PROPOSAL: Shareholders, vote for +5% payout delegates! 95% burn

[Simeon II]

Good - 8 delegates in.

13 to go.

Vote early! Vote often!

[Simeon II]

Code Select Expand

NAME (* next in line)           APPROVAL       PRODUCED MISSED   RELIABILITY   PAY RATE PAY BALANCE         LAST BLOCK

stake                           1.5836233685 % 22       0        100.00 %      1 %      0.52292 BTSX        21343
woolcii                         0.2069129701 % 0        0        N/A           1 %      0.00000 BTSX        NONE     
viv                             0.2052643850 % 0        0        N/A           1 %      0.00000 BTSX        NONE
james9876                       0.0795123844 % 0        0        N/A           0 %      0.00000 BTSX        NONE
democracy                       0.0025688671 % 0        0        N/A           1 %      0.00000 BTSX        NONE   

riverhead-del-server-1          3.7810057727 % 13       1        92.86 %       5 %      1.54128 BTSX        21294
kpd-1                           0.2964164481 % 7        3        70.00 %       5 %      0.82715 BTSX        21340
liondani                        0.2043128594 % 0        0        N/A           5 %      0.00000 BTSX        NONE     
ninja                           0.2004022788 % 0        0        N/A           5 %      0.00000 BTSX        NONE     
xeldal2                         0.1765298361 % 31       1        96.88 %       5 %      5.13376 BTSX        12650
calabiyau                       0.0600085453 % 0        0        N/A           5 %      0.00000 BTSX        NONE
riverheaddelserv1               0.0068679516 % 0        0        N/A           5 %      0.00000 BTSX        NONE     

liondani-delegate-1             0.0662703766 % 0        0        N/A           10 %     0.00000 BTSX        NONE
liondan-delegate-1              0.0025711691 % 0        0        N/A           10 %     0.00000 BTSX        NONE   


maqifrnswa                      0.8344546458 % 0        1        0.00 %        15 %     0.00000 BTSX        NONE
xeldal                          0.4181906088 % 66       6        91.67 %       15 %     14.07693 BTSX       21362     
enki                            0.3585132752 % 38       4        90.48 %       15 %     8.24596 BTSX        21374
xeldal3                         0.1680132658 % 32       2        94.12 %       15 %     6.42657 BTSX        12704     
xeldal4                         0.1680132619 % 32       1        96.97 %       15 %     6.34851 BTSX        12674

can you vote liondani instead of liondani-delegate-1 and liondan-delegate-1 ? Because that account have the most votes, thanks in advance  ;)

I vote that one too, man!

[liondani]

Code Select Expand

NAME (* next in line)           APPROVAL       PRODUCED MISSED   RELIABILITY   PAY RATE PAY BALANCE         LAST BLOCK

stake                           1.5836233685 % 22       0        100.00 %      1 %      0.52292 BTSX        21343
woolcii                         0.2069129701 % 0        0        N/A           1 %      0.00000 BTSX        NONE     
viv                             0.2052643850 % 0        0        N/A           1 %      0.00000 BTSX        NONE
james9876                       0.0795123844 % 0        0        N/A           0 %      0.00000 BTSX        NONE
democracy                       0.0025688671 % 0        0        N/A           1 %      0.00000 BTSX        NONE   

riverhead-del-server-1          3.7810057727 % 13       1        92.86 %       5 %      1.54128 BTSX        21294
kpd-1                           0.2964164481 % 7        3        70.00 %       5 %      0.82715 BTSX        21340
liondani                        0.2043128594 % 0        0        N/A           5 %      0.00000 BTSX        NONE     
ninja                           0.2004022788 % 0        0        N/A           5 %      0.00000 BTSX        NONE     
xeldal2                         0.1765298361 % 31       1        96.88 %       5 %      5.13376 BTSX        12650
calabiyau                       0.0600085453 % 0        0        N/A           5 %      0.00000 BTSX        NONE
riverheaddelserv1               0.0068679516 % 0        0        N/A           5 %      0.00000 BTSX        NONE     
bm86                            0.0068679497 % 0        0        N/A           5 %      0.00000 BTSX        NONE

