Separate names with a comma.
Please sign up to discuss the most innovative cryptocurrency!
Discussion in 'General Discussion' started by demo, May 8, 2016.
I think this means that once proposed, the fee is taken from the proposal onwer.
But where are those fees going ? To the budget? This is my question, and I think this is not clarified in the link you provided.
i believe they are burned as any leftover budget is too
Burn the leftover budget, instead of giving it to a universal dividend? This is a crime!
And how do you burn it? Is it possible to burn dash? And why do you burn it, is there a theory behind? I still cant believe you burn dash, so I am asking again. Does this budget leftover (along with the proposal fees) maybe goes back to the next budget, or to the masternode owners, or to the miners, or to the core team maybe? How is it possible and how is it rational to burn it?
Maybe I have a lot more things to read. Well if it is a case of proof of burn, and if you burn dash similar to the way bitcoin is burned (and I want a confirmation on that for someone who knows), then burned dash somehow goes back to the miners, because "Burnt coins are mining rigs!". Burned bitcoins can be tracked here. Were can we track burned dash?
I think I discovered an interesting quote.
So this is where the leftover budget goes. It is not burned as @tungfa claimed.
So the question is now, where is this account that receives all the leftover budget (along with the proposal fees)? And what group of people manages it?
If there is a small group of people which manages all the leftover budget, is this intervention in a free capitalistic system, is this statism or not? It is @raganius I am asking.
I think there is a conspiracy here. Some hidden people are getting all the budget leftover into a hidden account, and they will allocate it to the universal dividend one day.
Let me quickly summarize (because I hardly believe in what I read here and in fact that anyone is trying to discuss this topic - even for fun):
You had no idea about the difference between Dash and Dashcoin
You don't have even 5 Dash to submit the proposal (actually you have none)
You don't know how to safely buy Dash
You don't know how to safely buy Bitcoin
You have no idea how our DGBB system works
It looks like you are a complete ignorant if talking about the crypto-economy and crypto-currencies
You have no idea about the real socialism and socialistic economy (I had a "privilege" to live in a socialistic country for 15 years, so I can consider myself quite experienced - what you wrote here is a theory that does not work)
... and considering all of the above you are perfectly sure that you know better what WE need and how OUR crypto-currency project should be developed. Even more interesting - you propose socialism as the only proper way to develop Dash economy.
Did I miss anything?
Interesting find... I didn't know that...
[ot] BTW, I love your country. You're priviledged
Well... It depends on which country you were thinking about and even more important: what time?
that's what I mean... good memories ^^
1.- I don't like lists of people who vote whatever. This is not the mood in our community.
2.- You don't even know the name of our currency. Dashcoin is the name the usual trolls in bitcointalk use to discredit us there.
Sorry, I love the debate about Dash, but you rised several troll flags.
Let me be clear: Put your proposal to vote, and let's see what people think for real. You can also fork Dash, bulid a community and make your own perfect socialist currency.
I removed the list of people, and I made a line of people. Do you think is better?
Seriously I did that in order to rise the anonymity flags and bells, which I think are somehow low nowdays (e-mail for the evolution, public IP adresses for masternodes e.t.c)
I will put my proposal to vote, just be patient. I have to write a draft, because the task is not that easy.
For example I discovered two condition in order for a number to be able to be voted. And I am investigating if there is also another condition needed.
And now that you know it, what is your comment?
So you know the usual trolling argumentum. Good to know who you are. At least, be brave enough to troll properly
As you can imagine, I don't give a damn
Do you maybe give a damn about where the leftover of the budget goes?
Sorry, I don't want to follow in this conversation anymore. I have better things to do with my time instead of talking with a cowardly troll
Good luck with your life
The fact that people still respond to this thread is nothing short of mind boggling.
There are obviously a lot of questions pending in this thread, that have not been answered.
Like the last one for example, which you diligently refuse to answer.
They've all been addressed. There is only you bumping this thread ad nauseum simply not accepting the answers given to you.
Please stop it.
