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  1. Geert

    Dash Economics Discussion Series

    What about the idea of keeping miner rewards fixed and letting the unspent treasury accrue to masternodes only. Your plan of letting miners share in the unspent treasury adds unnecessary uncertainty for them and dilutes the basic idea that masternode owners can directly benefit from being...
  2. Geert

    Dash Economics Discussion Series

    What is the plan for implementing the 0% to 20% treasury? Would this be phased in over time or done all at once? If all at once, would it be done ASAP or after some milestone relating to the reallocation of mn/masternode rewards?
  3. Geert

    Consensus Mechanisms

    I have a prediction: In order for Dash to scale with the proposed feature set, masternode quorums will have to be employed as the block emission mechanism. This would allow Dash to deprecate IS locks completely, which are too expensive and limit scalability. Masternodes will have an increased...
  4. Geert

    Flexible Proposal System

    Regarding Ryan's masternode shares idea. I was initially impressed with this. But now I have some reservations: 1. Is this projected to result in less actual reward (in USD) for existing masternodes.* If so, why would MNOs approve such a move? 2. I often say, "The purpose of Dash is not to fill...
  5. Geert

    Flexible Proposal System

    I liked Ryan's idea about reducing miner reward -- my only comment is why must we move at such a glacial pace? We can't move one percent per month?
  6. Geert

    Flexible Proposal System

    Another, simpler way to implement this would be to modify the amount of Dash required for each type. For example, a voting masternode might need to stake 1,050 Dash and a non-voting masternode might need to stake only 950 Dash. Masternodes staked with 1,000 Dash would become invalid. Doing it...
  7. Geert

    Flexible Proposal System

    Two things: 1. I would like to see the treasury simply increased to fifteen percent of the block reward. Otherwise, you burden the MNOs with more things to argue over each cycle. 2. We may want to eventually have TWO CLASSES OF MASTERNODES. One that has voting power and one that does not. The...
  8. Geert

    Temporary Measures / Quick Wins

    I got the impression from Ryan's presentation that we already have too many masternodes. Therefore... 1. Do we currently have too many masternodes and do we know the optimal number? 2. If we have too many, what can we do to lower or cap this number? 2a. Can we increase the number Dash...
  9. Geert

    Consensus Mechanisms

    Short term: reduce mining rewards to 10% incrementally. Long term: Figure out a way to repurpose some MNs or use MN quorums to emit blocks. MNs are already POS nodes. The only impediment to this is the reliability of the MN network, and that can be addressed mainly by throttling IS locks if the...
  10. Geert

    Minimum Fees

    For a while, I was convinced that we needed to go back to charging extra for IS. I thought this was necessary because IS locks are a limited resource. There are only so many that can be created per second before the MN network becomes overwhelmed and other MN services are impacted negatively. I...
  11. Geert

    Minimum Fees

    My gut tells me the right fee for a normal Dash tx is about five cents. We are attempting on-chain scaling, and IMHO, that rules out micro-transactions. Compared to Venmo and Paypal, a five cent tx fee is miniscule.
  12. Geert

    Minimum Fees

    I wish we could adjust fees with a spork-like mechanism. Right now we need to release and deploy a whole new version of the software in order to adjust fees. I don't think oracles are reliable enough to be used as a basis for setting tx fees on a blockchain.
  13. Geert

    Consensus Mechanisms

    Here is a thought experiment for a solution where LLMQ quorums emit every other block with POW backup: There is a new quorum type, one designed to emit blocks. There are three of these quorums active at any one time. Every other block, the network will only accept a valid block as having been...
  14. Geert

    Dash Core v0.14 on Mainnet

    Say hello to my little friend... https://www.node40.com/hosting/
  15. Geert

    Attention Dash Masternode Owners: Please register with the Deterministic Masternode List now

    I would say that if DCG delays the spork activation, it's because v0.14 testing will take a whole month at least and it really won't affect the overall schedule. Or maybe it's because it's not fair to the hardware wallet people who are struggling to update. (One reason I hate hardware wallets...
  16. Geert

    Attention Dash Masternode Owners: Please register with the Deterministic Masternode List now

    Masternodes are a herd. A smart herd, but a herd nonetheless. DCG has got to lead the herd, not be led by them. Also, it should be remembered that we are currently in 15th place on coinmarketcap.com. If we were in the top five, I would be a bit more relaxed about decisions potentially affecting...
  17. Geert

    Attention Dash Masternode Owners: Please register with the Deterministic Masternode List now

    I would much rather have had DCG say that on March 8th, they will make a decision based upon the percentage of masternodes upgraded (must be at least 50%), and the rate of upgrades, and also taking into account how delaying the activation by a month could affect the project's critical path...
  18. Geert

    What's this Trust Protector thing all about? Let's meet them and chat about Dash stuff.

