stop dash from getting burned

Stop coins from getting burned every month

  • Yes

    Votes: 12 52.2%
  • No

    Votes: 11 47.8%

  • Total voters
    23

I_am_cuul

New Member
Nov 19, 2016
3
0
1
28
Don't mess with coin creation. Predictable coin creation (inflation) is what allows crypto to maintain its value.
While I do agree, Dash has another variable related to the coin supply: the burn rate. Because the number of proposals per month will change it's harder to predict the final coin supply. One might argue that allowing the DAO to resuscitate burned coins would lead to a more predictable coin creation rate.

Having said that, we could still get a pretty good idea of the coin supply by watching the trend of the number of proposals submitted each month, so it probably doesn't really matter if we bring back burned coins!
 

Leonidas

Active Member
Oct 22, 2016
395
142
113
so it probably doesn't really matter if we bring back burned coins!
I think it does as a public communication point of view. Imagine headlines : "DashCore ressucitate coins in order to get more money... " looks shady to me.

We should definitely stick to how the dash system is working right now : every coin not created is burned, that's why it's important to create every coin to spend them or to stash them.
 
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Reactions: akhavr

lynx

Active Member
Dec 11, 2015
364
250
133
so it probably doesn't really matter if we bring back burned coins!
It does matter. We need users and investors to trust us and we do that by never changing the rules that govern the amount of coins we create.
 
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Naruto

Member
Dec 26, 2014
176
89
88
I agree, this sounds like a great idea. The nice thing about it is we don't need to implement it now since we are still spending less than we create. 5 or 10 years down the road it shouldn't be too hard to look back in the Dash budget history and count how many Dash were never created and then to allow the DAO to create some of these funds when proposal costs exceed the current monthly budget. This way there's no way to hack the funds because, like treasury funds, they will only be created when they are needed.

So we can probably put off this idea until we need to spend more than the monthly budget allows.
I thought about that too, but I just wondering if it will be too difficult to implement?


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Dash_Events

New Member
May 7, 2017
6
2
3
31
Would agree that predictable and transparent coin inflation is one of crypto's killer apps.
 

MrGold

Member
Jan 29, 2017
67
7
48
Don't mess with coin creation. Predictable coin creation (inflation) is what allows crypto to maintain its value.

https://en.bitcoin.it/wiki/Controlled_supply
The suggestion to create the coins up to the 10% portion that were not created first time around is still close enough to predictable IMO. It's not like we're proposing to bring coins into circulation in a compound interest fashion a the whim of a politically influenced committee.:)
 

Dashmaximalist

Active Member
Mar 16, 2017
1,008
247
133
37
maptags.in
5000 dash worth $7 million will die , will get burned

why are MNOs so callous about this ?

Imagine if we spent this money on marketing ? how many millions of new people would be aware of dash.

we need to lower the fee at the least , if not we are stopping so many entrepreneurs from posting proposals intentionally.

we need to act immediately to stop this horror.
 

ElDash

New Member
Dec 13, 2017
28
16
3
44
Ireland
www.linkedin.com
Is there some way to access the quality of a pre-proposal, and if it looks of a good quality, to allow the proposer the return for the 5 Dash if the proposal is not approved when it gets voted on?
 

Dashmaximalist

Active Member
Mar 16, 2017
1,008
247
133
37
maptags.in
Is there some way to access the quality of a pre-proposal, and if it looks of a good quality, to allow the proposer the return for the 5 Dash if the proposal is not approved when it gets voted on?
Thats too complicated . just drop the proposal fee to 0.1 dash to begin with ...