Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ZEN] ZenCash: Private, Secure, Resilient CryptoCurrency with zk-SNARKs
by
BossBee
on 24/08/2017, 17:03:18 UTC
3,5% for secure node. I believed that wil be changed for 12%..?

I'm wrong?

I think 3.5% is too low personally, but it depends on how many nodes there are.
When you add those numbers you got 12% you probably think on this. 8.5+3.5

Quote
ZenCash funds growth using a redirection of a portion of the miner reward, to be spent on ZenCash using a community governance mode. In the ZenCash network, 8.5% of the tokens are allocated for community development, marketing, maintenance, and other costs paid for out of the treasury. This ensures that there are always enough resources available for growth.

Yes 3.5 is very low reward for running node and i think you are right to expect this number to be increased. First scenario is small number of nodes and small reward. Second scenario good rewards and large number of nodes.

Who's going to be able to vote? The problem with Dash masternode voting is users and miners have no say. The threshold is too high now for most people to become a voter. I realize 42 is a lower threshold but if zen= $1000 it will be out of most people's range. I'm worried with Dash the masternodes may not always vote for the best interest of Dash and might start voting masternode profit. I don't think node holders should control the vote, but I do think you should have a sizable stake to vote. Both Dash and Zen need to find a balance to benefit the system first.

When the final phase of Dash Evolution rolls out those will smaller stakes of coins are going to have the ability to vote.
Masternode holders are the last people on earth that would put the system in jeopardy. Why would you put your $300,000 dollar asset at risk to just make a couple extra hundred dollars a month? It's a safe bet to say MN holders are an intelligent and emotionally disciplined group of people and anyone that doesn't have skin in the game shouldn't have a vote.