Hi all ;P.
I am trying to understand what masternodes are, how it works etc. Because I have a background in finance I would like to say: “ please bear with me”, because I might say something which is technically false… please correct me if this is the case.
I tried to google for examples and the one i've been looking at is this link:
https://dashtalk.org/threads/darkcoin-update-masternode-requirements-masternode-payments.225/First of all this thread outlines the fact that “you need to be fairly familiar with network administration and securing host”. But even tough I’m non-technical,
I assume there will be some kind of tutorial which helps people setting up this at your home computer? Then the thread outlines the fact that darkcoin’s point is to make it very expensive to aquire them:
Why is this good? Or why is this bad?The thread continues with a calculation:
1x Masternode = 576 blocks * 10% of the reward = 1036DRK/day …………… =1036
8x Masternodes = (576/8) blocks * 10% of the reward = 129DRK/day………...= 1032
16x Masternodes = (576/32) blocks * 10% of the reward = 32DRK/day……….= 512/
1024128x Masternodes = (576/128) blocks * 10% of the reward = 8.1DRK/day……= 1036.8
I THINK THE FORMULA ON THIS THREAD OF 16x masternodes should be 576/16…. Instead of 576/32.. which gives total of 1024 drk instead of 512drk…….
+
I've learned 3 types of approaches in my studies: I live in Holland so excuse me for my english...
1st: Progressive: Increasing, growing etc.
2nd Degressive: Decreasing, declining etc.
3rd Proportional: In proportion
So if I understand it correctly,… the more masternodes someone has…. The less reward he/she might expect. So Darkcoin/Dash is using a Degressive form.
Why is this form of system good? Or why is this bad?Then I found a calculator for CRAVE:
http://jj12880.azurewebsites.net/CraveCalc.aspxI made a small table in a spreadsheet….and here are the outcomes :
Number of owned masternodes Estimated Crave per day
x1 2.610989011
x8 20.88791209
x16 41.77582418
x128 334.2065934
So if I understand correctly, Crave works the other way around. Here there is an incentive to have more nodes because as you can see… the more nodes you have…. The more estimated crave you will receive.
Because the amount is multiplied with the number of masternodes this type is in my opinion a form of proportional system. 1+1=2 … it would be progressive if for example 1+1=3... or 4.. or 5 etc
Why is this form of system good? Or why is this bad?I hope anyone could help me understand more about the how's, why's.. i would appreciate more info about this subjects so if you have some links... plz share