Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
DASH wasn't the first self funding blockchain LOL
https://bitcointalk.org/index.php?topic=657601.0
Might want to correct the OP guys. That's misleading.
https://bitcointalk.org/index.php?topic=657601.0
Might want to correct the OP guys. That's misleading.
Well, I might be missing smth - where is it exactly?
Quote
Developer Commission: Built into the protocol levels, gives a small decayed amount to developer addresses every block [~1 Niro] over 10 years amounting to a total of ~2.5% after 10 years, and starting at ~1.5% as a way to bring the benefits of pre-mines, without the risk to investors. This means developer account has no control over the currency as it will never be of a high enough %, but it allows funds to be distributed to development removing need for corruptible foundations such as the Bitcoin Foundation which was spawned to cover developmental costs.
This ^^^?That's not a self-funding blockchain, that's a blockchain that sends funds to some predefined addresses of some (initial) developer(s) which is yet another form of premine/ico/etc and nothing more imo. To change these addresses you need to hardfork which is not very flexible way of funding, you know
source:
tx output in coin generation: https://github.com/Nexusoft/Nexus/blob/master/src/core/mining.cpp#L687
developer addresses hard-coded values: https://github.com/Nexusoft/Nexus/blame/master/src/core/global.cpp#L130 (these addresses never changed since initial commit)
So imo it's not self-funding, not at all.
Next thing is "first". Let's see. "Initial commit" https://github.com/Nexusoft/Nexus/commit/682227eeff811b72c284b4326b981e94c0beb00a authored on 29 Jul 2015. Compare that to "Reference Node / Stubbed Out Budget System" commit https://github.com/dashpay/dash/commit/969826c249195c731e0ab46ad2d8375fe6f78ed7 which was made on 22 Apr 2015 and outlined a way much more flexible and complex system than simply adding a round-robin of 10+ hard-coded dev addresses to coinbase transaction.
So rather you statement is misleading, not the OP imo.
