Coins with Masternode?

[bbc.reporter]

How do we know that the majority of these master nodes are not controlled by a few people or by the same group? My view of master nodes is that it is like a system of POS built on top of a POW coin. If you think about it deeply, what is stopping Evan Duffield from setting up the majority of master nodes with his cryptocoins from the instamine that he did?

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[1713993085]

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[silversmith]

INSANE coin will have Masternodes soon. Price is rising quickly though.

[jd8511]

I think masternodes = centralisation, which deviates from the philosophy of cryptocurrencies.

[Fragbait]

Masternodes = Centralization!

I think masternodes = centralisation, which deviates from the philosophy of cryptocurrencies.

PoW = centralization

[Fragbait]

ChainCoin
1,000 coins for a masternode

Forum:
https://bitcointalk.org/index.php?topic=422149.0

Exchange:
https://www.cryptopia.co.nz/Exchange?market=CHC_BTC

Twitter:
https://twitter.com/chain_coin/

Website (rebranding and new technology roadmap incoming in 2 weeks):
http://www.chaincoin.org/

Marketcap:
https://coinmarketcap.com/currencies/chaincoin/

[irukandji]

How do we know that the majority of these master nodes are not controlled by a few people or by the same group? My view of master nodes is that it is like a system of POS built on top of a POW coin. If you think about it deeply, what is stopping Evan Duffield from setting up the majority of master nodes with his cryptocoins from the instamine that he did?

What is the worst thing a person could do if they controlled a lot of Masternodes?

[Ayers]

Masternodes = Centralization!

I think masternodes = centralisation, which deviates from the philosophy of cryptocurrencies.

PoW = centralization

no i think you are wrong, asic pow = centralizatio, gpu pow = decentralization, the best decentralization is with gpu, if you think about everyone just running one rig this is not possible but the close you have it with gpu and nothing else

[Fragbait]

Masternodes = Centralization!

I think masternodes = centralisation, which deviates from the philosophy of cryptocurrencies.

PoW = centralization

no i think you are wrong, asic pow = centralizatio, gpu pow = decentralization, the best decentralization is with gpu, if you think about everyone just running one rig this is not possible but the close you have it with gpu and nothing else

As soon as any GPU PoW coin has enough value ASICs will be made and centralization guaranteed.

PoW = centralization

[gsxrboy]

Vcash

10.000 Vcash to run a master node

https://vcash.info/

[commenter]

Check out BlockNet




devs have answered a load of questions on the reddit AMA:

Node info answered in question 5.

https://www.reddit.com/r/theblocknet/comments/676buj/ask_anything_about_blocknet_qa/

Summary: (dev answers in red)

1. What is the timescale for the UI and SPV? Just roughly. Are we talking a couple of months, 6 months, end of year, next year? Cheers.

We work in an "agile" manner and thus do not deliver to timescales. As a rough estimate which cannot be taken as a commitment, I'd suggest that the timescale for the UI is "a couple of months" and SPV multiwallets "6 months." I may be mistaken though.

The better answer: we are aware that mass-adoption of an exchange technology requires low friction, thus removing the need to download at least two blockchains before trading. So SPV is at the top of our list of enhancements.

Work has already begun on the UI.

2. How is Blocknet different from projects like WAVES, COSMOS, SWARM CITY and so on. In general, how is Blocknet's approach to build a decentralized exchange and an interoperability protocol different from its competitors?

The Blocknet is the only project in our awareness that decentralises the four core functions of an exchange - capital deposits, order broadcast, order matching, and coin exchange.

    all coins stay in wallets

    orders are broadcast over an inter-chain DHT network overlay

    order books are compiled by local applications, not a central or distributed entity

    coin exchange is atomic and trustless, utilising OP_CHECKLOCKTIMEVERIFY and not requiring the control of any third party.

As for interoperability in general and the emerging token ecosystem, the Blocknet is deliberately designed to function as infrastructure. No central chain is required, enabling services to be built on any chain and monetised and delivered over xbridgep2p, our "blockchain router," to nodes on any other chain and to dapps harnessing blockchain services.

