REN Darknode Staking Pools

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.

  1. Is this an actual development in the works (Didn’t know if it was a rumor or fact)?

  2. 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.

It is not the Ren team itself that is developing pooling capabilities, but several third parties are working on this. See for example https://www.renpool.io/

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Oh, I see! Thank you for the information. I will check that out.

I don’t know if this is something of a comparative, but the Darknodes Online has the top 15 operators only controlling about 17% of the total nodes.

Certainly though will need to have some mechanism to make this project more attainable and scalable as market value increases. If Ren does indeed try to goto $10, people aren’t going to have a free $1 million sitting around to lock into a darknode. Most will probably cashout leaving a more centralized model and suppressed market price.

But you never know, maybe the market goes crazy for Ren one day. Put a pic of a cute little fluffy bunny or something, maybe a pug with a bow-tie, as the face of the token and it explodes.

Could you elaborate on why you are certain Ren won’t scale if price increases? I do not see the correlation between scaling and the cost of REN.
IMO there is no obligation to make Ren more attainable, unless required by the security of the network. Last year a node cost less than $6k. Unfortunately some people missed this opportunity and will be forever priced out of running their own node. The same is true for holding a whole BTC or 32 ETH.

True, but most people do not have $1m to invest in property, and $1m+ properties can be a good investment.

With respect, this assumption does not hold up logically. If I sell all of my nodes to one entity the project will become more centralised. If I sell my nodes to two or more entities, the project will become less centralised.
Also, it assumes that “most” will cash out. I do not think this is a fair assumption. My nodes are BTC printing machines. If they continue to print enough BTC I will literally never sell them.

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