Dan Larimer Proposes Compound Interest For Staking
Dan Larimer did recently propose in the eos block producers telegram channel that instead of burning the EOS tokens that are generated from the RAM trading fees, the revenue should be redistributed back to those who had staked their EOS.)
All ready there is 1,5 million EOS made from 1 month of RAM trading fees. Under the current system EOS token for RAM fees is taken out of circulation and offset against the 5% rate of inflation.
Right now, the only reason to stake is to vote.
Dan Larimer says this;
Currently voting has a cost. Time and research cost. I want to lower it to zero by offsetting cost with the reward of redistribution of network income to staked token holders has a much perceived value than burning them. It will lower RAM costs by creating opportunity cost.
Interesting idea, the ability to delegate for a return may prove to be better in the long run.
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.
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.
@eosmastering, I'm waiting for the continuation of the topic
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It is a cool proposition and interest possibility.
How do you think @eosmastering what will happen next?
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