I'm a little concerned that the entire MN network can reach 80%+ compliance with a protocol bump within 48 hours, but that 96 hours after an MN vote is initialized, we still have less than 50% participation...and the voting process is not that difficult (log into VPS, type "./dashd masternode vote yea" and log off VPS).
The vote is open for 2 weeks.
If you look at the Etherum sale, most were sold at the last minute. People were (conjecture) waiting to see what was what.
Then there are those that don't keep up with the threads (or go MIA, see
above).
Being on the wrong protocol means you can get bumped off the network, so I guess people check for some things.
Also, abstain basically = no. What's to say no voters can't be bothered to vote, because they have by default?
It's true that abstain is a "soft" no, but all abstentions become irrelevant once the preset quorum is reached (in this case, 50%+1). I doubt abstention is presently being used as a negative voting strategy, since a "hard" no would be durable no matter how many people had voted. At this point, abstentions look like apathy.
P.S. I'm wondering of
Otoh's 25% of the MN network has voted or not. If not, it could indicate that he is reluctant to overly influence the project (unlike what some detractors have said) in which case it implies that only 25% of the network is not participating.
Well, as I logged in on my computer, I wasn't signed in to BTC so I saw Mrpumperitis's comment (not realizing I normally have him on ignore) And I read that he is worried that there will be no organization to pay fines if DASH were fined like Ripple, et al were.
I just wanted to say, all currencies and exchanges that have been fined were dealing in fiat. They were selling IPOs or outright selling and exchanging fiat for coins. This requires a license and adherence to certain "know your customer" laws.
If you don't touch fiat, it doesn't apply. At least not yet in the USA, and although I'm sure they're working on how to regulate crypto currencies, I don't think it will be easy. It has to be enforceable and apply only to their jurisdiction.
At this point in time, DASH has nothing that needs to be regulated.
That is not true. Masternodes are revenue generating and as such fall under FinCen regulation. DASH is too small for the authorities to bother with right now. You cannot compare dash and xmr. I think we are settling here before another big move north. The next one will leave us resting above 0.02 I would suggest. Just have to be patient .
That's correct. You cannot compare XMR to dash. XMR is an anonymous cryptocurrency. DASH is a centralized collection of gimmicks.
Great! This must be the first blockchain based voting process for a decentralized organization. I think this method will be used more in the future for many applications not only cryptocurrencies.
Ok so we can talk about something else now :-)
Hopefully with this out the way we can talk about the Dash Space Station proposal
And well done to all who made the right choice!
It is quite a thing..
When is the two weeks up?
When does the dash decentralised governance voted in party start?
If Otoh with his 600++ MNs just voted, you have your answer.
How can dash be decentralized when you rely on one entity that controls 25% of all masternodes to vote?
By the way, Stellar just passed dash for the number 4 spot on CMC.
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