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RE: Altcoins & Bitcoins Update
Fair enough, it seems you have a philosophical disagreement with how things are implemented. You would prefer things changed from the bottom up(at protocol level) rather than built on top of.
I wonder if trusting only whales with masternodes to govern for the rest of us is the best solution over say, electing witnesses/representatives like steem/ark etc. But incentive wise it could be better. Thanks for the info will continue to look into Dash more.
I'm kind of obsessive with fundamentals.
Quoting The Revenant - Movie: When there is a storm, and you stand in front of a tree, if you look at it's branches, you swear it will fall, But if you watch the trunk, you will see it's stability.
I'm a fan of efficiency and I consider 3 factors that should decide who gets a say:
#1 Technocracy - Who are already good at their game. Eg: @haejin
#2 Meritocracy - Growth potential/self-development/learning and proving themselves capable Eg: The Big Short guys from the movie
#3 Skin in the game.
I don't give a damn about decentralization. I want the highest level of performance. If decision makers fulfill above criteria they will produce results. Results is what I care about.
You need 1000 Dash or 10,000 PIVX for a masternode. There is incentive for them to be good decision makers. So they either already good or they learn or they burn. Plus the community will keep a keener eye since the masternodes have their perks.
Dash and similar systems has no risk of growing into a tragedy of the commons. Please read the following article: https://www.dashforcenews.com/bitcoin-disincentivizes-community-harmony/