I thoroughly believe that CGB should stick to its guns and not change a thing about how the PoW and PoS systems are currently implemented. Altering them will dilute one of CGBs primary USPs by making it less rare and more importantly send the message "hey guys, we got it wrong" to investors which could end up scaring them off.
What we need to do is encourage investment, this amounts (amongst other things) to higher volume trade, far greater public awareness/discussion and a
steadily increasing price.
To achieve this I would propose that we implement a dedicated,
highly professional and informative multi-pool (lets find a better name than 'multi-pool' it sounds unprofessional IMO) directly controlled by the CGB core team.
This will have a number of advantages:
- Miners will be encouraged back into the fold with a higher CGB payout than directly mining it; increasing CGB's public profile and getting people excited/talking about CGB once again
- The CGB purchased from the multi-pool's profits (over a carefully selected number of exchanges) will increase trade volume and help to drive the price up slowly and controllably.
- A percentage of the the multi-pool's hash rate could actually help directly mine CGB to keep its hash rate up (NB. profits from CGB mining would be added directly to the multi-pool payout pot and not sold)
The
absolute key to all of this is to implement it in a highly professional manor (CGB's track record here is exemplary), lots of real-time graphs, predicted profit v direct mining, CGB news/rumour mill etc. All of this will have positive impact of CGB's public image, raise its profile and hopefully encourage both investors and large mining outfits to re-join the CGB family.
FR
Show Posts
placed an order on Poloniex for over quarter of a million! @50 satoshi each its a steal!
