Will masternodes be implemented?
No I don't think so and to be honest I don't understand the reason for all the hype behind centralized nodes
There is probably no good technical argument for them at all. Psychologically though they without question are effective in stimulating accumulation and holding.
That's the thing with hype it is usually over something that does not deserve hyping, although to harness that hype and use it to fuel marketing, building a larger community and extracting development funds is not a bad thing for a project.
Projects selling dreams , vapour and hype seem to be doing better than those that are selling tech that is ready. That is quite a sad fact in crypto today.
Let's hope people wise up.
Well maybe after the next update that includes parking we can incentivize users to park their coins with a similar effect. But why the rush? We have tools we are going to release more powerful than that masternode gimmick.
I don't doubt at all what you are saying. However with regard the rush this is kind of like a race. So far a lot of huge huge projects with massive funding behind them have only sold hype and dreams. There is nothing tangible there with those projects at all. However they are leveraging this hype and dream selling into a funding pot that takes investment/attention from other good real projects like bitbay. The trouble is once people believe they are part of a community and support the dreams and hype projects it can be difficult to get them to extract their investment and put it in a real project that does not sell dreams and hype.
Look at the top 20 MC which of those projects are still pretty much vapour ware. Now imagine forcing all those investors to forget hype and dreams and put those funds in to real projects... bay would be a top 5 coin for sure.
I like the sound of incentivising people to lock the coins down in the marketplace for periods of time indeed. Hopefully in certain sized packets to achieve scaling rewards.
Anyway things are going well up another bump today.
Soon bay will be a stable inside the top 50 , next step stable within the top 20. I'm really hoping bay will be recognised and become stable top 10 by the end of the year.
The great thing about the peg is that once we are psychologically accepted in the top 10 we will enforce our place there not just because the usefulness of all the other features but also as a safe haven of stability of value. Same for top 5. I can see bay being the base currency for a lot of exchanges in the future because of this stability.
I heard the owner of polo was a music grad with little coding or tech skill. Makes me wonder if bay could start its own exchange with bay as the base currency pretty soon. There must be some tech based people in the core other than david and off the shelf exchange scripts too. all fees go into repurchasing bay from the market and burning them so upward pressure is always there too. Giving us more scope to rise inflation for those accumulating and holding through a ranking system.