1.5.4.5 Mandatory Upgrade Changes

[Rob Andrews]

This proposal seeks authorization to change the following parameters to allow a transition to our new UTXO staking environment:

- Phase In UTXO rewards and start to phase out PODC rewards:  In month 1 (March 2nd through April 2nd) - Decrease WCG PODC GSC contract emission percentage from 95% to 45%.  Increase UTXO Staking percent from 0% to 54%.  Decrease Healing percent from 5% to 1% (NOTE: This is not at all because we want to penalize healing - this is simply to increase our rewards to hard rewards only - I would like to give this campaign a continuing life at 1% because of the great good it is doing).
- In Month 2 (April 3rd and forward), Decrease PODC rewards from 45% to 0%.  Increase UTXO from 50% to 99%.  Healing stays at 1%.
- Increase our annual deflation rate from 30% to 36% until our emission matches our schedule
http://wiki.biblepay.org/Emission_Schedule_2020
- APM Changes: Emit coins when price is sideways or up (in contrast to Up)
- Disable new DWS whale stakes, but allow emission of unpaid existing stakes
- Disable DashStakes (note we allow these to be transferred to new UTXO stakes)

[sunk818]

Sounds like a good plan.

[earlzmoade]

Thumbs up from me.

[minerniner]

What does this mean for WCG? What changes as far as settings?

[Rob Andrews]

What does this mean for WCG? What changes as far as settings?

It means that WCG is being phased out, so that 100% of that mining expense can go toward UTXO stakes.  (There are 500 million potential users there, compared to 40 that we have in PODC).

We still have RandomX mining however.