Don't do that crowning! I have only so much maturity before jealousy kicks in, LOL.
There are very subtle differences in emphasis there but huge differences in outcome. If you get your priorities wrong you end up with no more than a distributed bookeeping system that increments a number in one private account and decrements it in another private account like the fiat banking system.
Bitcoin defined electronic "money" as distinct from "currency". The difference is that money is a base asset (like precious metals and stones) whereas currency is the certificates or "numbers in an account" that represent that underlying asset. You can't therefore mess with the bitcoin model other than very subtly without knowing what you are doing and understanding how your are affecting the value proposition at all times.
In that link above I cite an example of the approach that I think didn't do that and threw the baby out with the bathwater in the over-obsessive pursuit of a non-monetary property.
For every 800$ sold, there has to be 800$ in for the price to stay the same. So in 1 week at least 5600$ of fresh money has to flow in otherwise the price will go down. This is like a sell off pressure. So if a guy sells his coins like weekly this creates a big sell pressure. Actually owing 600 nodes is a big of a deal, as the person gets 10% of all mined coined (considerign MN count is 2400 and MN reward is 40%). So a single person is getting ~10% of all newly mined coins... Looking at his MNs, the coins are not being accumulated - this means he/she indead does sell off. This kinda sucks...and if a price of DASH goes up, so does the sell pressure. So this is a true wale on whose mercy the whole DASH project stands... Like this person could just screw over DASH so badly, he could kill this project with so many coins in his hand... I dont like it. Can it be that the info is not correct and there is no such person owning 600 MNs...?
P.s. Assuming the information is correct. Hope it is not correct!
eduffield said:Self-sustainable Decentralized Governance by Blockchain