How can network-wide decisions be made when no one is in charge? Evan Duffield, lead developer of Dash, believes he's coded a governance solution for cryptocurrency. His "two tier", "masternode" model has just been used to decide that Dash's next version will double its block size cap.
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Evan Duffield block size proposal: https://www.dashwhale.org/p/2mb-blocksize
Dash's governance process, more detail: https://www.dash.org/evolution
Dash wiki: https://dashpay.atlassian.net/wiki/display/DOC/Official+Documentation
Further information at Bitcoinist: http://bitcoinist.net/dash-doubles-block-size-in-less-than-24-hours
'Incincerate' by Sonic Youth: https://www.youtube.com/watch?v=rP3ovD8ZSS4
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I really like the virtual corporation or professional atmosphere of dash, but I've seen comments saying there it's a scam and they instamined a lot of dash. It sort of makes me think it's less legit which defeats the purpose of why I found dash appealing in the first place.
+Matthew Reece You are one observant fella! Yes, I'd toyed with that idea myself, but wasn't feeling it this past Friday. More guest hosting is still a probability at The Daily Decrypt, however. There might even be a new one who's considering coming on the show at some point -- her name is Delilah. We'll see if she comes around.
I'm really not a fan of the idea of monetary governance, even (especially?) in a democratic way. I'm a believer in a more Darwinian idea of currency competition, where the best-designed system is adopted based on market demand rather than consensus of a majority or special few. Still, interesting to see these competing altcoins develop. Time will tell which system is the best.
+Backwards I have seen people asking around their forums if the collateral required to run a masternode will be lowered. It will be interesting to see if that happens -- seems like it would build the infrastructure further.
+David de Kloet Yes, precisely, For 10 episodes. And they do pricing in Dash only, so if Dash price fluctuates up or down in relation to something like dollars, the cryptocurrency that's paid out from the blockchain remains the same.
+screwityoutubization If you pay the 5 Dash to submit the proposal, and if the proposal passes the vote, then yes. The Dash blockchain then pays you automatically from its next "superblock." You can see all current budget proposals on a few websites that I know of, like http://dashwhale.org/budget.
+screwityoutubization - I hold Dash and XMR. They hedge each other. Technology speaking, XMR is superior. But who knows what the masses will choose. Always good to diversify as we can't predict the next AOL, lol.
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