Regarding waves, it's a coloured coin approach. As such, as a trader, you'd have to deposit your coins for some underlying token in order to trade. This does not decentralise deposits, even if the underlying architecture is distributed. Additionally it requires you to trust some manner of intermediary to redeem your coloured coins for a real coin when you want to withdraw.

My opinion on this is that if you're building a decentralised exchange, the main objective is to provide an alternative to having to trust some intermediary with your coin deposits.

Coloured coins cannot achieve that, and so I cannot consider any exchange of this type a decentralised one in the true sense of the word.

As for Cosmos, (a) its consensus algorithm is DPOS and (b) it relies on anchors/validators and so is vulnerable to collusion attacks.

These two points amount to Cosmos being a distributed system, but not one in which control is decentralised (that's what "decentralised" means btw - it's about control).

Thirdly - and correct me if I'm mistaken - Cosmos' approach is architecturally ill-fated to run afoul of the emerging "token ecosystem" by requiring inter-chain services to run on its chain only.

This is another way of saying that it is "inter-chain centralised," may be fine for sidechains, but is not suitable for an inter-chain era where it becomes the norm for dapps to become inter-chain orchestrations of on-chain microservices.



3. What are the possible applications of the xBridge other than a decentralized exchange?


   monetised API consumption
    digital service delivery

The Blocknet is designed as infrastructure for the emerging token ecosystem. Any service or orchestrated sequence of microservices provided by dapps may be delivered over the Blocknet's infrastructure.

Using decentralised exchange, these services are intrinsically monetisable, removing the friction and high costs of traditional payment networks - friction which has prevented the monetisation of the bulk of the API ecosystem.

Due to the decentralised exchange, consumers of a service may pay in their native token even if the service consumes a different token.


4 Do any of these dapps exist already or will they have to be built?

Smiley Anymore concrete dapp examples would be great - helps me spread the word and keeps it simple.

This is potentially very exciting because if a service is in demand and people are buying Block to use the service then it makes the price go up.

Currently the only things on the Blocknet are its core infrastructural services:

    blockchain router

    coin exchange protocol

    trade fee collection nodes ("service nodes")

    in-wallet order book and order-creation/acceptance controls

    p2p end-to-end-encrypted data transport

If you're looking for concrete examples, the scenario is the same as current apps with a microservices architecture: you can build any of them with a monolithic architecture, but they'll struggle to scale, bugfixing is harder, a bug anywhere can break the entire thing, and they're not composable (i.e. they cannot be broken down into sub-services which may be used and monetised in other ways).

So... take all the dapps in existence. We're making the case that it's best to build many of them as inter-chain dapps.



5. What are the benefits of running a node? And how many blocks do I need to run one?

There are two types of node: a "service node" and a trader node.

Service nodes do not handle or control any trader's coins. Their function is to collect and distribute trade fees. Typically a service node operator will run multiple full node wallets of whichever coins (s)he wants to support, in order to garner as many trade fees as possible.

Trader nodes enable one to trade on the decentralised exchange.


6. Will there be fees for buying/trading on Blocknet like there is with Coinbase/GDAX?

Yes, there are fees, though they are significantly lower that centralised exchanges (with a minimum fee that's just above the dust threshold).

The fee structure is as follows:

    transactions over the networks of each of your currency pairs will remain subject to their normal network fees for P2SH transactions

    a tiny trade fee is charged in BLOCK and the software takes care of securing some BLOCK to pay the fee.
        current implementation: trading is from the Blocknet wallet and you can buy BLOCK using it or on any other exchange. This is then used for fees.
        future implementation: trading will be from any trading dapp built by anyone. The protocol is likely to involve a second trade for the BLOCK trade fee, without requiring your dapp to have the Blocknet's blockchain





Click the reddit link for more answers.

[Coin_trader]

i really don't have an idea about masternodes but INSANE coin will have it's masternodes in effect starting May 5, i guess it's something that are very useful for the coin holders for when the dev announces that they will have masternodes for INSANE, the trade and price volume increases rapidly and still continuing up to this time.

