Dear @reverseacid

It has been quite a while since I've lost my interests with masternodes (it kind of happened once I discovered STEEM blockchain and I fully got engaged into becoming part of community).

However I found your post both interesting and refreshing.

One thing that I always had trouble understanding is: should masternodes be considered securities? after all rewarding investors with dividents is security. To avoid being called security it would be better to burn tokens (the way binance does).

Also I came to realization, that most masternodes do not offer anything for their stake holders except of financial rewards. And to maintain those rewards without price constantly being crushed by selling pressure ... they need constant new flow of money. It's almost not possible to find masternode that does offer any other value for stake holders.

Yours
Piotr