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