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    Author Topic: [ANN][CRW] CROWN (MN-PoS) | Platform | NFT framework | Governance | Masternodes  (Read 317244 times)
    crowncoin_knight
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    December 11, 2016, 07:02:48 PM
     #1841

    Whats this?:

    https://github.com/Crowndev/crowncoin/commit/9a5ad2c

    Who decided to lower the payments to miners again?

    Were miners or CRW users consulted about this - if so, where?

    We're conducting updates to the Dash codebase, which we use for Thrones.
    In the new codebase is a governance fund where ideas and propositions can be voted on.

    We decided to keep the governance code and allocate 10% of the coinbase reward to it.
    This 10% needs to come from somewhere.

    Also this code has not yet been released and is still in progress. We intend to
    give a full breakdown of the new codebase and what changes have been made, before
    we release the update to the public.

    I'm aware that this code has yet to be released, that was not my question.

    This change to miner payments & it's insertion into a future update gives the impression that "someone/people" have already decided it will happen without any consultation/consensus or debate with the mining community - at least the last time you reduced miners income there was some kind of debate about it - why not this time?

    If "This 10% needs to come from somewhere", who decided it should be taken from miners income? Miners have already lost 40% of their income, isn't that enough? Why not take it from masternode payments? Or somewhere else?

    If you look at it a bit more carefully you'll notice that this wasn't an update to the crown repo. but to my own. You would currently receive 0.6 CRW per block. and after the changes it would be 0.45 CRW. BUT as it has been noted. it has not been fully discussed and this is just a testing point for us.

    There is a TON of changes. most of them were to update the base code to dash 0.12.0.x and bitcoin 0.11. During that there were a few adjustments to the code that needed to be sorted. Merged mining had to be added to the new repo. name stamping and timestamping still have to make it in there. A proper throne manager was added. as well as the ability to specify an aux pow address to mine to. no more mining to random addresses as an auxpow miner. One more thing i will be looking into is making it so miners arent able to change the block reward lower at will. currently there are some miners on the network that look like they themselves have built a client purposely to mine blocks that have a smaller reward than normal. It does burn off a few coins, but also changes some end game calculations. and ill make sure with the next update that is no longer possible.

    I say it again:

    The implementation of Thrones few months back increased market cap of Crown substantially, and made this project interesting to new community members. Miners benefited big time as well.

    The relationship between miners and throne operators have to be in balance, therefore 45pct of rewards going to miners, 45pct going to Throne operators and 10pct to governance is a well balanced situation.

    We are proposing this and the core team stands behind this idea.

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