Poll on Firo Block Reward Division

时代变了 我们也需要改变了。顺应潮流,俗话说 打不过就加入。 很多地方已经不能挖矿 比如中国 现在越来越难了是非常的严格 家庭挖矿(笔记本,台式电脑)都不允许了,根本不会有人会冒着危险去挖矿的。发现直接上门没收你的一切挖矿工具 ,开机到没收只需要1个月的时间你的挖矿工具就没了! 14亿人口的大国都不允许了。是时候改变了。 机会来了 抓住就行了!

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If you look at my post carefully I am not for decimating miners but for a more balanced reduction and the main thrust was for the creation of the community fund.

I’m glad that miners are voicing out now but instead of trying to vote, they are like I’m moving my hashrate to other chains.

We have been doing everything for GPU miners over the years though the fact we haven’t seen pool decentralization or active community contributions from this community has been disappointing. Several years of development for ASIC resistance scheme and research and even totally removing masternode governance to ensure that they aren’t sole determinants of the future. This is why we are having this poll now.

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Hey Ruben,

@kind184 has already voted with 50%, 40%, 40% for miners, but it’s not hard to guess how this poll will end.

For the sake of transparency, I am in the middle of pointing my distributed hash-rate elsewhere as “miners don’t supply security”, my hardware and electricity are way too expensive to be wasted mining at excessive loss. Additionally, if Firo’s total hash-rate drops to a concerning level with 1000 Firos as master-node collateral, I will liquidate all my holdings, since that’s money I am not willing to gamble.

Privacy coins can’t be centralised otherwise they lose their purpose!

Wishing you all best of luck :wave:

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Miners keep talking about how expensive their hardware and electricity are while they keep dumping at a profit. While hodlers and master node owners reap massive losses as a result. In comparison your electric bill is nothing. Nothing at all

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Well said. Something to keep in mind is that both miners (I fall into this camp) and node operators are ‘talking their book’ (i.e. advocating what benefits them) on this issue. The threat of abandoning Firo for greener pastures based on the reward share is largely an empty one: miners for the most part will follow the money. Sure, some fraction of hashrate will be driven by emotion and/or go toward projects miners personally want to succeed but the larger one gets the more the bottom line (i.e. most profitable to mine coin(s)) drives hash rate due to capital and operational costs. So do what’s best for Firo and, if the coin succeeds, miners will be there. Look at how often Ethereum kicks miners in the nuts (either rhetorically or by policy) and miners stick around… because it’s far and away the most profitable.

One thing that has been disappointing to me (as a tiny miner myself) is the lack of action on the part of other miners re: moving hash rate to other pools. If miners can’t be bothered to do that, then the issue/complaint re: security provided by miners is an entirely valid one IMO and they/we can’t really complain if the project doesn’t continue to pay a premium for services rendered.

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A bit upset as no one give attention on “research fund” as is the only thing that separate us from copy-cat coins without innovation or create something new.

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Please upgrade my account

Hi @reuben, I’m a long time community member (since 2018). Mostly followed/participated via Telegram, but also here once when the binance hack occurred in January 2021. How can I get the required trust status to participate in the voting session?

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Can you PM/DM me your account name on Telegram? I’ll verify and then I’ll upgrade your account. :+1:

是的 我非常认同 开发基金是一个项目长期发展和创新 吸引许多爱好加密货币的玩家 必不可少的。 我也觉得他的权重是非常重要的。 20% 也许是一个很不错的比例。有能者得之 能者多劳! 大家觉得呢!

I personally am okay with the research fund but whether there’s an operational distinction between separating core funds from research funds.

For e.g. should the research fund be operated independently from core team? Is the research fund community run or core team run or separate committee? This might make sense if the core team was very large but might add operational inefficiencies at current size.

Technically, both code funds and community funds can be channeled towards research which I agree is one of the foundations of Firo and one I hope can continue. The question is whether a separate fund is required.

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Is there a way to look at the Firo network decentralization anywhere? For instance, I run a basic masternode at Allnodes which is based in Germany. I could run an Advanced node so that I could run it out of a different data center.

I’m willing to reduce my rewards by paying more to Allnodes to offer more decentralization. I just want to make sure it is worthwhile for the network.

Hi jh_ride,
Welcome back to the forum :slight_smile:
As for the masternodes network decentralization, you can take look here: FIRO masternode implatation map (second tab: “masternodes map”).
I don’t know the reliability of this map.
You’ll see there are 1,561 masternodes in Germany, less han 38% of the 4,134 total masternodes. Even if all German masternodes were at Allnodes (which seems very unlikely to me), we are far from the 51% possibly critical for network security… and even further from the 80% and above of hash power at 2Miners for miners…

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https://firo.org/2022/04/01/shhhiba-rebrand.html

这里说又要改名,如果改了名币价继续跌呢?不如做点实事吧,改名改多了会起到反效果的。

This was an April Fool’s joke

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Mining will also come back after the price rises. Mining doesn’t believe much in privacy.It’s not to cancel mining. But when you purely use projects as money-making tools. You will also be used as tools.Only people who believe in privacy can stay in this project. I would rather invest most of my investment in faith in privacy.

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Wouldn’t mind being allowed to vote. We’ve chatted on Discord.

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Well said… just do what is right for the actual project.

Miners: 20%
Masternodes: 60%
Community fund: 5%
Development fund: 15%

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Miners: 20% 
Masternodes: 60%
Community fund: 5% 
Developement fund: 15%
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