Hi bizzyb,
Saw your post in the Dash thread about moving MUE over to X11.
By adopting Dash models, is the idea to have a similar block reward division for masternode rewards, MUE development and chain security? I am completely new to MUE, but didn't see any info of this in the OP announcement post.
Hi thanks for dropping by.
Yes the plan is to have a similar reward model.
Block reward will be 40 MUE per block.
Each block is 40 seconds (or there about)
As with Dash
the POW reward will be 45% per block
The MasterNode reward will be 45% per block
and 10% will fund development, marketing, etc The "project" fund.
We have agreed on 500k MUE per MasterNode
https://bitcointalk.org/index.php?topic=1582356and X11 was also agreed on
https://bitcointalk.org/index.php?topic=1564635The current OP still reflects our initial Quark launch plan, though perhaps I should update it to make it cleared regarding the migration.
So it would be at present roughly 0.4 BTC to have enough X11 MUE for setting up a masternode. Does the project have a target as to how many masternodes are required to secure the network, or is it as many as possible? As per the Dash governing model I assume that you are looking into a similar voting system for making decisions as to how the project will develop? If so, I would encourage the MUE team to look into creating a user friendly site like dashcentral.org to aid in proposal voting. Having a graphical interface helps rather than copy&pasting commands to the wallet console.
What does the distribution of MUE look like? Looking at the rich lists it seems Bittrex holds the largest wallets. Any risk of having an exchange take control of the development funds of MUE?