[ANN] Ħ [HODL] No Staking, 1% Standard Interest per Day, 750% APR For HOdlers

[peres]

Thanks I see now how to do it with my wallet, but I have not voted because it seems that block reward will not be reduced anyway and there is a warning about my wallet security (exposure of keys) if I vote (I am a newbie so I do not want to take any security risks that are not clear to me).

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[thefix]

I think we need to adopt some kind of rule for when a Nutocracy motion can be adopted -

I'm thinking 2 conditions need to be met

1. That it has 10% or more of the current HOdlings for 'HOdl' (currently around 50 million - so 5 million threshold required)
2. That it has more votes for 'HOdl' than for 'Do Not HOdl'

Current, this motion is uncontroversial with about 3.2 million votes behind it and may be considered adopted soon
https://nutocracy.herokuapp.com/arguments/that-the-block-reward-should-be-reduced

But this specific motion is controversial with 1.95 million for and 1.33 million against
https://nutocracy.herokuapp.com/arguments/that-the-block-reward-should-be-reduced-to-5-hodl-as-soon-as-possible

Does anyone else have ideas about how we might reduce the block reward in a less controversial manner?

What about leaving thing the way they are and just going with a GPU friendly mining algo.

Maybe Lyra2REv2 or some other algo with no asics created for it yet.

This would drive up the diff and have a similar result to reducing mining reward without being very controversial.

GPU Miners would make it less profitable for bots to CPU mine and dump coins

[Nthused]

I think we need to adopt some kind of rule for when a Nutocracy motion can be adopted -

I'm thinking 2 conditions need to be met

1. That it has 10% or more of the current HOdlings for 'HOdl' (currently around 50 million - so 5 million threshold required)
2. That it has more votes for 'HOdl' than for 'Do Not HOdl'

Current, this motion is uncontroversial with about 3.2 million votes behind it and may be considered adopted soon
https://nutocracy.herokuapp.com/arguments/that-the-block-reward-should-be-reduced

But this specific motion is controversial with 1.95 million for and 1.33 million against
https://nutocracy.herokuapp.com/arguments/that-the-block-reward-should-be-reduced-to-5-hodl-as-soon-as-possible

Does anyone else have ideas about how we might reduce the block reward in a less controversial manner?

What about leaving thing the way they are and just going with a GPU friendly mining algo.

Maybe Lyra2REv2 or some other algo with no asics created for it yet.

This would drive up the diff and have a similar result to reducing mining reward without being very controversial.

GPU Miners would make it less profitable for bots to CPU mine and dump coins

This would probably be one of the smarter, hardly used methods for combating the mentioned problems that some altcoins have.

For instance VanillaCoin, VASH or VCASH , whatever its name is now switched algorithms from whirlpoolx to blake 256 (with different hashing rounds then the normal blake)

[FreeTrade]

I think the cause of continued decline in price and market cap is due to miner dumping - there may be a few ways to resolve or mitigate this -

1. Big cut in block reward -  less HODL flooding the market guaranteed.
2. Block pools so only solo mining possible - this would cause inconvenience for botnets, they really seem to like pools.
3. Change PoW so only mining from wallet is possible - miners less likely to be dumpers.

I don't think changing interest rates or bonuses would help. Switch to GPU algorithm might give some respite for a short time, but I think GPU miners are likely to be dumpers too.

Generally I would say HOdlcoin should be run for the benefit of HOdlers, not miners. I see miners making some good arguments, but they need to convince HOdlers.

[FreeTrade]

How will reducing the block reward affect the overall supply of free HOdl?

Much of the supply growth over the next year is locked in and unaffected by mining.
Reducing the block reward will not have s significant effect on current supply but will
slow the growth of TDs which will slow the growth beyond one year.

I don't see a connection between the problem (low current price) and the proposed solution.
It still makes no sense to me conceptually but some numbers may make is clearer. Unfortunately
I don't have the numbers.

I also object to the proposal to change the block reward as a violation of HOdl's specifications. which
include a plan for block reward reductions and a declaration that it is "set in stone".