lowfee-10prcnt                  0.0668714866 % 0        0        N/A           10 %     0.00000 BTSX        NONE     
liondani-delegate-1             0.0662703766 % 0        0        N/A           10 %     0.00000 BTSX        NONE
liondan-delegate-1              0.0025711691 % 0        0        N/A           10 %     0.00000 BTSX        NONE   


maqifrnswa                      0.8344546458 % 0        1        0.00 %        15 %     0.00000 BTSX        NONE
xeldal                          0.4181906088 % 66       6        91.67 %       15 %     14.07693 BTSX       21362     
enki                            0.3585132752 % 38       4        90.48 %       15 %     8.24596 BTSX        21374
xeldal3                         0.1680132658 % 32       2        94.12 %       15 %     6.42657 BTSX        12704     
xeldal4                         0.1680132619 % 32       1        96.97 %       15 %     6.34851 BTSX        12674

can you vote liondani instead of liondani-delegate-1 and liondan-delegate-1 ? Because that account have the most votes, thanks in advance  ;)

[Simeon II]

Code Select Expand

NAME (* next in line)           APPROVAL       PRODUCED MISSED   RELIABILITY   PAY RATE PAY BALANCE         LAST BLOCK

stake                           1.5836233685 % 22       0        100.00 %      1 %      0.52292 BTSX        21343
woolcii                         0.2069129701 % 0        0        N/A           1 %      0.00000 BTSX        NONE     
viv                             0.2052643850 % 0        0        N/A           1 %      0.00000 BTSX        NONE
james9876                       0.0795123844 % 0        0        N/A           0 %      0.00000 BTSX        NONE
democracy                       0.0025688671 % 0        0        N/A           1 %      0.00000 BTSX        NONE   

riverhead-del-server-1          3.7810057727 % 13       1        92.86 %       5 %      1.54128 BTSX        21294
kpd-1                           0.2964164481 % 7        3        70.00 %       5 %      0.82715 BTSX        21340
liondani                        0.2043128594 % 0        0        N/A           5 %      0.00000 BTSX        NONE     
ninja                           0.2004022788 % 0        0        N/A           5 %      0.00000 BTSX        NONE     
xeldal2                         0.1765298361 % 31       1        96.88 %       5 %      5.13376 BTSX        12650
calabiyau                       0.0600085453 % 0        0        N/A           5 %      0.00000 BTSX        NONE
riverheaddelserv1               0.0068679516 % 0        0        N/A           5 %      0.00000 BTSX        NONE     

liondani-delegate-1             0.0662703766 % 0        0        N/A           10 %     0.00000 BTSX        NONE
liondan-delegate-1              0.0025711691 % 0        0        N/A           10 %     0.00000 BTSX        NONE   


maqifrnswa                      0.8344546458 % 0        1        0.00 %        15 %     0.00000 BTSX        NONE
xeldal                          0.4181906088 % 66       6        91.67 %       15 %     14.07693 BTSX       21362     
enki                            0.3585132752 % 38       4        90.48 %       15 %     8.24596 BTSX        21374
xeldal3                         0.1680132658 % 32       2        94.12 %       15 %     6.42657 BTSX        12704     
xeldal4                         0.1680132619 % 32       1        96.97 %       15 %     6.34851 BTSX        12674

[liondani]

thanks

[bytemaster]

can our sub accounts have increased pay rate compared with th initial account (example liondani 5% pay rate,  but   delegate1.liondani pay rate 33% ?)

Yes, they are fully independent except for the fact that the master account key can change all child accounts.

[liondani]

That is the same as starting a new delegate. 

Yes but we keep our precious "Brand name" !!!

Unfortunately it is very difficult to adjust your votes because it is just the total of a whole bunch of individual votes.

8)

You can keep your brand-name, by using sub-accounts      ie:   delegate1.liondani       Only liondani can create sub-accounts under *.liondani

can our sub accounts have increased pay rate compared with th initial account (example liondani 5% pay rate,  but   delegate1.liondani pay rate 33% ?)

[Riverhead]

I appreciate the thought delegates, but until we see what the income level is and whether it is enough to cover a VPS at $30 per month you may want to be conservative as you can decrease your pay in the future, but not increase it. 

Put another way, if delegates can operate on just 5% of the fees, then our transaction fees are 20x higher than necessary and our customers are the ones who pay that price. 

So consider carefully who you want to appeal to:  customers or shareholders and strike a balance.   It is possible for delegates to reduce the required transaction fee.   I wouldn't reduce it at this point in time because of SPAM control, but you get the overall idea.

