RE: Dan Larimer Proposes Compound Interest For Staking

You are viewing a single comment's thread from:

Dan Larimer Proposes Compound Interest For Staking

in eos •  6 years ago 

They should have simply burnt 50% of the fees and the rest redistributed to stakers. It'd kill 2 birds with one stone. Currently it's Burn Vs Redistribute and I see good arguments from both sides. 50/50 Burn & Redistribute methods seems the most sensible for me.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Well if it's a choice between burn and redistribute then that would seem like a reasonable compromise.

It should satisfy both parties and wouldn't even be that hard to implement. they could even use an algorithm to decide the burn percentage. PIVX is using an algorithm to deice the masternode rewards to keep the masternodes level in the network in check to maintain larger token liquidity and velocity.