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Title: Does PoW add value to masternode coins? Post by: sasman19 on February 12, 2019, 02:57:29 AM Imo PoW masternode coins level the passive income playing field. PoW does what PoS can't, add true cost to running and maintaining a network.
Title: Re: Does PoW add value to masternode coins? Post by: Prompyboo on February 12, 2019, 03:32:51 PM but as a rule, those masternods that exist now they are created for useless coins. And due to the fact that coins are useless - masternodes also become useless
Title: Re: Does PoW add value to masternode coins? Post by: malekbaba on February 12, 2019, 03:43:23 PM Almost all Masternode coins are useless, there are some exceptions though. POW depends on hashing, pretty complicated science and it means interested miners are spending their resources to run that project.
So nice POW hashes mean the project is popular among miners. Title: Re: Does PoW add value to masternode coins? Post by: Minecache on February 12, 2019, 05:46:31 PM I don't like PoS projects with masternodes as they are today. Only few of them are normal and legit projects while the rest is a pile of garbage (c) Vitalik ;D So PoW won't add any value to worthless masternode projects in my opinion.
Title: Re: Does PoW add value to masternode coins? Post by: qwizzie on February 12, 2019, 06:01:18 PM Dash was already a Proof of Work cryptocurrency before it created its second tier (full nodes, receiving payments for staying online 24/7 and for providing services for its network).
This second tier was placed on top of its first tier (miners), was named masternodes and became known to the world as the "masternodes" concept. Having a Proof of Work (just like Bitcoin) provides more security and more decentralization then Proof of Stake projects in my opinion. Having forked of Bitcoin also provides Dash with more adoptability among merchants and exchanges, as its easier to add Dash to their already existing Bitcoin offerings as code-wise they are very similiar to a degree. So basicly the masternodes concept adds value to Proof of Work. Also Instantsend (to have transactions sent instantly, while locked against doublespending) adds value to Proof of Work Chainlocks (which will prevent 51% attacks) will add value to Proof of Work Dash Evolution (decentralized apps, blockchain usernames, dashdrive, scalability) will add value to Proof of Work All these additional values to Proof of Work will in time reflect back in the price. Title: Re: Does PoW add value to masternode coins? Post by: Fluxtorrence9 on February 13, 2019, 08:04:43 AM Have you seen any masternodes coin that have real usefulness? Because I have not ,I prefer POW and POS in one coin ,they have better chance of surviving but really what matter is when creating coin it should be a useful coin that have reasons for its existing
Title: Re: Does PoW add value to masternode coins? Post by: kolonel_x on February 13, 2019, 08:47:45 AM I really don't know if masternode can be changed at will by the dev coin. As I see a coin with a total masternode 3 then I see the masternode decrease to 2. Is that not cheating?
Title: Re: Does PoW add value to masternode coins? Post by: talkbitcoin on February 13, 2019, 09:42:31 AM mining algorithm that altcoins use is not the main factor that determines value of the coins. the utilities of the said coin is going to determine how much value does that altcoin have and how it should continue to be like in the future.
for example a coin with no usage and only a masternode that gives passive profit is doomed to fail and die eventually because at some point another useless coin will come along that gives more profit and all the masternode owners give it up to go to that new coin. |