    The only obvious choice on the list for me is Perry Woodin. Everyone else I need to investigate. I hope Dashwatch creates a convenient way for us to review each candidates credentials. Anyone who does not believe DCG is doing an awesome job at the moment should be considered "reality challenged"...
  19. Geert

    v13.0 Testing

    If it's any consolation, the testing work you are doing is greatly appreciated. Many people are counting on you! They are probably doing it this way because of the intense pressure to get this release out the door ASAP. They are causing testers to bear more than is usual in an effort to...
  20. Geert

    Announcing my departure from Dash Core Group

    Congratulations and thank you Andy. I have one question for you though. Since learning about deterministic masternode lists and masternode quorums, I have become obsessed with the idea that Dash may one day be able to use masternode quorums to create blocks, and thus retire the current POW...
  21. Geert

    Masternode Operators: Sentinel Hotfix (Action Required)

    I'm scared! Where's Evan? Can Evan come back?
  22. Geert

    v12.2 Testing

    This issue is limited to the wallet code I am assuming. Can we address this little wart in a minor release after 12.2?
  23. Geert

    12.1 Announcement / Finalized Date / Project Update

    No Improvement in Congress Approval, at 13% http://www.gallup.com/poll/189848/no-improvement-congress-approval.aspx I rest my case :)
  24. Geert

    12.1 Announcement / Finalized Date / Project Update

    Let's assume for the moment that you are intelligent enough, knowledgeable enough, and wise enough to have good ideas about where Dash should go from here. What about all the other masternode owners? They have a vote too, and they might be swayed by people who are stupid or malevolent.
  25. Geert

    12.1 Announcement / Finalized Date / Project Update

    Dash is a complex, innovative software product in early stage development. The roadmap for that development cannot be formulated democratically by the potentially thousands of people who own masternodes. That would be a disaster.
  26. Geert

    12.1 Announcement / Finalized Date / Project Update

    Bwah ha ha -- there are forces out there that are quite terrified of Dash. We're winning!
  27. Geert

    12.1 Testnet Testing Phase Two Ignition

    I was thinking you could send the 5 Dash balance back to yourself as change, but maybe that would defeat the purpose of PS!?
  28. Geert

    12.1 Testnet Testing Phase Two Ignition

    The algo actually would work best first examining the hundreds, then the tens, and then the ones, and any case where there is not enough bills, you simply bump up the next highest denomination, and then stop.
  29. Geert

    12.1 Testnet Testing Phase Two Ignition

    Let's imagine you have monopoly money in denominations of ones, tens, and hundreds, and you need to pay someone 705. I think that is analogous. Your goal is to send bills such that you receive the least change (zero change is best -- i.e, exact amount). So you start looking for ones to fulfill...
  30. Geert

    12.1 Testnet Testing Phase Two Ignition

    The algorithm that selects PS inputs needs to be tweaked. IDK if that's a showstopper. Are we on track for Jan 1 release?
  31. Geert

    Budget proposal: Change of X11 mining algorithm because of ASICs

    We need to wait and see. Coinmine.pl is mining 60% of the blocks. Maybe ASICs will change that.
  32. Geert

    Budget System v2 / Transform PR

    Mon′day morn′ing quar′terback n. a person who offers hindsight solutions to problems already faced by others. [1940–45] If proposals pass and they don't work out so well, so be it. We learn by failures -- not successes. To have people second-guessing every passed proposal in real-time is a...
  33. Geert

    Budget System v2 / Transform PR

    So here is how they did direct democracy in ancient Greece: A subset of the citizens were selected to be "legislators," and a proposal was put before them. One eloquent person was selected to argue the FOR and one eloquent person was select to argue the AGAINST. At the end of the speeches the...
  34. Geert

    Budget System v2 / Transform PR

    So you want a thousand masternode owners to try to evaluate whether the PR company is doing a good enough job and come to a consensus? That can't work. Also, you must remember what Voltaire said... The best is the enemy of the good. Dash is succeeding because it's providing "good enough"...
  35. Geert

    Budget System v2 / Transform PR

    At this point, we have to trust Evan's judgement. He's in the best position to know what needs to be done, what is working and what needs to be changed. If you don't trust his judgement, why are you holding Dash?
  36. Geert

    V12 Release

    I have been wondering about this. What is Dash plan for mitigating this kind of attack?
  37. Geert

    V12 Release

    Thirteen is an unlucky number in the West, and fourteen is unlucky in the East, and therefore, the next Dash release should be fifteen.
  38. Geert

    V12 Release

    If Dash appreciates till it's worth as much as BTC, and people clue into the fact that they can run several masternodes and live comfortably off the proceeds, masternodes may eat up most of the available Dash. Also, if there are too many masternodes, will that hamper the network's ability to...
  39. Geert

    V12 Release

    Will there ever come a time when there are no more masternodes allowed? Has anyone put any thought into this?
  40. Geert

    V12 Release

    Thank you for responding! First off, dashninja is a little wonky lately -- I usually have to load the page that details the MN, and then refresh the page to get it to display anything. Dashnodes works better... I'm using a hosting service, so I am at their mercy if my MN goes offline and I have...