Proposal Date - August 16th 2024
The 4th and final proposal of the 'balancing' proposals. All 4 will go hand-in-hand in creating a more fair and balanced Qortal network.
'blocksMintedAdjustment' was the term given to the 'extra' blocks worth of 'credit' given to the QORA forgers prior to Qortal Genesis. The adjustment represents blocks that were NOT MINTED ON QORTAL, and honestly should have never been a thing. The time has come now for them to be removed from credit toward minting level and rewards. This is the final proposal for the initial 'balancing' of the Qortal Network currently live.
The original concept for blocksMintedAdjustment's creation, was to 'reward those who supported QORA while the project was considered dead'. Those who were forging the network for NO REWARD during the timeframe after it was considered 'dead' by the world, were given an OPPORTUNITY. This opportunity was to be able to earn a pre-enabled level on the Qortal Network by supporting QORA. However, it was quickly taken advantage of by those who were greedy and looking only to enrich themselves by taking advantage of the Qortal Minting Consensus by way of the one game 'self-sponsorship'.
blocksMintedAdjustment was also given so that there would be MORE accounts with the ability to sponsor at Genesis. If this wouldn't have taken place, then only the Qortal founders would have been able to sponsor at Genesis of Qortal. The idea was to ensure that there were more accounts that were able to sponsor and not just the founders. The plan didn't work out as expected, and as such, it is time for a modification.
This proposal is a very simple one. It does not require a massive detailed statement to be published. There is only one change. This change will be that the 'blocksMintedAdjustment' is no longer utilized.
Blocks Minted Adjustment is simply no longer necessary. Therefore it will no longer be included in the level or toward weight of any minter. This will make it so that only the blocks that were ACTUALLY minted will be given any sort of credit or influence. Those that were given the blocksMintedAdjustment will be going down in overall minter level by the number of blocks in the blocksMintedAdjustment.
Only REAL blocksMinted will count toward level, which means only REAL blocksMinted will be credited toward the minter tier and rewards.
There really isn't anything else to this proposal, very simply put blocksMintedAdjustment will no longer be credited toward minting level nor rewards calculation. Only REAL blocksMinted will count.