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Alternative to Fee #30

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mogrith opened this issue May 12, 2017 · 1 comment
Open

Alternative to Fee #30

mogrith opened this issue May 12, 2017 · 1 comment

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@mogrith
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mogrith commented May 12, 2017

A close version of this is also on forums

One of the drawbacks of NavTech is the extra fee it costs users. But also we need a way to reward owners of Navtech servers.

Creating new coin to pay servers will increase inflation. However our current inflation overall is well under the 5% we allow. So if there was some way that Navtech servers could receive a stake bonus equal the Stake reward and stake *the ratio of non-staking-stakeing. the amount of coin inflation will always be less than 5%.

So if staking is 46% then non staking is 54% so navtech servers would get 7.7%. Navtech pools are much smaller than the non-staking coin pool so overall inflation is still under 5%

We could use a base bonus (2.5%) and add the ratio to the base This would make Navtech servers more attractive and still have little effect on overall inflation. in this case a Navtech server would get 5%+2.5%+2.7% or 10.2%. and we could drop additional fees.

This can also work when we move to dual chain wallets instead of stand alone servers. In your wallet you 'reserve' x coins for navtech. they stake at the navtech rate.

this ways fees can be turned off we don't have to worry about sharing fees between server clusters as there are no fees. Your return is based on coin invested in navtech not on traffic you randomly get sent.

this is a more 'masternode' type of reward but does not cause staking wallets to have reduced rewards

@proletesseract
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Interesting idea. I like it. We will be implementing a 0 fee policy for Navtech 2.0 and will be looking to implement some kind of multichain masternode which runs Navtech. More to be revealed.

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