Looking forward to reading!
Would it be possible to have 2 tiers of BPN's?
I ask this, as it may be easily achievable for some of the community to lock 1-2k of their funds away to run a node, but not so achievable for the majority. Especially as the price rises in the near future.
CBX has some strong followers, who have been around for years. Not all have been able to gather such a balance of CBX, or would be able to gather the funds to run a node in the future if the bar was set too high.
How hard would it be to, lets say, have 'Super/Major/Master Bullion Participation nodes' as well as regular BPN's?
If you were to set aside, as you mentioned in a previous post, 250k CBX for BPN.
125k to Super nodes
125k to normal
Lets suggest 5000 CBX to run a Super BPN = 25 available nodes
500 CBX to run a normal BPN = 300 available nodes
Even with the lower Tier at 500 CBX, I can see this rapidly moving out of most peoples reach in the not so distant future, so why not give everyone a fair chance at getting on board.
With this approach, the large holders would be more likely to lock away their balance using a SBPN, rather than a BPN, taking a larger portion of their CBX off the market, while allowing a larger portion of the community to participate in running a node themselves, thus taking a very large portion of the small holders (disposable!) CBX off the market.
Percentages wouldn't need to differ so much. Maybe an extra 0.5% -1% on a SBPN over a BPN, (0.5%-1% extra reward on a 5k node is pretty nice), but obviously maintaining the the baseline network annual reward.
Not sure how complicated this would be, or even if it is achievable
Just a little thought nevertheless
Would it be possible to have 2 tiers of BPN's?
I ask this, as it may be easily achievable for some of the community to lock 1-2k of their funds away to run a node, but not so achievable for the majority. Especially as the price rises in the near future.
CBX has some strong followers, who have been around for years. Not all have been able to gather such a balance of CBX, or would be able to gather the funds to run a node in the future if the bar was set too high.
How hard would it be to, lets say, have 'Super/Major/Master Bullion Participation nodes' as well as regular BPN's?
If you were to set aside, as you mentioned in a previous post, 250k CBX for BPN.
125k to Super nodes
125k to normal
Lets suggest 5000 CBX to run a Super BPN = 25 available nodes
500 CBX to run a normal BPN = 300 available nodes
Even with the lower Tier at 500 CBX, I can see this rapidly moving out of most peoples reach in the not so distant future, so why not give everyone a fair chance at getting on board.
With this approach, the large holders would be more likely to lock away their balance using a SBPN, rather than a BPN, taking a larger portion of their CBX off the market, while allowing a larger portion of the community to participate in running a node themselves, thus taking a very large portion of the small holders (disposable!) CBX off the market.
Percentages wouldn't need to differ so much. Maybe an extra 0.5% -1% on a SBPN over a BPN, (0.5%-1% extra reward on a 5k node is pretty nice), but obviously maintaining the the baseline network annual reward.
Not sure how complicated this would be, or even if it is achievable
Just a little thought nevertheless
Thank you for the input. We will continue to analyze and evolve the algo as time goes by but that will be in 2018. We have a lot packed into the 2017 road-map so we need to adhere closely to it. Please keep these thoughts going though!
