Quote from: DineroCoin on April 25, 2018, 08:41:31 AM

Hi Everyone, As you know Dinero is in the process of implementing a decentralised Governance and Budgeting system. This is a very exciting system that will allow masternode operators to vote on important decisions about the future of Dinero in addition to providing a means for Dinero to both fund its own development, and fund our charitable work.

The way this will work is that 10% of the block reward will be reserved for these purposes. Every time a block is mined, 45% of the reward will go to the miner, 45% will go to a masternode, and the remaining 10% will not be created until the end of the month.

During the month anyone can create a budget proposal and masternode owners can vote to accept or reject this proposal.

If projects are not funded the extra 10% of blocks will simply never be created - to avoid any unnecessary inflation.

This system will be going live at Block 162,000. In an earlier plan I had intended putting the budget system live at block 81,000.

Due to oversight on my part I moved the start of the governance system (from block 81,000 to block 162,000) but not the reduction of the block reward to facilitate the governance and budget system. This has now led to the triggering of the reward reduction 3 months in advance of where it needs to be, but seeing as the governance system is not yet enabled these coins will not be created.

I would like to apologize for any confusion or difficulty this has caused. The budget and governance system will be launched on target at block 162,000 without any further block reward adjustments.

DINERO

How are the votes counted ? For each masternode, do you get one vote ? Then how is this decentalised if a rich guy owns many masternodes.