Hey @legendnodes great points!..here is my counter argument 
Why not set the minimum reserved bond to 500k GLMR? It’s still a significant reduction, improves decentralization but more importantly encourages only seriously committed validators to join the active set. IMHO, setting the bond amount too low, especially in volatile market conditions, can open the chaotic mess we saw few years ago, that @turrizt is referring to.
Remember there is no penalty slashing in Moon* networks. The worse that can happen to you is getting “chilled” and kicked out from operating negligence. At that point, you just collect the rewards and move on or come under a fake name and get back into the active set. Yes, there is a balance between opening to the community for larger adoption and decentralization but where has that demand been? I could be missing it, but I occasionally see a request to join as an orbiter or what’s needed to run a collator node. I haven’t seen high, strenuous demand to get in on the action.
This demand could be renewed if the path to Ethereum adoption works out, but for now, objectively speaking I say we reduce but stay the course in using the reserve bond as a sign of committing to Moonbeam.
Full disclosure to the community, yes I do operate a collator on Moonbase/Moonriver/Moonbeam as “Paradoxx”