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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] DARKNET [DNET] QRK ALGO - PoW/PoS
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on: April 24, 2016, 01:02:06 AM
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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
I think the proposed effective date is too quick. The voting needs to run for at least a week IMO and then need about 2 weeks minimum after that before the fork to ensure all users/exchanges/block explorer wallets have enough get updated. I think 1 week for voting + 1 week to switch to new wallet is enough. The longer we delay this process, the more damage will be done to Darknet economy. I voted - yes there is rapid inflation investments (((
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