I'm interested in how this proposal works. I understand the masternodes from TX, but does one have to have DNET in order to vote?
Is there some way to check what the status of the proposals are? and how does one submit a proposal and such.
thanks for taking newbie questions in advance, still researching.
You need to own a Masternode in order to vote, so, yes, you would need at least 10,000 DNET. To see all current proposals enter "mnbudget show" in the console, to see which proposals are currently set to make it into the next budget payment enter "mnbudget projection".
As far as submitting proposals, I wrote this a few pages back:
It is really not that bad. All of these instructions assume you are using the Qt wallet, you could also enter the commands on the command line preceded by "./darknet-cli" if using darknetd.
Go to the console and prepare the proposal, the syntax is "mnbudget prepare name url payment_count block_start darknet_address monthly_payment_darknet" for the BlockExplorer proposal the exact command I entered was "mnbudget prepare BlockExplorer bitcointalk.org/index.php?topic=1262920.msg14012433#msg14012433 1 43200 D7SP47ZN3ZGdrVsAvmG2f3CQF6Ca6grdLX 57142".
The "name" and "url" parameters should be self evident, note that there is a 64 character limit on the url, that is why I removed the "https://", the "payment_count" is the number of monthly payments to make, the "1" I used indicates a 1 time payment, a proposal could be broken up into smaller monthly payments over any period of time. The "block_start" is the block at which the proposal will be included in the budget, it must be the first block in a new 30 day period, block 43200 will be the first block that can be used, and they will increment by 43200, so the next eligible block would be 86400. "darknet_address" is the address of the you want the payment sent to, it costs 50 DNET to make a proposal, so make sure you have received at least one payment to your Masternode before preparing the proposal. The "monthly_payment_darknet" parameter is the amount of DNET to be paid monthly, or once, if it is a one time payment.
After you enter that command if all goes well you will be met with a transaction hash.
Now, you need to submit the prepared proposal. The syntax for that command is "mnbudget submit name url payment_count block_start darknet_address monthly_payment_darknet fee_tx". All of the parameters are the same, with the addition of the transaction hash that was output when preparing the proposal, add that in and hit enter, the output will be the hash for the proposal. That hash is the one used for voting.
If you need anything clarified let me know, don't let my drawn out description of the process stop you, once you do it you will realize how simple it is, and if you are anything like me you will get a fuzzy feeling of empowerment inside.
I will probably write something just a bit more polished soon for s3v3nh4cks to put in the OP.
I have upvoted the "1MillionGeneralFund" proposal with all my MNs, it has got 118 votes now.
If everything goes well, DNET will be listed on a major exchange within a month
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Thanks for that, we have something in the works on that front, so stay tuned.
Is there any way to vote with all my masternodes using only controller wallet?
"masternode vote-many"
https://bitcointalk.org/index.php?topic=1355203.0 Is another service offered for hosting Masternodes. Don't take my mentioning them as an endorsement of their service. The cost is substantially higher than
http://my.mp-hosting.co.uk, but they are another option. You can also set up your own VPS and run your Masternode on there, which is, I think, what most folks are doing.
There have been a few mentions of reducing the inflation rate, I am not going to quote them all. I personally don't see a need for this during the PoW stage, the intent is to get as even a distribution as possible going into PoS, at which point the block rewards could be cut dramatically, if that is what the community wants. However, we want the involvement of all of the community members, and value everyone's opinions. If you want to submit a proposal for lowering the block rewards, go right ahead, if it is approved that's what we will do. That is the beauty of the voting mechanism built into the wallet, you, as a community, can have a real hand in steering this ship. I will mention one specific point that was brought up. It wouldn't be done by block 86400, that is the earliest date that voting could be scheduled to end for a proposal submitted now. It wouldn't take long to implement any well thought out proposal, but it would be a bit over a month from now, and not within a month as it seems was suggested.
Keep the ideas, suggestions, and questions coming. Also, don't forget to go vote on the current proposals if you are a Masternode owner. We want everyone to weigh in.
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