Warning: this is a genuine question/concern.
What happens when people mine in pools which have not updated yet to the latest version, thus which is not paying MN's 20% of the block reward?
The mined blocks with previous versions of the Darkcoin daemon will or may be orphaned when RC4 is released or when the enforcement would be activated now during RC3? The mined coins would then be worthless to the miner?
However, what happens when a non-compliant miner immediately sells his mined Darkcoins on an exchange? Does this mean that coins which anyone has purchased recently, may at some point be removed from their wallet, as they may have come from (orphaned) blocks mined by a non-compliant miner?
If that would be true (and I don't know if it is), consequently, it seems to me that Evan has no choice NOT to use the enforcement switch without hurting some people. Technically yes, but the effect might be a unpleasant change for some people?
If I'm wrong, great, then I don't have to worry about this, because I just bought some more before realizing this, but if I'm right, it means the enforcement switch is not really a valid countermeasure after all. This would mean that anyone can continue to mine on non-compliant pools and take 20% more revenue and not have to worry about this being fruitless?
Can anyone confirm or rectify my understanding?
Thanks,
Mining on pool that isn't enforcing the 20% tax is the logical thing to do at this point. You will receive 100% of your mining efforts. If and when any form of enforcement is implemented it could have serious consequences for the coin.
Basically the masternode network is based on a flawed methodology. The payments to the masternodes should be coming from the individuals using the network for anonymous transactions. Not the miners securing the network. I think Darkcoin is doomed unless they revisit the method used to pay the masternodes.
The thing Darkcoin should have done was work on giving users places to actually spend their Darkcoins. As it is, even if RC4 works and you can send as many DRK anonymously as you want. There is no place to spend them. Darkcoins are basically useless as a payment option.
But hey, the masternode operators still get 20% for doing nothing.