Author Topic: What happens with delegate bond?  (Read 2001 times)

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Offline bytemaster

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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Offline gamey

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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

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 emski

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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 ?