if you do not own a MN, you have "taxation without representation"
Who's being "taxed" without being represented?
Dash holders? Simply holding Dash comes neither with a "tax" nor any income to be "taxed", hence no right to be "represented".
Miners? They vote and are represented by their hashing power and the client-implementations they use. If they don't like a proposal they can let the network die (and relinquish any income ofc) which is an even greater force than Masternode owners.
It's like saying "Australians don't get to vote on how New Zealand tax money is spent, unfair!"
Other than that I agree that the waiting period as well as the participation rate should both be raised.
Yes and no... creating an extra 10% of a currency devalues what a person is holding by 10%... so essentially everyone is being taxed through devaluation of currency, otherwise known as inflation
Not to mention, if these are legitimate expenses, you can expect the recipient to liquidate the Dash to cover the cost... Last I checked, no airlines accept $500 worth of Dash... they want USD...
Wrong! No new currency is created...
I see both sides of this argument, but you cant deny that new coins came into existence because of the budget. If it were not for the budget, the coins wouldn't have been created.
The budget is the system that allows proposals to be submitted and voted on. It doesn't necessary allocate funds.
Dash is only created when a viable, useful, quality proposal(determined by masternodes) is accepted. No good proposals = no new coins.
Originally, blockrewards were split between masternodes and miners. Both parties sacrificed part of their rewards for the option for the budget system to vote in proposals.
