The reason I mention Peercoin is the worrying aim that the CEO of dash core group has for Dash which is to steer Dash towards a future leaning more towards (the failed imo) model of proof of stake. Ryan Taylor is a very influencial person in Dash and could take us (imo) in the complete wrong direction if his aweful idea gains enough traction. Proof of stake has not worked as judged by the likes of peercoin and blackcoin which were once contenders to bitcoins crown (peercoin was no 3 in market cap at its peak) but now languish in the forgotten realms of crypto graveyard. Lets not let Ryan Taylor steer dash in that direction, and leave Dash unmolested free to once again scale some new bullish heights
Ryan Taylor is not pushing for a future leaning towards a model of Proof of Stake. He already mentioned this a couple of times now. He just introduced the Proof of Stake option
as the most extreme option out there, and currently also the option with severe security concerns (ChainLocks is not secure enough to take over Proof of Work, due to the fact that BLS
signatures can fail).
These are all the options that he laid out for discussion and investigation for the Dash community :
Source :
https://www.youtube.com/watch?time_continue=3622&v=7yylT6gAihc&feature=emb_logoWhat Ryan Taylor is actually pushing for (to my understanding) is the option of Masternodes Shares, which is not only different from Proof of Stake but also something many Dash community
members have been requesting for a very long time now. In my opinion it is way better to have a trustless form of masternodes shares (fully supported by Dash Core Group), then to
see users switch to centralized shared masternode providers, where you have to place trust in those providers and where all kind of things can go wrong (example moocowmoo).
Also be informed that he wants to have Arizona State University do extensive research first and he also wants to consult several blockchain experts, this is certainly not something Dash
will rush into overnight.
What all these options do have in common is that they will effect the miners reward if they get choosen, as a part of the miners reward will then slowly (over time) flow into one of these options.
The reason that these options became available in the first place is because of ChainLocks, we don't need to give to miners almost half of the block reward (45%) anymore
to secure the network. Which gives us options to improve Dash store of value. How we choose to deal with those options is up to us, important thing is that they are getting discussed.
