Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Terracoin 1.0 (TRC)
by
hanzac
on 25/02/2016, 03:31:32 UTC
I will set up a poll about merge mining!

I was under the impression that merge mining was already decided. Changing this due to one or two persons not understanding how merge mining works does not set a good president, plus people are not likely to vote for something they do not understand.

I have mined TRC for a long time now, but it has remained stagnant due to a lack of bringing anything new to the crypto table - it just doesn't have anything to entice miners to it. Enabling merge mining will change this. Personally, I want this coin to grow, but if it stays the same - that's OK too, but it will remain stagnant in it's current form unless merge mining is enabled.

We can vote by block chain. All voters who support to add the feature (merge mining) can send a tiny amount of TRC (e.g. 0.01) from their TRC holding address to a fixed address.
Finally, we calculate the total weight (TRC holdings) that support this action by analyzing the transactions made to the fixed address.
If the support percentage can be more than 50%, I think it's O.K. for carry on the action.

However, to be more accurate, if lots of TRC holders are not active participants. We need to add another rule.
All voters against the feature (merge mining) send a tiny TRC to another fixed address. Then calculate again the total weight.

If SupportWeight > AgainstWeight, then we carry on the action.

How about this, I think this is quite fair.