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Great discussion Boleh. I'm not technical so I don't fully understand how the code is going to be done, but if you think about it, the new system is not that much different than the present one. Consider that we have a Core Team which receives 1176 DASH per month. The money goes to one of Evan's...

Actually, the official argument from Core is that Dash is anonymous. Period. If you don't think so, then prove it. Here's a start for you: https://bitcointalk.org/index.php?topic=421615.msg14195259#msg14195259 You want to talk about trusting masternodes? Read the whitepaper and find out how...

You created something and then used somebody else's money to build it up, advertise it, and grow it. By any definition, the Slack is at least partly owned by the Dash Network. That, my friend, is how "the real world works." This, of course, is no surprise. But understand this: masternode...

I concur. Please return all funds you have received from the network, and then do what you wish.

Just echoing what @eduffield is saying, eventually it's inevitable that we'll have people VOLUNTARILY delegating their votes to third parties. This month we had 26 proposals to vote on, which is manageable. But what happens when the price of Dash goes higher and higher, and suddenly we have 2600...

@fernando and @Solarminer have it right...it's impossible to make a report mandatory by way of code, but it can be done by convincing masternode owners to alter their votes based on whether a report has been submitted. Perhaps you could circulate a petition among masternode owners? A document...

It's hard to say, since each masternode earns a significant passive income as well. I'd be okay with $1000 DASH and $15,000 or so per masternode per month!

As usual, OP has a great idea for a thread and can't develop it because of arguments and bickering. I swear this place makes BCT look good...

While I agree that InstantSend is a critical feature and one of our most important ones, let's not exaggerate. Litecoin has no PrivateSend, no budget system, no second tier which can be used to do different things in time, and essentially no active development. Honestly, if I had to pick one...

Absolutely kot, you have my votes! Amazing opportunity to get some exposure. I'm sure there will be naysayers, but I'd like to encourage everyone to remember: we could have the best cryptocurrency in the world, but if nobody knows about it, it will never gain value. Does it do anybody any good...

The biggest surprise I got from this entire thread is that there are actually people who don't have TheDashGuy and Camosoul on ignore. Typical behavior is typical...and ignored.

Just because I'm bored: a) A budget proposal, if passed, is not able to confiscate DASH from its existing holders and distribute it to new holders over time. Nor is a budget proposal, if passed, capable of changing the emission rate. So, even if passed, there is no way to create this change...

Then why couldn't I hire 100 lawyers (or better yet, just 100 regular actors) to go present my public keys in my stead?

I don't think you're going to get many masternode owners to agree to such a system (I'm certainly not traveling somewhere with my private keys to receive "permission" to vote!). Still worse, however, is the fact that a government or a competing organization could simply kill/arrest/kidnap/steal...

The 1000 Dash (and the 10% threshold) are both hardcoded arbitrary numbers, I agree. Technically 10% net votes is simply the minimum threshold to pass, which works fine if the budget isn't full. If the budget is full, then the actual threshold is NET VOTES OF LEAST SUPPORTED PASSING PROPOSAL +...

True, the masternodes can decide to change the system. But why would they vote to take power away from themselves? Sybil attacks are avoided by requiring ownership of 1000 DASH per vote...even a person like Otoh with $4.5 million in DASH only has about 10% of the total votes. The number of...

The system is designed so that 1 masternode = 1 vote. It's not intended to be democratic (1 person = 1 vote). That's the way Proof of Work consensus functions as well, in that 1 hash essentially equates to 1 vote. Let me give you an example: let's say that that budget system was somehow changed...

I think some people are thinking that we are just asking these lawyers for their advise and hoping for the best. What you may not realize is that a "legal opinion letter" is actually a formal document and is heavily relied on in business transactions. See...

The big problem with PoS is the "nothing at stake" problem. In the event of a fork or doublespend event, all nodes are incentivized to vote for all possible competing versions of the blockchain. Nothing is at stake--there is no cost to continue forging on every possible chain. With PoW, you have...

Core Team always saves about 20% of the budget for community-proposed projects. If it looks like there will be unused budget funds 3-4 days before superblocks, Ryan Taylor will put up more Core Team proposals to allocate the money.