Proposal to save Darknet from inflation
PoW phase with steady block reward is producing too much coins, it is hurting early investors and promotes dumping. Price now is 4x lower than month ago. We need emergency measures to prevent this.
I propose significant reduction of PoW supply and giving biger % reward to masternode owners. It will decrease selling preasure from miners and will support MN owners who are more loyal to Darknet cryptocurrency.
We will have total of 39 960 000 coins at the end of the PoW phase instead of 64 800 000 coins (-24 840 000 coins that could be dumped).
Blocks 1 - 135 000 (94 days, ends by may, 8)
POW reward: 250 DNET
Total supply: 33 750 000
Blocks 135 001 - 259 200 (86 days)
POW reward: 50 DNET (25 to miners and 25 to masternodes)
Total supply: 39 960 000
Blocks 259 200 +
PoS
To vote in favor = mnbudget vote 02b8855fd4e55ba051ae99b0a459d303732ee8e861de0168588b9d4c6fd470b6 yes
To vote against = mnbudget vote 02b8855fd4e55ba051ae99b0a459d303732ee8e861de0168588b9d4c6fd470b6 no
Use 'vote-many' instead of 'vote' to vote using all your MN at once via controller wallet:
mnbudget vote-many 02b8855fd4e55ba051ae99b0a459d303732ee8e861de0168588b9d4c6fd470b6 yes
or
mnbudget vote-many 02b8855fd4e55ba051ae99b0a459d303732ee8e861de0168588b9d4c6fd470b6 no
mnbudget getinfo DecreasePOWSupply to check status
Number of supporters of this proposal is increasing while number of people who are against it is decreasing.
Yes: 383
No: 229
Again, I will code the change, even if it is against my better judgement, if the proposal is approved according to the predetermined rules and numbers. For the sake of clarification, in order to be accepted into the budget the (number of yes votes)-(number of no votes) needs to be greater than 10% of the total of all masternodes at the time the budget is finalized. The budget is finalized 2 days before the superblock that would include budget payments, the superblock for this proposal is 129600. So, 129600-2880=126720, at the time I am writing this that leaves about 14444 blocks, or a bit more than 10 days. I understand that those voting in favor of this proposal would like to get it done as soon as possible, but that is the way it is, I will also be allowing at least 2 weeks from the time the new wallet is released before the change would kick in, we have already experienced issues with too short an upgrade window, and will not be repeating the same mistakes twice.
But it isn't a real budget proposal. We are just using budget voting system to make more general decision. Why can't you implement it earlier? I agree that we should wait more after wallet release before changes kick in but waiting for superblock isn't necessary.