You are the one who is bumping the thread, in order for the questions to be hidden.
Like the last one for example, which you diligently refuse to answer.
Please stop bumping ans answer to me if you know.
Me?? Dilingently refuse to answer?
See, you're being a troll as this has never been addressed to me. First time I read about it.
From the total DGbB budget, any left over budget that is not allocated simply does not get mined. Period. Coins are not created.
Please stop it.
Thanks for the answer, but I am not entirely happy.
What do you mean by "any left over budget that is not allocated simply does not get mined"?
I thought that the allocated 10% is something already mined. I thought that for every 100 dash mined by the miners, 10 dash are given to the budget. Am I wrong? Is it something I dont understand? How can you base a budget on something not mined yet? And even in case you base your budget in a future mining, the problem still exist. Suppose you decide a budget of 5%. And in the future miners mine 100 coins. How do you share them among miners and masternode owners (taking into account of course that the budget is predicted 5% and not 10%)
And what about the proposal fees? Those fees are certainly mined, so where are they going? I am about to give 5 dash for a proposal, and I want to know where those dash are going.
And finnaly, dont you think that your answer contradicts with this:
"If there is money left over in the budget, the system will also support proposals for moving money into a “savings” account managed by a group of people."
Holy effing hell.
I doubt you ever will.
Yes, you are wrong. One thing is budget allocation, the other is proposal payout.
Yes, it's something you don't understand. Therefore the second question does not make sense
The proposal fee is something the proposer pays from his own pocket. It's a small fee that exists to prevent spamming the system. That 5 Dash fee does indeed get burned, though it is usual for people to ask for a reimbursement of this fee in the proposal itself.
Please refer to this document for an in depth explanation.
This is not a satisfying anwer, I think you avoid to answer me.
If the 5 Dash fee gets burned, then where is the proof of burn?
And finnaly, dont you think that your answer "any left over budget that is not allocated simply does not get mined. Period. Coins are not created." contradicts with the above (written in the official docs) : "If there is money left over in the budget, the system will also support proposals for moving money into a “savings” account managed by a group of people."
Like I previously mentioned, I doubt you ever will. I answered directly at your every remark. How is that avoidance?
On the blockchain. That's why it exits. To prevent fraud.
Here is an example of the proposal fee I submitted. (but was not approved unfortunately)
Not at all. No one has ever proposed a "savings account" so that never happened. "The system will support" - that doesn't mean it happens, or has happened, but we hope it will happen. IMHO it's a shame to see those funds not being used.
Quite curiously, I've been working on such a proposal that I will release soon enough.
@yidakee thanks for your attempts to answer to my many questions.
But could you please give me a detail answer on this also:
Finnaly I cannot see a proof of burn for the 5 dash fee. Is this red one the proof of burn?
A proof of burn means that the 5 dash are given to a dummy dash address that has a special public key from which it is prooven that it is impossible for a private key to be discovered. Which means that it is impossible for the money to be reimbursed. So which is this dummy dash address? The red one?
And I thought I was paranoid.... damn bro stop smoking the sativas! They are making you look over your shoulder ever 10 seconds!
Honestly though, is this crazy @demo guy onto something yet or still being an uber-professional-troll?
Perhaps a fitting end for a capitalist ???
Yes, but total ignorance is fascinatingly amusing ! It's perhaps a weak point in my character. Also, I laugh at shabby jokes and must admit to watching too much MSM TV, which we all knew long ago is a farce and meant from it's inception to sway public opinion.
This particular troll does not seem to have any of the nasty habits some others do, so it's engaging, to an extent.
I am learning quite a bit from the common sense responses and rebuttals presented to the poor troll who is obviously incapable of learning.
I must admit, if some person of intelligence to write code to implement socialism on the Grand scale, where profit were to be equally allocated, and delivered to each and every inhabitant of our planet on a defined, periodic basis, I would be in line to contribute 1 usd fiat in exchange for such an altcoin.
Socialists out there may construe this as my pledge ! Voluntary pledge, that is !