I agree on this. Block rewards are needed for the miners but I meant there could have been "a small mining tax". 1 % of every block reward going to the development is currently something like 0.10 XMR and the rest 9.90 XMR goes to the miners. Given the declining block reward, anyway the block reward will be 9.90 XMR soon so it would not have affected too much for network security IMO, actually quite the opposite - some miners might reason that the coin is more valuable since the development funding is secured and not relies on donations (which are based on volunteering and at some point there will not be people who desires to donate, that is the case somewhat with btc which has hard time to find donators and thus the foundation suffers from financial difficulties).
The funding system of Darkcoin is its strength IMO. Also the price is relative stable with Darkcoin. This doesn't mean I support Darkcoin but I am facing the reality here. The funding seems to work fine with Dark coin.
The fact that Monero development is based on donation is short sighted decision - the development goes on as long as there are enough people willing to give up coins and once that source dries up there will be no development/development is only slow.
So far the donations have been abudant but that may not be the case in 2-3 years from now.
not sure, I think the donation-system also gives incentive for responsible spending... If funds automatically flow in the dev-team kinda can do what it wants (cf. Ethereum, where they waste money by the buckets...) Now they have to make a proposal, motivate what they want to do, and the community votes with their wallets... Is there a more beautiful system?
Ideally I would like to see governments work in the same way, instead of forced taxation with the consequences of not paying being jailtime, they also should make proposals and let people vote for them with their wallets...
Kovri is really important, if xmr can implement it, it will be another cornerstone of the strength of xmr and make it a real powerhouse... Everyone invested in monero should seriously consider donating, not for the sake of donating, but also to further and protect your current investment... donating is not all altruism-based ;-)
anyway, off course you do what you want since we're all free and freedom-loving here
edit: already 75% has been funded in a day, this community is f-ing awesome! very glad to be part of it!
best regards,
