Are you only here to push Dash? You getting paid by the Dash post? Lmao 🤣 Every time I read your posts your giving a Dash sales pitch.
#BCHPLS
Nope. I'm here because I'm excited by the prospect of a free, open community without undue censorship. I mostly care about Dash, but this place is kinda dead right now so give me a brk
Again we are debating entry level for voting vs power per coin.
If we assume that 1K limit excludes 50% of holders, then those who can afford 1K will have proportionally more power.
To adopt your idea or why it should be done. It has to work better than what we've got. Right now you've only got a theoretical complaint, Dash is making real world moves. Little time.
Again we are debating entry level for voting vs power per coin.
If we assume that 1K limit excludes 50% of holders, then those who can afford 1K will have proportionally more power.
And you haven't proven 1. the efficacy of the current dash model 2. the superiority of whatever model you suggest replace it. Until you can do this you are not providing any incentive
Again we are debating entry level for voting vs power per coin.
If we assume that 1K limit excludes 50% of holders, then those who can afford 1K will have proportionally more power.
But that is not a good assumption to make because it presupposes that the price was always high enough to exclude 50% of holders. 1k Dash used to be really cheap for years. Bad assumpt
That it can't be hacked/money stolen/that it works/that its economic model is solid. There are a lot of assumptions that btc gave us that these newer projects haven't proven themselves
What is the point of mining and running a masternode being distinct activities?
What do non-master nodes do?
How much of the 10% goes to core dev., and what happens to the surplus?
DCG to be worthy of based on past performance. Currently every expense is line-itemed in the budget. If there is no vote surplus i.e. full 10% is never created.
What is the point of mining and running a masternode being distinct activities?
What do non-master nodes do?
How much of the 10% goes to core dev., and what happens to the surplus?
MNs facilitate coin mixing, instant txs and governance functions and incur running costs. As such, they are given part of the reward for their efforts. How ever much the MNOs deem
This is what happens when you control the money and can pay to censor. You get the power of narrative creation. From there anything can be justified. It really is insidious.
I was referring to attack resistance. If a bad actor can afford 1000 Dash they will have better prospects of success with the limit than if votes were proportional from 0, right?
I don't think you can make that assumption. Its much easier to buy 1 Dash to vote than it is to buy 1k. If you're a bad actor, 1K is an easier investment to make, 1k means your serious
That's using the avg. You have to use the median because privateSend txs skew the avg. They're about 1-5% of daily txs, and currently have a much higher fee of .01 Dash.
Well, the limit makes access to voting more expensive, but if you gain access you will have proportionally more power, right? The poor people won't have any say.
The purpose of the MN and treasury is not for 'poor people', it is to direct the funding to projects that help Dash adoption. THAT is where helping the poor comes in like in Ven, haiti
BTC has indeed been corrupted, but most coins haven't so still not sure if coin-funded development is needed. But it's an interesting concept. You know how much of a tx goes to this?
Well, 10% of the block reward is voted on by the MNOs. That's transalated to about $1 mil per month for at least the last year into the Dash economy. Not many coins can say that...
Money is not even a capitalist invention. People have used a medium for exchange for thousands of years before capitalism.
increasing some corporate corner on the market. This is a hugely centralizing force, which means money flows to the top and away from everyone else, hence poverty. There's enough
Money is not even a capitalist invention. People have used a medium for exchange for thousands of years before capitalism.
He said capitalism, i.e. the cen. of money in the hands of capitalists imposes scarcity, not money. He is correct. Think about it. What is capitalism about? Working for a boss,
Why not make voting power proportional to the amount of coins you hold? Seems like an arbitrary limit of 1000 would make attacks cheaper as long as you have at least that many coins.
If we did that then it would be cheaper since most ppl don't have 1k Dash, but anywhere from .1 to 100. We'd get all kinds of spam. The limit makes it more exp.
I agree, low fees are very important. But they don't look much lower than #BCH so the cheap algorithm either isn't working or something else is eating those savings.
Up until late Aug BCH was on avg 3-7x more exp. fee wise than Dash. So its good you guys were able to get those fees lower.
I agree, low fees are very important. But they don't look much lower than #BCH so the cheap algorithm either isn't working or something else is eating those savings.
Actually, if you look, Dash's fees have been many times lower than bch's all year, 14x (!!) lower Jun 21 its only since Sept that BCH lowered its fees to Dash's level. Congrats!