Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Ħ [HODL] Nutocracy Motion - Only HOdlers May Mine?
by
FreeTrade
on 02/07/2016, 16:15:27 UTC
Okay - we're nearly there - 5 million required for threshold validity.

https://nutocracy.herokuapp.com/arguments/that-block-rewards-should-remain-unchanged-in-amount-but-required-to-be-hodled-for-a-period-of-1-year-https-www-reddit-com-r-hodl-comments-4qpx9g

I've been working on the code required today and am testing it at the moment. Should be able to put this into effect with some rapidity.

Look like you are going to push this either way , so does it really matter if we vote or not

why even have the vote ?  " the community wanted this ?  what is to say that you own all those addresses and Hodl

No, that's why I'm rounding up votes - nearly there folks, just need 300,000 or so votes to reach the 10% threshold.

The point of Nutocracy is to return more power and control to HOdlers, and away from devs/miners. It is a way to give HOdlers a way to give permission or withold permission for changes to the coin. It's a bit loose at the moment, but I think we'll work out more formal procedures over time. I don't think we'd want to vote on every detail - but it is a way to give a legitimate mandate for larger changes, and a way for HOdlers to step up and prevent smaller changes they might not be happy with. And, of course, participation is optional.