Anybody worried that MN will make this coin extremely scarse? I know that scarcity doesn't matter with cryptocurrencies, since we have many decimals. My only worry is that due to the scarcity, every time 1 master node holder decides to sell his coins (or someone decides to purchase a new masternode), the price will change dramatically. This could possibly result in a very unstable price. Thoughts?
No. Didn't the developer say that the max number of MN is 2000 or something?
So that would be only 2M coins.
If every DRK in existence right now was tied up in a masternode, there would be 4399 masternodes.
At lowest reward (safe to assume) currently that would be ~0.131 DRK/MN/day ~ 48 DRK/year
At 2000 MNs (a bit more realistic) it's 0.288 DRK/MN/day ~ 105 DRK/year
At 1000 MNs it's 0.576 DRK/MN/day ~ 210 DRK/year
At 500 MNs its 1.152 DRK/MN/day ~ 420 DRK/year
Going with 1000 MNs as what IMO will be a good rough guess, each of my MNs will bring me in about £1500/year at current prices of 0.02DRK/BTC(@£350)
1000DRK currently costs ~£7000 so that's a 21% return per year. *At current prices, which are unlikely to remain this low if all goes well!*
Plus with so many DRK/fiat exchanges popping up, the price of BTC will become increasingly less relevant to DRK holders.
DRK is not an alt, it's a financial apex predator...
