Status: Closed — this petition is no longer accepting signatures.
Final supporters
On June 4, 2020, the Dash mining community received surprising news: Dash Currency Group proposed to change the block reward schedule to favor masternodes.
Dash proposed to shift 9% of the block reward allocated to miners to Master Nodes. Dash believes that if this proposal is implemented there will be positive price movement in the underlying token. They believe that the reduction in mining revenue (in Dash terms) will be offset by price appreciation.
We do not think a scatter plot of 22 points can be used to determine the effect of a reduction in inflation. While long term we do believe inflation does have downward pressure on an asset, right now crypto markets are driven by speculation.
While we think Dash takes a unique approach to PoW and PoS (and ChainLocks) in the near term, Proof of Work is the only provably trustless decentralized consensus mechanism. Any further implementation of PoS should be considered highly experimental and should require significant peer review before being considered for mainstream blockchain projects like Dash.
With this new proposal many miners will get hurt financially. Miners who just made thousands of dollars into Dash hardware will have their revenue impacted. This is unfair given that when they made the purchase decision this proposal was not made aware to them.
Miners have been some of the best community members for Dash and other PoW networks. They invest real time and capital into the projects. They usually sponsor and host the a lot of meetups around the world. Losing a large % of these will be bad for Dash as they were valuable community members.
As mentioned only Masternode holders can vote on the proposal. We urge miners to make their voices heard by signing this petition.
Full blog post here: https://medium.com/luxor/dash-block-reward-proposal-62204cf71c96
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5 Comments
Very good reward
dash is such a scam
Not sure I agree with what you are saying, Dash is not implementing POS and is not proposing changes to the way PoW works on the network. I dont recall the last DASH meet up hosted by luxor, did I miss that one where was it again, hogswart? Miners and Masternides alike invest capital and time in Dash. This is a phased approach its not going to switch block reward overnight it will be gradual. Dash needs more layer 2 support as it ramps up for dapps and data contracts its alocating resources where it needs to grow next.
Uruguay
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Status: Closed — this petition is no longer accepting signatures.
Final supporters
On June 4, 2020, the Dash mining community received surprising news: Dash Currency Group proposed to change the block reward schedule to favor masternodes.
Dash proposed to shift 9% of the block reward allocated to miners to Master Nodes. Dash believes that if this proposal is implemented there will be positive price movement in the underlying token. They believe that the reduction in mining revenue (in Dash terms) will be offset by price appreciation.
We do not think a scatter plot of 22 points can be used to determine the effect of a reduction in inflation. While long term we do believe inflation does have downward pressure on an asset, right now crypto markets are driven by speculation.
While we think Dash takes a unique approach to PoW and PoS (and ChainLocks) in the near term, Proof of Work is the only provably trustless decentralized consensus mechanism. Any further implementation of PoS should be considered highly experimental and should require significant peer review before being considered for mainstream blockchain projects like Dash.
With this new proposal many miners will get hurt financially. Miners who just made thousands of dollars into Dash hardware will have their revenue impacted. This is unfair given that when they made the purchase decision this proposal was not made aware to them.
Miners have been some of the best community members for Dash and other PoW networks. They invest real time and capital into the projects. They usually sponsor and host the a lot of meetups around the world. Losing a large % of these will be bad for Dash as they were valuable community members.
As mentioned only Masternode holders can vote on the proposal. We urge miners to make their voices heard by signing this petition.
Full blog post here: https://medium.com/luxor/dash-block-reward-proposal-62204cf71c96
5 Comments
Save the reward for the miners, dash masternodes make enough as it is in returns and they don't support the network normally with any mining just buy coins setup masternodes and sit on them. I would love to know how many masternode holders actually care about Dash as they do their rewards. Miners spend far more on equipment and electricity costs and got it where it is today. Please don't pass this stupid adjustment. Maybe see how well your network fares when everyone moves away as it's not worthwhile to mine. Any gains they think they will make they will lose more in miners. Last I heard masternodes don't generate blocks.
Very good reward
dash is such a scam
Not sure I agree with what you are saying, Dash is not implementing POS and is not proposing changes to the way PoW works on the network. I dont recall the last DASH meet up hosted by luxor, did I miss that one where was it again, hogswart? Miners and Masternides alike invest capital and time in Dash. This is a phased approach its not going to switch block reward overnight it will be gradual. Dash needs more layer 2 support as it ramps up for dapps and data contracts its alocating resources where it needs to grow next.
Uruguay
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Save the reward for the miners, dash masternodes make enough as it is in returns and they don't support the network normally with any mining just buy coins setup masternodes and sit on them. I would love to know how many masternode holders actually care about Dash as they do their rewards. Miners spend far more on equipment and electricity costs and got it where it is today. Please don't pass this stupid adjustment. Maybe see how well your network fares when everyone moves away as it's not worthwhile to mine. Any gains they think they will make they will lose more in miners. Last I heard masternodes don't generate blocks.