For those who missed it, here are some slack questions answered by s3v3nh4cks
(1 of 3 main devs) in the last few days: (last question was answered by me)
Q: Hey s3v3nh4cks can you answer a few DarkNet questions?
1. How many Master Nodes are there now?
2. What is the Master Node reward?
3. What is the goal/logic for the future target number of Master Nodes?
4. Will the Master Node reward change over time?
5. What are the technical requirements for a Master Node?
6. Does each Master Node require a dedicated IP?
Q1 & Q2: http://126.96.36.199/~pub/DN/DN_masternode_payments_stats.html
Q3: The Masternode rewards are controled by the ration of masternodes vs. the total coincap at that moment, if you look at the OP on BCT, you can see more information.
Q4: Yes, it changes moment to moment because it is variable.
Q5: A vps with 10gb storage, and 512 mb ram and a astatic IP will work for now, but the resource requirements will grow over time
Q6: Yes, a unique IP is required for each masternode.https://bitcointalk.org/index.php?topic=1262920.msg13067779#msg13067779
Our Reward mechanism, is based on a seesaw, we estimated that 1/3 of the coins would be held by masternodes, 1/3 would be on an exchange and 1/3 would be staking. So the mechanism is controlled by the ratio of masternodes holding 10k coin each vs. the total coin cap. as the number of masternodes increases, the masternode rewards decrease and the staking increases, but when all things are equal 1/3'rds Masternodes will be slightly more profitable to offset the cost of running a masternode. When there are not enough masternodes, then they get more of the block reward, to encourage more masternodes. we wanted a healthy network of Masternodes and stakers, so this mechanism ecourages an equal amouunt exist to recieve optimum rewards.
Q: What does DarkNet mean by staking? Staking is different from the coins set aside for a Master Node?
Masternodes are used for services on the network, and are rewarded a fee for their participation. They hold a collateral of 10k Dnet to be eligible. Staking is equivalent to PoW mining. It secures the network by solving hashes. When a Staker finds a block it is distributed based on the mechanism used (we use a variable seesaw based on the coins held in each masternode vs the total coincap. Darknet also is PoS 3.0.
Q: So for staking you need to set aside 10K coins too? Also, what does "1/3 would be on an exchange" mean?
No, staking is any amount, and splits when staked. There are only 1440 stakes per day, and works the same basic way as PoW
Q: How is DarkNet better than Dash technically?
The main differences between Dash and Darknet at this moment is we are PoS and we have a custom mechanism to balance the rewards based on the conditions of the network. We have many things on the horizon, but we need help as there is only 3 of us atm.
Q: What are the limits of the proposal system? By that I mean does it determine what is on the roadmap and the priorities? What types of decisions are not controlled by Master Node votes?
We have decided that this is a community driven coin, so any proposal that is decided by voting will be followed.
Q: Was there ever a winning proposal you refused to follow? Why?
No there hasn't been.
Q: How many master node owners vote?
So far, approx 60% or so, but we are looking at implementing a means to make it a requirement (not sure how though) to continue to get rewards
Q: I don't want the name associated with illegal activity, but I don't want it associated with Wall Street / Corporate type ideals either. Where are you guys with that?
We have left it at DarkNet, but there has been discussion of rebranding. We are focussed on creating a tool to transfer value privately and completely anonymous. We want the wallet to contain encrypted communications, and a means to do Multi-sig Escrow transfers for person to person deals.
Q: What is the max coin supply for Darknet?
jakiman: Please check this post for scheduled con supply for next 25 years. https://bitcointalk.org/index.php?topic=1262920.msg16501556#msg16501556