[JosNekoKopa]

Masternodes are support for network, they are maybe week on some particular attacks and can become security problem, but still they are far from centalazation. They are not banks, not controling anything, earnig fees, also they trigger scaresity,  price rise or fall, but as idea they are not bad at all.
Every monetary model has its issues..Use ones with less.

[Taltos777]

sorry for the crazy, pic below. can't find out how to insert an image.   as a disclaimer i'm a Masternode investor.  i own most of these, and buy ahead of upcoming catalysts.  enjoy.  let me know any details i missed.  -T

Masternode Coins         Coins Needed    Slack Page        Upcoming catalyst
TX                            Mid-Cap                  Yes       
DASH                  Blue Chip       1,000     Yes                 Evolution client - Fall 2017
PIVX                           Blue Chip               
?Droidz                      Emerging          Yes       
HLM (SPR)                       Emerging       TBD     Yes       Economic swap:  SPR > HLM; MN's and new client coming; Date TBD
MUE                             Mid-Cap       500,000          X11 Client and MN's.  Date early to mid-may
BSD                         Emerging               
CRW                                  Mid-Cap       5,000     Yes       
EXCL                                    Emerging       112          Roadmap coming on 4/23/17
8BIT                                Emerging               new vigor from team
CHC                               Emerging       1,000          Dev says "all new features and roadmap": date before May 2017
CRAVE                              Emerging       500     Yes       new vigor from team
INSANE                        Emerging       TBD     Yes       New client and new features, before block 35,000; MN's coming out; Date May 5th, 2017
ION                              Mid-Cap       20,000    Yes      
                  

[xtyling]

Pivx, Crown, Dash do have masternodes

[Luigi21]

The coins with masternode that I prefer are:
PIVX
EXCL
TX

[I like ur coin]

sorry for the crazy, pic below. can't find out how to insert an image.   as a disclaimer i'm a Masternode investor.  i own most of these, and buy ahead of upcoming catalysts.  enjoy.  let me know any details i missed.  -T

Masternode Coins         Coins Needed    Slack Page        Upcoming catalyst
TX                            Mid-Cap                  Yes       
DASH                  Blue Chip       1,000     Yes                 Evolution client - Fall 2017
PIVX                           Blue Chip               
?Droidz                      Emerging          Yes       
HLM (SPR)                       Emerging       TBD     Yes       Economic swap:  SPR > HLM; MN's and new client coming; Date TBD
MUE                             Mid-Cap       500,000          X11 Client and MN's.  Date early to mid-may
BSD                         Emerging               
CRW                                  Mid-Cap       5,000     Yes       
EXCL                                    Emerging       112          Roadmap coming on 4/23/17
8BIT                                Emerging               new vigor from team
CHC                               Emerging       1,000          Dev says "all new features and roadmap": date before May 2017
CRAVE                              Emerging       500     Yes       new vigor from team
INSANE                        Emerging       TBD     Yes       New client and new features, before block 35,000; MN's coming out; Date May 5th, 2017
ION                              Mid-Cap       20,000    Yes      
                  

afaik -

TX   10000
HLM  5000
CRW currently 10000, may switch to 5000 (?)
EXCL  5000
8BIT 112, switching to 1024

best for me has been CHC, picked up at 40 sats

[Zer0Sum]

https://www.investitin.com/masternode/

Before the DASH pump no one cared about MN...
Then once the Twitter Guys started group hyping all MN coins... this group is up 10x to 50x.

Oh well, at least I lucked into MUE early for fundamental reasons  

Is it real?  Is anything real in the Alt Bubble?  Trading bubbles is truly a Black Art.

[Yoshi Livo]

Amsterdamcoin has masternodes, https://bitcointalk.org/index.php?topic=1152947

[yelllowsin]

Add XVC (Vcash) to your list. 10000 xvc required to run a peer.

[roidudisco]

Add icash !