Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
by
patrolman
on 16/09/2015, 23:07:27 UTC
I would also target as a highly important aspect of this system, not mentioned in quote; Decentralized Donation.
The giving back and committing to a better world is something that also is key in mass adoption and has the benefits of a multitude of partnerships of minds thinking of a better vision.

I would propose a budget vote for:
   - Setingt up permanent masternodes never to be touched and rewards donated for whatever well intended acts.
Maybe saving a panda or providing free servers for masternode users. Personally the thought of paying even if it is just a little is bothersome. Providing a service for covering server costs would be nice.
Maybe reimburse lost coins, kickstarters, lottories, marketing, scaling and all of the benefit of a more spread and secure network with more reliability.
Wooooh.  Let's not think of DASH like a fiat currency controlled by an appointed republic acting like they are saving the world that can print as much as they want while inflating away value while digging a deeper debt hole.

There are already some charity projects.  Charitycoin, 2givecoin, etc.  You can see how well they are doing, but it isn't like they are getting top 100 on coin market cap.  Startcoin is another coin tailored for kickstarter projects.

1000 DASH for a masternode is much more valuable to spend today when you think about promotion, development, exchanges, etc - rather than distributed over 5-6 years of payments.  Of course, I totally could be wrong, and masternode paying panda saving and free server proposals could start getting approved left and right.  Submit a proposal and let's see what happens.

It would be great if there were some way to vote periodically on the charitable projects to benefit from the Masternode payments, I suppose it could be done by asking Masternode owners to vote with a budget proposal seeking 0 Dash (I don't know if that's even possible). The downside is it would cost 5 Dash to lodge the proposal, so the reimbursement would probably have to come from the Masternode payments. [edit] I suppose you could even lodge the budget proposal and ask for the 5 Dash in funding though that wouldn't be ideal because the Masternode wouldn't be self-sustainable then.[/edit]

I don't think paying for server costs is necessary at all. If Dash increases in value, which I'm sure many here are hoping for, the profits for Masternode holders will be even greater than they are now. I think there are definitely better uses for the funds than this.