Dan Larimer Proposes Compound Interest For Staking by eosmastering

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eos · @eosmastering · Jul 21 '18 (edited)

$47.31

Dan Larimer Proposes Compound Interest For Staking

![Block One.png](https://cdn.steemitimages.com/DQmfSvWzwmjNgtP63JKBGfo74nH2ZWvpYeUHaqti3geZWXF/Block%20One.png)

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. 

&nbsp;

Basically it would mean that at the current price of RAM you would get around 100 EOS per year if you have 1000 EOS, just for staking. This idea will also encourage people to get their tokens off the exchanges to get compounding interest and many other positive things. 

More info in this video if you are interested

https://www.youtube.com/watch?v=aNmfJ9VTueg

&nbsp;

## Recent Posts By EosMastering


&nbsp;

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> Disclaimer: eosmastering is not associated or affiliated with EOS or Block.one in any way. It is a private informational blog run by an EOS investor

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@allcapsonezero · Jul 25 '18

The issue is that now the EOS token would be inflating at a much larger rate.

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@boomerang · Jul 21 '18

This post has received a 9.0 % upvote from @boomerang.

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@booster · Jul 21 '18

<p>This post has received a 14.51 % upvote from @booster thanks to: @eosmastering.</p>

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@chesatochi · Jul 22 '18

It is a cool proposition and interest possibility.

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@emperorofnaps · Jul 21 '18

re-eosmastering-dan-larimer-proposes-compounding-interest-for-staking-20180721t215353362z

You got a 36.95% upvote from @emperorofnaps courtesy of @eosmastering!

Want to promote your posts too? Send 0.05+ SBD or STEEM to @emperorofnaps to receive a share of a full upvote every 2.4 hours...Then go relax and take a nap!

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@igorsamo · Jul 22 '18

How do you think @eosmastering what will happen next?

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@indurkin · Jul 22 '18

$0.19

Interesting idea, the ability to delegate for a return may prove to be better in the long run.

👍 indurkin, itchykitten, gruber

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@introduce.bot · Jul 21 '18

✅  @eosmastering, enjoy the vote!<br><br> Have you claimed your FREE Byteballs yet?  Check out this post on how you can get $10-80 just for having a Steem account: https://steemit.com/steem/@berniesanders/get-free-byteballs-today-just-for-having-a-steem-account-usd10-80-in-free-coins

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@surikowstepanuk · Jul 22 '18

@eosmastering, I'm waiting for the continuation of the topic

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@tipu · Jul 21 '18

This post received upvote from @tipU :) | <strong><a href="https://steemit.com/steem/@tipu/tipu-voting-service-quick-guide-updated-09-07-2018" rel="noopener">Voting service guide</a></strong> | <strong><a href="https://steemit.com/steemit/@tipu/receiving-daily-profit-with-tipu-quick-guide" rel="noopener">For investors</a></strong> | <strong><a href="https://steemit.com/steemit/@tipu/tutorial-claiming-byteball-airdrop-tokens-worth-of-usd10-to-usd160-for-free" rel="noopener">Claiming Byteball Airdrop Guide</a></strong>.

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@vimukthi · Jul 22 '18

$0.09

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.

👍 d-zero, someonewhoisme, jorge090202, linlee888, indurkin, hors

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@indurkin · Jul 22 '18

$0.19

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

👍 indurkin, vimukthi, hors

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@vimukthi · Jul 22 '18

$0.04

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.

👍 d-zero, indurkin, hors

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