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Title: Why coins are used to be halved, but not something like 80%, 75%? Post by: Manwe on February 13, 2014, 06:40:30 AM Like reward X 80% every week, I think it can be a great idea.
Title: Re: Why coins are used to be halved, but not something like 80%, 75%? Post by: yaboymarvo on February 13, 2014, 07:22:35 AM Like reward X 80% every week, I think it can be a great idea. you would need a huge total amount of coins to keep mining going for more than a week with that reward cut,and something with that high amount would never be worth anything.Title: Re: Why coins are used to be halved, but not something like 80%, 75%? Post by: chinabreak123 on February 13, 2014, 07:26:56 AM nobody can do this
Title: Re: Why coins are used to be halved, but not something like 80%, 75%? Post by: brooklynite on February 13, 2014, 08:08:08 AM I dont think the first two posters understood you.
I think you are saying instead of the coin-per-block reward be multiplied by 50% every few months or so, why doesnt it get multiplied by 80% every few weeks. I think its a great idea. Just another thing Satoshi put in bitcoin to make it useless. Like its 10min confirmation and the ability he left in there to make new altcoins left and right, plus the limitation that forces us to use pools and losing 30% of our coins to the pool owners. A lot is wrong with Bitcoin's logic and I still have not even gotten to the technical issues like the malleability thing. Title: Re: Why coins are used to be halved, but not something like 80%, 75%? Post by: FreeTrade on February 13, 2014, 10:03:51 AM MemoryCoin has this kind of reduction - 5% reduction each week.
Title: Re: Why coins are used to be halved, but not something like 80%, 75%? Post by: Acidyo on February 13, 2014, 10:10:11 AM I dont think the first two posters understood you. I think you are saying instead of the coin-per-block reward be multiplied by 50% every few months or so, why doesnt it get multiplied by 80% every few weeks. I think its a great idea. Just another thing Satoshi put in bitcoin to make it useless. Like its 10min confirmation and the ability he left in there to make new altcoins left and right, plus the limitation that forces us to use pools and losing 30% of our coins to the pool owners. A lot is wrong with Bitcoin's logic and I still have not even gotten to the technical issues like the malleability thing. what pools do you use that you lose 30% of your coins?:P but yeah, this is a good idea in fact, don't understand how none of the 10 new coins/day have used a block halving of 10% or more instead of the usual 50%. Title: Re: Why coins are used to be halved, but not something like 80%, 75%? Post by: Acidyo on February 13, 2014, 10:11:25 AM MemoryCoin has this kind of reduction - 5% reduction each week. oh cool, didn't know that. More coins should implement this to be honest, for a more natural price increase instead of a 50-100% spike. Title: Re: Why coins are used to be halved, but not something like 80%, 75%? Post by: Manwe on February 13, 2014, 04:42:06 PM I dont think the first two posters understood you. Yes, this is what I meant.I think you are saying instead of the coin-per-block reward be multiplied by 50% every few months or so, why doesnt it get multiplied by 80% every few weeks. I think its a great idea. Just another thing Satoshi put in bitcoin to make it useless. Like its 10min confirmation and the ability he left in there to make new altcoins left and right, plus the limitation that forces us to use pools and losing 30% of our coins to the pool owners. A lot is wrong with Bitcoin's logic and I still have not even gotten to the technical issues like the malleability thing. Title: Re: Why coins are used to be halved, but not something like 80%, 75%? Post by: tbitt on February 13, 2014, 05:18:15 PM MemoryCoin has this kind of reduction - 5% reduction each week. oh cool, didn't know that. More coins should implement this to be honest, for a more natural price increase instead of a 50-100% spike. WorldCoin is also reducing block reward 1 % per week. |