I had a question regarding developments of Ren Darknode Pools in which a group of people could pool their REN tokens together to make Darknodes in the event one or more people weren’t able to make the 100,000 REN minimium to run a Darknode.
Is this an actual development in the works (Didn’t know if it was a rumor or fact)?
How would this feature affect voting rights and governance among Darknodes once it happens?
My concern is that if you look at how Bitcoin mining pools work currently a little over 74% of the hash rate is owned by just 6 mining pools…
LINK TO BITCOIN HASH RATE DISTRIBUTION
( Coin Dance | Total Bitcoin Hash Rate by Mining Pool (today, all chains) Summary )
That’s pretty centralized. I am concerned that allowing poolings of REN within the protocol could lead to the same effect, and how that might affect voting and governance once that’s implemented. I know that’s down the road and that the “Greycore” will be the next phase of governance, but think it’s something to think about.
I don’t have a problem with someone creating a pool outside of the protocol. Like if a company wanted to say create their own pool outside, and get a bunch of people to invest and a run couple of Darknode collectively. Those getting involved would be incentive to create their own governance structure with regards to voting based on the amount of nodes they have per those staking with them, and distribute their RenVM fees to their customers respectfully.
I think this type of setup versus adding it to the protocol directly would allow for better governance, would keep the simplicity of the protocol and not end up like the history lesson of Bitcoin.
These are all my speculations as a student working on a degree in Economics. I am weary of implementing such a feature this early in REN development.