Re: Qora | POS | Assets | Names | Polls | Automated Transactions | Social Network
1. prove you have supported the previous chain, by verification that you have run a node, and staked during the last few months when not many people were, due to the fact that there was no staking reward. This alone will prove that you supported the project, wanting to see it survive, regardless of the fact that you were not receiving monetary reward for doing so, and is sufficient to obtain a minting account on qortal project chain.
2. prove you have contributed in other ways to the project's success, via explaining and showing what you have done to the community. At which point, we will put a vote up for the community to choose whether your efforts were 'sufficient' to obtain a minting account, and at which 'weight' or 'level' the account shall be started.
(The methods for which the accounts will be 'leveled' at the start, will be based on the level of effort and contribution the user had put into the project's success. The development team will receive 'founder accounts' that will start at a 50% higher level to ensure the stability and game-free nature of the platform from the start, along with a multiplier on the weight that will slowly decrease as time goes on, and more minting accounts are alive, and leveling themselves. Eventually the founder accounts will essentially be just like any other account, but they will always contain a slight multiplier, making them always just a little bit more weighted for voting purposes.)
We believe in the concepts of Decentralization, community run projects, and hearing the community's suggestions, we also believe that simply because you purchased a bunch of coins, does not entitle you to a bunch of reward, when many many hours and efforts and dollars were put in by those looking to actually assist the project's success.
I can't see where "decentralization" in point 1 and 2 is hiding?
One should "prove" to some "decentralized" system?
I'm from the time when even 1% premine of the coin was enough not to look back for the coin issued. QORT is closed club asset according to issuing policy.
Good luck with it. I'm over and out with QORT.
I don't see what you're meaning here. How is supporting the project not decentralized? How is running a node and staking not decentralized?
You aren't making sense.
If you support the project, then you're one of the people who is deserving of one of the initial minting accounts. If you don't support the project, why should you be rewarded?
"proving" is simple. Can be done decentralized and/or by the community vote in case of users that didn't stake, but contributed notable assistance in other ways. How is a community giving their input not decentralized? Verification to a decentralized system, is what EVERY coin does... just saying... how do you verify transactions on a decentralized system?
We will simply read through the blockchain to find how many blocks were staked by the account, provide a system to keep track of that, and assign 'points' to the blocks staked by the account, giving more value to the ones that were staked while the coin was 'dead' in the eyes of the people, as this is the time the project needed more support, and the people who actually cared about the project, were the ones who were staking 'for free' simply to keep the chain moving. Which, is a valuable contribution, worthy of reward.
The devs and multiple community members have put a lot of time and effort into the project, have staked for no reward to keep the chain moving, and have continued to do everything they can to help the project forward. They are the ones who are deserving of a minting account on the new chain.
It seems you're one of the only people so far that has taken ANY issue with the supporting of QORA being the basis of the issuing of minting accounts on QORT. Is this because you had hoped to simply 'swap' to the new chain with a bunch of coins, then dump them on the community? I don't really see any reason to be upset that people who supported the project and helped it live, will be the ones to get support given back, unless of course, I was one who didn't support the project... is that the case?
Honestly, enabling staking on a wallet isn't hard to do, if you had coins, and didn't even have a wallet... then where are your coins being held? If you did have them in a wallet, why would you not enable staking to help ensure the chain continues to move? Because you didn't get rewards for it? That's exactly the type of mentality we don't need, people thinking they should be rewarded for doing nothing, is useless, and something I am fine if is removed from the community.
Every other person, when hearing the plan for the start of QORT chain, has been fine with it, and has asked relevant questions and/or just been excited. You are the only one so far to be upset by it, which leads me to believe you really are a type that feels entitled to becoming a millionaire from doing nothing. I personally can't stand that mindset.
ALSO -
I don't know where you're coming up with this 'endless minting' nonsense, I never said that. The initial minting accounts, which will be given to QORA supporters, and will obtain the whole of the block rewards of the system, until the PoL algo is implemented. At that point a portion will go to liquidity providers, and another portion to minters.
As far as the 'unlimited supply', yes, it will be unlimited, as there will always be a need for the system to have coins to use for the trade portal orders, etc. However, the supply will be definitely very slow to grow overall, and the 'active supply' should be much lower than QORA was for a very long time.
people forget that coins get lost, accounts get lost forever, etc... This cannot be a deciding factor in the length of time a trade platform can function. Therefore the 'no cap' on the supply in the QORT service token (coin) is something that will ensure the platform can run 'forever'. I think this is pretty important, don't you?
I don't know what your comment about a premine has to do with anything...
THE COIN WILL LAUNCH FROM BLOCK 0, WITH NO COINS.
Users who supported QORA, can obtain minting accounts which will obtain the block rewards.
Initially, there will need to be a solid supportive group that has majority to ensure that the chain isn't attacked by a malicious force. Therefore, founder accounts are a necessity while the project is new and small.
You have a problem with the devs getting a reward for developing a truly decentralized trade platform unlike anyone has ever seen from scratch? Yet, at the same time, you would like to be rewarded for nothing? Your words are making a whole lot of no sense to me.
Good luck to you as well!