Why can't it be increased?  To prevent people from lowering it briefly?

Yes, it is kind of a campaign promise that is enforced.  Those who vote for you know for sure that they can set it and not have to trust you on that part of it.

Currently at 5% I would need to produce 13 blocks/hr to cover my costs. 


Since the transaction fees are likely to go up as is the volume increases and the value of each BTSX should rise as shares are burned and more people come on board my situation should only improve.  My operating costs should stay fairly static so I am OK with this burn rate.  I guess the shareholders can vote for me or not depending on the balance they want to strike between customer and shareholder costs/profits :).

[xeroc]

You can keep your brand-name, by using sub-accounts      ie:   delegate1.liondani       Only liondani can create sub-accounts under *.liondani

Hug .. Thats new to me .. nice feature .. thx for sharing :)

[bytemaster]

That is the same as starting a new delegate. 

Yes but we keep our precious "Brand name" !!!

Unfortunately it is very difficult to adjust your votes because it is just the total of a whole bunch of individual votes.

8)

You can keep your brand-name, by using sub-accounts      ie:   delegate1.liondani       Only liondani can create sub-accounts under *.liondani

[liondani]

That is the same as starting a new delegate. 

Yes but we keep our precious "Brand name" !!!

Unfortunately it is very difficult to adjust your votes because it is just the total of a whole bunch of individual votes.

8)

[bitmeat]

What about my proposal above? To just use proof of stake but only limit to delegates. That way all delegates get to represent exactly the % of votes they got.

I.e. Don't pick a number like 100. Just do age burn of their voted power.

[bytemaster]

I appreciate the thought delegates, but until we see what the income level is and whether it is enough to cover a VPS at $30 per month you may want to be conservative as you can decrease your pay in the future, but not increase it. 

Put another way, if delegates can operate on just 5% of the fees, then our transaction fees are 20x higher than necessary and our customers are the ones who pay that price. 

So consider carefully who you want to appeal to:  customers or shareholders and strike a balance.   It is possible for delegates to reduce the required transaction fee.   I wouldn't reduce it at this point in time because of SPAM control, but you get the overall idea.

Why can't it be increased?  To prevent people from lowering it briefly?

Yes, it is kind of a campaign promise that is enforced.  Those who vote for you know for sure that they can set it and not have to trust you on that part of it.

What about to let us the option to increase the pay rate whenever we  want but automatically loose all upvotes if we do that? (of course when decreasing nothing should happen like now)

That is the same as starting a new delegate.   Unfortunately it is very difficult to adjust your votes because it is just the total of a whole bunch of individual votes. 

[liondani]

I appreciate the thought delegates, but until we see what the income level is and whether it is enough to cover a VPS at $30 per month you may want to be conservative as you can decrease your pay in the future, but not increase it. 

Put another way, if delegates can operate on just 5% of the fees, then our transaction fees are 20x higher than necessary and our customers are the ones who pay that price. 

So consider carefully who you want to appeal to:  customers or shareholders and strike a balance.   It is possible for delegates to reduce the required transaction fee.   I wouldn't reduce it at this point in time because of SPAM control, but you get the overall idea.

Why can't it be increased?  To prevent people from lowering it briefly?

Yes, it is kind of a campaign promise that is enforced.  Those who vote for you know for sure that they can set it and not have to trust you on that part of it.

What about to let us the option to increase the pay rate whenever we  want but automatically loose all upvotes if we do that? (of course when decreasing nothing should happen like now)

[bytemaster]

I appreciate the thought delegates, but until we see what the income level is and whether it is enough to cover a VPS at $30 per month you may want to be conservative as you can decrease your pay in the future, but not increase it. 

Put another way, if delegates can operate on just 5% of the fees, then our transaction fees are 20x higher than necessary and our customers are the ones who pay that price. 

So consider carefully who you want to appeal to:  customers or shareholders and strike a balance.   It is possible for delegates to reduce the required transaction fee.   I wouldn't reduce it at this point in time because of SPAM control, but you get the overall idea.

Why can't it be increased?  To prevent people from lowering it briefly?

Yes, it is kind of a campaign promise that is enforced.  Those who vote for you know for sure that they can set it and not have to trust you on that part of it.