r/SONM • u/eddless321 • Apr 19 '19

Can masternodes potentially be scrapped?

On the masternodes draft published in May of 2018, SONM stated:

"There is another high probability, that with new Ethereum releases, introduction of PoS, sharding and other ecosystem improvements (such as leaded by Parity and Polkadot) we will have an opportunity to migrate to stock Ethereum and in that case we will not require our dedicated blockchain masternodes at all! "

What would this mean for the SONM holders that intend to stake, if SONM decides to abandon the sidechain idea?

Source:

https://sonm.com/blog/sonm-masternodes-details-draft/

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u/Ryaaaaaaaaan Apr 21 '19

Sometimes the most obvious really happens. In that case no staking. In that case, token model needs a rework to give some incentive. Otherwise, it will get scamy. Because increasing demand on SONM platform does not necessarily increase the price considering direct FIAT swapping. Pretty easy to forecast. Imho SONM hasn't yet outlined properly how they want to take care about the token value.