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Offline emski

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What happens with delegate bond?
« on: June 19, 2014, 07:05:42 AM »

Where it goes (the one paid when registering a delegate)?
What if the delegate is never voted in and never produces even a single block?
Why free renewal ?

Offline bytemaster

Re: What happens with delegate bond?
« Reply #1 on: June 19, 2014, 03:09:50 PM »
Where it goes (the one paid when registering a delegate)?
What if the delegate is never voted in and never produces even a single block?
Why free renewal ?

It isn't really a bond, it is more of a 'registration fee'.  If you are going to attempt to become a delegate then you must be committed and believe you will be elected and produce at least 2 weeks worth of blocks to 'break even'. 

The fee is destroyed.
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Offline gamey

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Re: What happens with delegate bond?
« Reply #2 on: June 19, 2014, 07:53:07 PM »
Will this be readily configurable for other DACs?  I do not think this approach will work for every DAC. You are requiring a fee for something that most DACS will have a hard time courting initially. (Delegates) so it would be nice if the toolkit has some other method of establishing delegates initially.

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Offline bytemaster

Re: What happens with delegate bond?
« Reply #3 on: June 19, 2014, 08:48:13 PM »
Will this be readily configurable for other DACs?  I do not think this approach will work for every DAC. You are requiring a fee for something that most DACS will have a hard time courting initially. (Delegates) so it would be nice if the toolkit has some other method of establishing delegates initially.

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Initially the fee is insignificant and is something the delegates will be earning anyway so it is more like a 'commitment to produce X' blocks... given that anyone who signs up to become a delegate is automatically in, even with 0 votes until there are some positive votes for enough delegates, I think this is not a problem.
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Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

 

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