Does he need only 51%?
Define 51%
51% of the MN system would cost you MILLIONS - if that's what you mean :-P
No haha
Im thinking about %
if they are important, some projects should require more than 51% (yes)
For Voting on a Proposal?
I've not seen the 'Voting' requirements yet
Anybody???
Evan??
Minimum requirement to get into a budget if there is literally nothing else in there to stop you is 5% of the network in votes, so currently that's 145 votes. But say, you get 100 "no" votes, that means you will need 245 yes votes to have 5%.
So if I understand this system... a proposal is scored by summing the votes from all Masternodes where a "yes" vote is +1, an "abstain" is 0, and a "no" is -1. Proposals will be paid starting at the highest score proceeding to the lowest score until the allotted funds are exhausted. Finally, to qualify for any payment at all a proposal must at least score greater than 0.05*Total Masternodes. If not enough qualifying proposals exist then the coins are not generated. For example, if 10% of the coin supply is dedicated to funding and on average qualifying proposals only need 7% of that supply then 3% of the coins will never be created.
Is that correct?
Yes - That's what would happen - if the funds don't get used - they are never born
@Evan - correct me if I'm wrong here but.....
also - with a 5% approval you can only have 20 Proposals getting paid, at any one time - at the most - in a perfect world
SO - when 50% of the votes go towards 1 Proposal you can only have 10 Proposals getting paid at a time
50% + 5% + 5% + 5% + 5% + 5% + 5% + 5% + 5% + 5% + 5% = 100%
SO - over voting can keep people from getting their Proposals approved when everybody gets all excited
33% + 33% + 33% + 1% Abstain = 100%
3 get paid
[all these numbers represent voting yes unless otherwise stated]
if MN = 3000
and 2880 MN vote = YEA
only 1 Proposal can be paid
There's not not enough votes for anybody else to get paid to = 5%
2880 / 3000 = 96%
Not sure if the system is looking at decimals and if they are, how many significant digits??
@Evan - correct me if I'm wrong here
My Question is: Can we only Vote once on each Proposal
OR can we only Vote once on one Proposal
hummmmmmm....... edited to clarify my question
Your comment above is not what the masternodes voted in. The reason for the voting is to focus attention on a few projects and get them fully funded. It was not to run a donation portal that funds too many of projects that never get finished. You can look at more details on the latest revision to the voting proposal on Dashtalk here:
https://dashtalk.org/threads/vote-self-sustainable-decentralized-governance-by-blockchain.4825/page-4#post-53665This is the basic concept:
Proposals get voted on. A majority vote(or some minimum %) gets a proposal in the queue.
The highest %(of yes) proposals get first place in the queue.
So for a 60% yes for A, 70% yes for B, and 30% yes for C votes we would have:
B has priority, then A. C gets thrown out because it doesn't meet the minimum 50%+ yes.
Also, a suggestion to weed out spam proposals was to charge a fee of 1-10? DASH. The fee would go to the website host that enters, lists project details, and submits the projects.
