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  1. Ryan Taylor

    Consensus Mechanisms

    Yes, definitely a lot more work to introduce a completely new security model... especially when you consider our current model is already highly secure it would be hard to justify such an undertaking. We do need to improve our PoSe scoring at some point in the future to make the network more...
  2. Ryan Taylor

    Consensus Mechanisms

    The long-time "pure monetary" coins like Bitcoin, Litecoin, Bitcoin Cash (whose chain goes back to Bitcoin's origin), Bitcoin SV (whose chain goes back to Bitcoin's origin), Monero are all around now for a long time. As a consequence, their emission rate has already fallen relative to the number...
  3. Ryan Taylor

    Temporary Measures / Quick Wins

    1) I'm not sure if by "this" you are referring to the DIF idea or the idea I posed. I personally wouldn't support the DIF, DCG, or any other entity getting all the "unused" funds. It sets up some weird situations like MNOs voting for things they don't support because they don't want the DIF to...
  4. Ryan Taylor

    Source of Entropy

    If we don't go to PoS, this threat becomes much less relevant toward developing a solution. That said, PoW is not a perfect source of entropy or "randomness". Why? Because technically, a miner could throw away successful hashes in search of one that is more advantageous (such as one that ensures...
  5. Ryan Taylor

    Consensus Mechanisms

    Likely, an MNO wishing to use other's collateral it would simply be part of the ProRegTx. They would probably need to provide 10% or 20% of the collateral themselves (to align their incentives with the other participants to keep the node operating / earning, and to prevent them from controlling...
  6. Ryan Taylor

    Consensus Mechanisms

    To be clear, I'm not proposing PoS. We think it will be a long time before PoS can be made adequately secure. I tried to articulate in the presentation that I gave that PoS was included because it illustrates the maximum extent to which PoW could be reduced (to zero) to demonstrate the maximum...
  7. Ryan Taylor

    Temporary Measures / Quick Wins

    If If we moved to a system that simply deducted approved budgets from the block reward for the following month, the coin supply would be fully utilized either for budget or provided to MNs and miners. In other words, if we did away with the 10% allocation and allowed that to flex and directed...
  8. Ryan Taylor

    Temporary Measures / Quick Wins

    I would be reluctant to make an abrupt change unless the consensus mechanism changed with it. We've seen what happened in the past... unless it changes SLOWLY to allow for market forces to adjust, reward reallocation can have unintended consequences.
  9. Ryan Taylor

    Consensus Mechanisms

    The deterministic masternode list (DML) currently only records less than 5,000 masternodes and was designed for that type of scale. A deterministic holders list (DHL) would probably need to hold hundreds of thousands of records if we had no restrictions on it, a scale at which the system...
  10. Ryan Taylor

    Community Ideas

    The net effect would be less dilution for everyone else (by a tiny amount). It's interesting, but it creates some weird incentives. For example, it means that all holders "net dilution" or the effect of coins being created and "burned" is unpredictable. My share of the currency is dictated by...
  11. Ryan Taylor

    Consensus Mechanisms

    If they happened to base an investment decision on that basis, that is simply a purchase made on the basis of poor rationale. Dash does not accrue value because of the costs it incurs. It is valuable despite the costs it incurs. The costs are necessary to provide security (which is necessary to...
  12. Ryan Taylor

    Consensus Mechanisms

    At least as far as delivering an initial version, I would not anticipate including voting rights. I would be reluctant to include voting rights AND continue requiring 10% net votes for proposals to pass, because I think it's unlikely that a population of 10 Dash collateral holders would vote...
  13. Ryan Taylor

    Minimum Fees

    I assumed that 50% of the transaction fee went to masternodes and that masternodes would value the incremental income in line with historical ROI demanded by the masternode market of about 6.3% (latest number from Q3). I also assumed about 15,000 transactions per day. The math itself is pretty...
  14. Ryan Taylor

    Minimum Fees

    1) I don't think it needs to be perfectly aligned to be effective, at some point you are just splitting hairs and I'd be really happy with 97% accuracy. It also varies with the number of nodes storing the data (you need to ensure the fee is high enough to incentivize "enough" nodes to exist...
  15. Ryan Taylor

    Consensus Mechanisms

    Masternode costs have nothing to do with the value they provide. Costs are not an input to value. The fact that they have high profit margins provides them with the option to not have to liquidate most of their earnings if they don't desire to. Increasing the masternode's cost of operating does...
  16. Ryan Taylor

    Consensus Mechanisms

    I have been reviewing the comments here and in discord, as well as working with our developers to assess various options for the consensus mechanism. There are clearly some very good reasons that both pure PoS and hybrid PoW / PoS would be problematic. There are very good reasons why Ethereum is...
  17. Ryan Taylor

    Community Ideas

    It wouldn't necessarily make Dash a security, but it would push it in that direction as it would add attributes of securities to Dash. Any locking would need to fulfill a purpose / job on the network to fully avoid this treatment (which I still don't think would result in Dash being considered a...
  18. Ryan Taylor

    Community Ideas

    Time locked inputs may be needed for shared masternodes to function, so this is being discussed. Naturally, collateral shares that are locked for longer periods would be more desirable for a shared MN operator to leverage than short-term ones. Because long-locked share would be more desirable...
  19. Ryan Taylor

    Community Ideas

    Delegated voting is absolutely possible today, since the keys for voting are separate and can be changed / revoked at any time. It could take an informal form if well-respected community members proposed their own priorities and lobbied MNOs to entrust them with their voting keys, or it could be...
  20. Ryan Taylor

    Flexible Proposal System

    I struggle to accept the “paid voting” idea, because it is likely to incentivize bad behavior. For example, minutes before the deadline a mno is incentivized to vote without evaluating the proposals. They are rewarded for voting “yes, no, yes, no, yes, no” which actually causes damage to the...
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