crowning
Well-known member
In the thread here there's a long discussion going on about how to solve the problem of non-anonymizable "dead change" and how it could be implemented.
Thoughts about the problems:
Thoughts?
- Due to psychological reasons there will ALWAYS be prices like 0.99, 9.99, 99.99, 1.99, no matter which currency you look at. Those are the pathological amounts we have to deal with.
- If we use a static minimal amount of e.g. 0.01 DRK for denominations to avoid all issues this might be too high if Darkcoin hits $1000 per coin (lots of sub-0.01 DRK payments), or not high enough if it falls a lot.
- I propose to couple the minimal possible denomination amount to the DRK exchange rate of the most used currencies (USD, EUR, CNY, CHF and whatnot), enforced by the Masternodes. Same can be done for the maximum possible denomination amount.
- It solves the problem.
- Every currency has a minimal amount of 0.01 coins for payments, so there's no reason (after exchange to DRK) to go below that.
- Blockchain-bloat will always be at the minimum rate needed to solve the problem
- The demand for lower denominations WILL show up when DRK value hits a certain level, so we should deal with the problem NOW and not when it's desperately needed.
- Easy to implement.
- The Masternodes cannot automatically calculate the proper exchange rate without abuse possibilities, so the enforcement amount must be adjusted (more or less) by hand.
- Public reception of adjustments done "by hand".
- Blockchain bloat.
Thoughts about the problems:
- Could be done similar to the current Masternodes-payment enforcement, maybe after a public voting for consensus.
- Not a big problem because there's no influence of the coin's value/supply/difficulty itself. No real abuse possibilities for the people who have control over the privkey which controls the enforcement.
- Not really an issue because if the value of DRK increases (or decreases) dramatically, the amount of the average payment just shifts up or down proportional to the value. The number of payments itself, and coupled with that the demand for denominations, is still only bound to Darkcoin'ss adoption in the real world.
Thoughts?
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