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Dash makes a lot of claims; many of them are historically false. It's usually not worth the effort to look into it and usually people just end up discovering that the gem at the top of the house of cards is just a bent ten of spades.
This one is very important though. it should be looked into. Admittedly it's hard to look (I've tried).
![Guy Swann ⚡[Pay me in Bitcoin]](https://pbs.twimg.com/profile_images/1179969545613795330/djNzdtP__normal.jpg)
This 2015 thread from @fluffypony covers a few of the concerns with the Dash masternode implementation. To be fair, I don’t know whether any of these issues have been disproven or mitigated since then. https://www.reddit.com/r/Bitcoin/comments/2zufu1/comment/cpmvogy …
Last I checked (more recently than 2015) Masternodes were paid based on uptime. I kid you not. The network doesn’t care if they actually do anything, they get their full reward as long as they haven’t had an extended downtime. The network is basically paying Sybil nodes.
Yes - something like “if an MN isn’t unreachable for more than 17 mins in 24 hours then pay them”, but the MN just has to respond to pings and not do the actual work it’s meant to do. If we could just pay nodes to broadcast txs we wouldn’t need PoW:)
No, if a Masternode refuses to participate in an InstantSend lock it gets banned. If a Masternode refuses to participate in supporting a mixing session it gets banned. Refusing actual service requests will always result in a ban.
When did I say it refused? That's not how Sybil attacks work.
You said, and I quote, "the MN just has to respond to pings and not do the actual work it’s meant to do." Well if it doesn't do the actual work it's meant to do, it gets banned.
I've read from many brilliant minds trying to reason about the problem >8y now. The guys who caused a mass insta-premine and the resulting monolithic masternode population, it seems to me, are unlikely to have solved it. But hey, if they have, then a lot of foundational logic..
.. would have to be thrown away, and that would be something! "Scammers accidentally achieve major breakthrough!" <apologies for rampant cynicism. Been a long time.>
I've looked at Dash, having met some of their Core Devs who were fed up of the network oligarchy the Masternode/DAO system has led to. It's hard to disentangle the insta-mine, corporatist ethos and 'Social Sybil' DAO gaming from node incentives though. http://asymmetries.pllel.com pic.twitter.com/7NbHDt5pR6
A different model which might be better suited to BTC is that of Horizen which has a modest incentive and collateral requirement for "Secure Nodes" which participate in obscuring network traffic.https://blog.zencash.com/secure-nodes-why-are-they-important/ …
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