Quote from: TanteStefana2 on August 29, 2015, 02:26:38 AM

Quote from: hogwild on August 28, 2015, 09:55:08 PM

Thanks for that. So if I make a certain amount per month to cover my expenses for running the MN, if I vote to approve all the budget proposals I will have 50% less per block, how many blocks per MN will be needed?

Hi,

Just to be clear, what is happening is already in the code of the upgraded wallet. When we hit a certain block, which should be on September 6th, I believe, the payouts will drop 10%. 5% from masternodes and 5% from miners. At that point, the coins are not produced. Instead, budget proposals that are approved via voting by masternodes, will be paid once per month. The payouts can not exceed the 10% rewards that were held back (or really not produced) So when the time comes for the blockchain to pay out the block rewards, the rewards come out as "super blocks" and are paid directly to the project owner. We tested this, and proposals that went beyond the budget couldn't be paid.

So anyway, if we don't vote for any project proposals, or if we don't fill (or spend) our allotted coins, those coins are gone forever. So voting yes will not cause you to keep more coins, you'll only ever get 45% of the rewards one way or the other. Essentially, this payment by blockchain system is going to reduce the number of coins mined due to unused (unproduced) coins. I doubt we'll be able to make the blockchain budget available fit exactly to budget proposals approved all the time.

Thanks for the further clarification. I like the idea of separating my vote from the risk of personal economic loss though I find it interesting that coins could be lost. Too bad they can't be put into escrow for when they might be needed. Perhaps we can vote the remaining funds into an escrow budget fund (not sure if that is possible).