Never argue with an idiot. They will drag you down to their level and beat you with experience. - Mark Twain
I don't let myself get dragged down.
The #fuckingcapitalists still keep many people homeless, hungry and sick just so they can keep massive profits.
Have you given all your property away yet, LightRider? You are on the internet, so presumably you still own some sort of electronic device. Did you buy it from a wealthy entrepreneur?
How and why bitcoin split into Bitcoin-BTC and Bitcoin-BCH
#fuckingcapitalists
Lack of basic services and drinking water is due to too little
#capitalism, not too much. The correlation between economic freedom and income (including for the poor) is quite strong.
People who hate
#capitalism often make up for their lack of data and argumentation with insults and four-letter words.
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.
Yes, my complaint is theoretical, but you haven't presented a theoretical defense of the current model. Dash might be working great, but it's possible it could be working even better.
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
The model I propose would be proportional voting from 0 Dash and up. My reasoning is that you haven't proven any benefits for the arbitrary 1000K Dash limit.
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
I just picked 50% at random. My point is true with any number, I think. 1%, 99%, whatever.
It's a wonderful idea, but I think they chew to much, they will choke on the execution (time). The idea itself will happen in some way or another soon though, with or without Bitcoin.
I was thinking of just analyzing the features, cryptography, math and so on, not live performance.
You probably don't need a blockchain for this.
Impossible? No. Hard work? Yes.
White papers, interviews, thinking, and using. What, after all, made BTC so popular? Easy to use! Initially.
How many of the 5000 or so coins in existence have you analyzed or used, even superficially?
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
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.
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...
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?
So many coins... I think we need a technological solution to analyze coins against one another in a scientific way. How about a blockchain for this purpose? Let's call it
#Coincoin.
"Web 3.0" and proprietary hardware makes me suspicious. Impossible to tell whether there are some good ideas in all the new coins coming out, and whether those ideas will work.
There's a fork that maintains the original intent: Bitcoin Cash, which this social network actually operates on.
I'm already on the BCH train. :-)
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
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?
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!
The area under the curve since BCH was created looks about the same to me. I guess you'd have to do a more detailed analysis as to why they differ at various times.
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.
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.
That's because their money came from AXA and blockstream. Their $$ incentives weren't aligned with the coins best interests. Dash has been innovating constantly oth for the last 4years
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?
Because its sybil-resistant that way. You need 1k Dash/i.e. skin in the game to vote. Which makes it harder/more expensive to attack. You saw how easily btc was taken over right?
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.
