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Author Topic: Masternode Question  (Read 110 times)
mattbellme
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October 30, 2017, 09:12:42 AM
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If no one actually uses the coin, and only buys it so they can earn masternode rewards, where are the rewards coming from?  Masternodes help to verify transactions, but if no one is actually using the coin, how can masternodes generate income?

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Bitfort
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October 30, 2017, 12:17:40 PM
 #2

If no one actually uses the coin, and only buys it so they can earn masternode rewards, where are the rewards coming from?  Masternodes help to verify transactions, but if no one is actually using the coin, how can masternodes generate income?

The reward is coming out of thin air. Transactions fees are just small part of income (same as BTC where mining reward is 12.5 BTC and tx fee reward around 2 BTC)

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October 30, 2017, 01:11:58 PM
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If no one actually uses the coin, and only buys it so they can earn masternode rewards, where are the rewards coming from?  Masternodes help to verify transactions, but if no one is actually using the coin, how can masternodes generate income?

Obviously somebody will use the coin because they also want to create a master node. That is the cycle. Besides the concept rewards those who build nodes. Which is a stroke of genius because that is how bitcoin became so popular. The creation of supernodes. And the community built it for free. Since bitcoin is only rewarding miners. Which is the idea behind the masternode coins. Incentivize node maintainers. Genius.

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October 30, 2017, 05:08:06 PM
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generally masternode rewards comes from block rewards, sharing with staking or mining.



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