Recent content by Bits

Hey just checking out your fundchan.com website, do you have a promo code for us to get started with a confirmed account?

Hi! I'm a long time holder of bitcoin. Broke my laptop trying to mine the stuff back in the day lol. I haven't been very active in the bitcoin community but now that I "popped my head up" I realized I need an alternative for long term savings. Dash looks promising! I like the voting mechanisms...

The amount of coins created through rewards can't be changed though right? only the allocation of the 10% treasury? Could they change the 45% miner 45% node 10% treasury percentages for each with a vote? If there was a hard fork decision that had to be made would it be up to the voters or...

I agree. Though there really is no way of knowing if a just few of the founders already control most of the decisions. Not that that's even a huge issue only a few people actually have a real say with anything bitcoin. here at least those who are voting we know have invested interest per vote...

Hi! thank you for that answer I appreciate it. So theoretically if someone managed to get 51% of the masternodes they would essentially be the controlling owner of the "company".

Could ppl who own multiple thousands of Dash operate a few nodes and vote more than once? If so I see this as a long term problem where the very wealthy will be able to control the currency decisions and those too poor cant vote at all. Kind of like the issues with a poll tax...

Then someone can run hundreds of corrupt node just to mess with the system. By requiring a barrier to entry it makes sure the person has an invested stake in Dash. Though I think considering the price hike it should be lowered to like 500 Dash or somthing