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Offline toast

Should domains count as stake for DPOS?
« on: April 08, 2014, 12:16:56 AM »

We want to avoid the situation where most of the value of DNS is in the domains and so the shareholders don't represent the best interests of the customers of the DAC. I'm thinking you could give all the domains a fixed % of the network's total stake (for selecting delegates), so each domain has (ratio*(sale_price / sum(sale_prices))) stake.

Is this a good idea? Should ratio be above or below 50%?
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Offline xeroc

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Re: Should domains count as stake for DPOS?
« Reply #1 on: April 08, 2014, 06:56:34 AM »
We want to avoid the situation where most of the value of DNS is in the domains and so the shareholders don't represent the best interests of the customers of the DAC. I'm thinking you could give all the domains a fixed % of the network's total stake (for selecting delegates), so each domain has (ratio*(sale_price / sum(sale_prices))) stake.
Ui, havent even thought about that issue, yet. But your solution sounds good

Is this a good idea? Should ratio be above or below 50%?
I'd say below and would go for a 30% .. just because :-)
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Offline bytemaster

Re: Should domains count as stake for DPOS?
« Reply #2 on: April 08, 2014, 11:56:06 AM »
We want to avoid the situation where most of the value of DNS is in the domains and so the shareholders don't represent the best interests of the customers of the DAC. I'm thinking you could give all the domains a fixed % of the network's total stake (for selecting delegates), so each domain has (ratio*(sale_price / sum(sale_prices))) stake.
Ui, havent even thought about that issue, yet. But your solution sounds good

Is this a good idea? Should ratio be above or below 50%?
I'd say below and would go for a 30% .. just because :-)

This would be price fixing and cause domains to be purchased for the sake of gaining control.   I think your premise is wrong that shareholders don't care about customers.   The value of their shares is directly related to how well customers are served.   

If you wanted to give them a 'vote' the vote should be based upon the fees paid to the network to secure the domain.    I still think domain name holders are not shareholders, but customers.   
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Offline biophil

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Re: Should domains count as stake for DPOS?
« Reply #3 on: April 08, 2014, 01:50:07 PM »
We want to avoid the situation where most of the value of DNS is in the domains and so the shareholders don't represent the best interests of the customers of the DAC. I'm thinking you could give all the domains a fixed % of the network's total stake (for selecting delegates), so each domain has (ratio*(sale_price / sum(sale_prices))) stake.
Ui, havent even thought about that issue, yet. But your solution sounds good

Is this a good idea? Should ratio be above or below 50%?
I'd say below and would go for a 30% .. just because :-)

This would be price fixing and cause domains to be purchased for the sake of gaining control.   I think your premise is wrong that shareholders don't care about customers.   The value of their shares is directly related to how well customers are served.   

If you wanted to give them a 'vote' the vote should be based upon the fees paid to the network to secure the domain.    I still think domain name holders are not shareholders, but customers.

I'd be very careful with the idea that "the shareholders care about the customers." If the shareholders could act as a coherent whole, of course that would be true. However, the shareholders are a collection of independent agents, so toast is right to be concerned: beware the Tragedy of the Commons!

On the other hand, you do want to avoid price-fixing.

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