qwizzie
Well-known member
Problem : masternode budget proposal voting participation is currently too low, this can be observed on below overview's last column (Total Ratio).
https://dashninja.pl/budgets.html
Focus-point 1 :
How to reach more masternode owners with regards to budget proposals to vote on, taking into account the difference in location, language and use of forum ?
Possible solution :
Treat and publish every budget proposal the same way, regardless whether it is originating from the Dash development team or from someone in the Dash community. This means every single masternode budget proposal will need to get published on all available communication channels (Bitcointalk forum, Dashtalk forum, Dashwhale, Twitter and Reddit) and will most likely need to get translated on localized forums by local Dash representatives there as well.
Focus-point 2 :
Once we have reached the masternode owners with regards to new budget proposals, how do we keep them motivated to keep participating in the voting process ? Both for now and in the future ?
Possible solution :
Incentivize masternode owners to participate in the voting system. Current payment schedule is as follows :
45% of each block goes to miners
45% of each block goes to masternodes
10% of each block goes to the decentralised budget fund
Lets say for sake of argument we lower the % of each block going towards masternodes from 45% to 40% and
create a piece of code or a spork that will randomly verify masternodes on whether they have voted
on all budget proposals or not.
If they have voted on a budget proposal it will pay them 5% of the block per budget proposal.
If they have not voted on a budget proposal or reached their max voting reward they get skipped for that 5% payout.
Process :
Code / spork checks random masternodes and finds one of the following conditions :
A : masternode voted on a budget proposal and has not been rewarded for it yet --> it gets 5% of the block as reward
B : masternode voted on a budget proposal but got rewarded already* --> it gets skipped for the 5% block reward
* max number of rewards = total number of budget proposals on which the masternode voted, this means if a masternode voted on 5 budget proposals it will be eligable for 5x 5% payouts, after which it reaches its max.
(this means each masternode will need to build up a voting score, so the system knows if it is eligable for the 5% block reward or not).
C : masternode did not vote on a budget proposal --> masternode gets skipped for that 5% block reward
D : network finds all masternodes voted on all budget proposals (100% participation, highly unlikely but a man can dream ) --> it will deactivate the spork and the 5% flow back to the masternodes
This all could both encourage masternode owners to vote on budget proposals and inspire people
to create new budget proposals.
I'm thinking of asking the oracle part of the masternode network for advice but for now lets first discuss and see where it leads....
https://dashninja.pl/budgets.html
Focus-point 1 :
How to reach more masternode owners with regards to budget proposals to vote on, taking into account the difference in location, language and use of forum ?
Possible solution :
Treat and publish every budget proposal the same way, regardless whether it is originating from the Dash development team or from someone in the Dash community. This means every single masternode budget proposal will need to get published on all available communication channels (Bitcointalk forum, Dashtalk forum, Dashwhale, Twitter and Reddit) and will most likely need to get translated on localized forums by local Dash representatives there as well.
Focus-point 2 :
Once we have reached the masternode owners with regards to new budget proposals, how do we keep them motivated to keep participating in the voting process ? Both for now and in the future ?
Possible solution :
Incentivize masternode owners to participate in the voting system. Current payment schedule is as follows :
45% of each block goes to miners
45% of each block goes to masternodes
10% of each block goes to the decentralised budget fund
Lets say for sake of argument we lower the % of each block going towards masternodes from 45% to 40% and
create a piece of code or a spork that will randomly verify masternodes on whether they have voted
on all budget proposals or not.
If they have voted on a budget proposal it will pay them 5% of the block per budget proposal.
If they have not voted on a budget proposal or reached their max voting reward they get skipped for that 5% payout.
Process :
Code / spork checks random masternodes and finds one of the following conditions :
A : masternode voted on a budget proposal and has not been rewarded for it yet --> it gets 5% of the block as reward
B : masternode voted on a budget proposal but got rewarded already* --> it gets skipped for the 5% block reward
* max number of rewards = total number of budget proposals on which the masternode voted, this means if a masternode voted on 5 budget proposals it will be eligable for 5x 5% payouts, after which it reaches its max.
(this means each masternode will need to build up a voting score, so the system knows if it is eligable for the 5% block reward or not).
C : masternode did not vote on a budget proposal --> masternode gets skipped for that 5% block reward
D : network finds all masternodes voted on all budget proposals (100% participation, highly unlikely but a man can dream ) --> it will deactivate the spork and the 5% flow back to the masternodes
This all could both encourage masternode owners to vote on budget proposals and inspire people
to create new budget proposals.
I'm thinking of asking the oracle part of the masternode network for advice but for now lets first discuss and see where it leads....
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