Don't agree. Value Dash up, everybody wins. Value Dash down, everybody loses. Please provide an example for above statement, it's not realistic.They care if they lose all their money, or even any money, but that is not correlated to the overall health off the Dash community.
No. I don't see the difference between what is good for somebody holding 5 Dash or 500 Dash.Can you not imagine a change that would benefit the masternodes economically, while damaging the overall community?
This is how it works in the real world:
- I create proposal to give myself 1000 Dash.
- Every other MNO is like *grin* and votes it down like a mofo.
Please come up with something realistic.
MNO would choose the best option for the value of the Dash, like in every vote.I have 10 Dash, I think everyone should get the same % of interest on their savings
I have 1000 Dash, I think more Dash should yield a higher % of interest, exactly like it is in a bank.
I am new to Dash and at this early stage, very excited about the project. So excited even, that I exchanged half of my bitcoin to Dash. To a great extend, thanks to the great work of Amanda and her DASH: Detailed videos. Very informative.
I am curious as to what the community's thoughts are on the mechanism, that allows master nodes to vote on changes to the protocol, as well as allocation of funds. (If I have understood this correctly).
My concern is 70% in the perception this could give and 30% the practical challenges it could cause.
If Dash picks up, it's very likely, that the funds required to run a master node, could be (and would have to be) out of reach for the typical (non early investor, non tech geek) consumer, who I believe is the target consumer.
So I suspect, the question that everyone will be asking, is...
What prevents this rich minority, to vote in changes that is to their own advantage, at the cost of the average consumer, exactly like the so called 1% does now, by using their resources and influence to affect the law makes
In these early phases, this is not a problem, as the master nodes are economically motivated, to have Dash becomes a commercial success, but once that has been achieved, won't this become a widely spread concern, among regular users?
Thank you very much for taking the time to read this. Any feedback would be greatly appreciated
Could someone explain this to me: "But I specifically mentioned that once Dash becomes main-stream, those values might no longer align."
How or why would these values no longer align?
Let me try to explain the logic that I am advocating a little better then. Imagine a future where 1000 people own 1000 dash each, which is valued at 1 billion USD in today's money. The average user use Dash as their main currency. They get paid their salary, pay their bills ect. and obviously they will never come anyway near 1000 dash. But if they all pool together, they might outnumber the 1000 masternodes.
The interest of the 1000 billionaires are clearly not perfectly aligned with the interest of the common users. So what is to prevent them from adding fee's that goes to the Masternotes, or some other measure of that sort, that benefits them, but harms the users.
I understand that the users could then change to another Crypto, but that Masternodes don't care, because it's not in their interest to keep Dash alive. It's in their interest to maximize their own income. So it makes sense to have a system in place that keeps the Masternodes in check or in some way makes sure that the Masternodes incentives are always aligned with the majority of the Dash community (users).
I apparently did not make myself clear enough. Sorry about that. I was not trying to communicate that Masternodes was not tech-geeks. I get that they are.
Yeah, @Vedran Yoweri , that's because it makes no sense.
It's like a restaurant owner that managed to please his costumers so well he became a billionaire owner of a chain of restaurants. All of a sudden, he will buy a top hat and monocle and stop caring about the quality of his food. Then he can just add water to the beer and serve rotten food, as long as he doesn't overdo it.