[stuff snipped]
Subsidy: 50 HODL subsidy per block
Halving: Every 4 years
Mining Supply:Total of 81,962,100 HODL will be mined
Interest Supply: Between 150,000,000 and 500,000,000 HODL will be paid in interest to HODLers


Fixed in Nature

The POW Algorithm considered a technical detail and is subject to change to favor CPU and consumer grade hardware with the intention of keeping mining participatory and distributed.

ALL OTHER PARAMETERS ARE SET IN STONE. There will be no changes to mining subsidies, interest rates, distribution etc.

This alone nullifies any proposal to make changes to the mining subsidy or any future proposals to change the parameters of this coin. Other than the mining algorithm.

Truly I'm loathe to countenance this. I wouldn't unless I thought the situation was critical. I think we can watch HOdlcoin die a slow, noble death sticking to its principles, or shake things up and give it a fighting chance. Nutocracy lets HOdlers decide. I think they should have a choice.

[liquidfunds]

I think the cause of continued decline in price and market cap is due to miner dumping - there may be a few ways to resolve or mitigate this -

1. Big cut in block reward -  less HODL flooding the market guaranteed.
2. Block pools so only solo mining possible - this would cause inconvenience for botnets, they really seem to like pools.
3. Change PoW so only mining from wallet is possible - miners less likely to be dumpers.

I don't think changing interest rates or bonuses would help. Switch to GPU algorithm might give some respite for a short time, but I think GPU miners are likely to be dumpers too.

Generally I would say HOdlcoin should be run for the benefit of HOdlers, not miners. I see miners making some good arguments, but they need to convince HOdlers.

Big cut in block reward will lead to big cut in net hashrate.
The main cause of price dropping is the high reward for term deposit.

[peres]

You have either taken advantage of the term deposit or you have not - I HAVE

[FreeTrade]

You have either taken advantage of the term deposit or you have not - I HAVE

Bonus interest rates and bonus for term deposit are still available, it is still early days. These high rates and bonuses cause demand for HODL at the moment, so I don't think it is a good idea to reduce them as some have suggested. The additional supply created is in the future when it may be more bearable.

[peres]

You have either taken advantage of the term deposit or you have not - I HAVE

Bonus interest rates and bonus for term deposit are still available, it is still early days. These high rates and bonuses cause demand for HODL at the moment, so I don't think it is a good idea to reduce them as some have suggested. The additional supply created is in the future when it may be more bearable.

Thanks

[Caladonian]

You have either taken advantage of the term deposit or you have not - I HAVE

Bonus interest rates and bonus for term deposit are still available, it is still early days. These high rates and bonuses cause demand for HODL at the moment, so I don't think it is a good idea to reduce them as some have suggested. The additional supply created is in the future when it may be more bearable.

yes mate don't reduce it because we can't predict what will happen and staking it inside the time period is just enough
to earn those bonus instead of making a day trade buy and sell stuff. i like your idea so just keep it that way.

[joblo]

I think the cause of continued decline in price and market cap is due to miner dumping - there may be a few ways to resolve or mitigate this -

1. Big cut in block reward -  less HODL flooding the market guaranteed.
2. Block pools so only solo mining possible - this would cause inconvenience for botnets, they really seem to like pools.
3. Change PoW so only mining from wallet is possible - miners less likely to be dumpers.

I don't think changing interest rates or bonuses would help. Switch to GPU algorithm might give some respite for a short time, but I think GPU miners are likely to be dumpers too.

Generally I would say HOdlcoin should be run for the benefit of HOdlers, not miners. I see miners making some good arguments, but they need to convince HOdlers.

Notwithstanding that it is supposed to be carved in stone my main concern with cutting the block reward is the effect it will
have on the supply as it is only one source of new coins, the other being mature TDs.

The supply increase will accelerate as the big longer term TDs start to mature adding more
to the supply than mining. This will be the  case until the interest rate has settled and all high interest TDs have matured.
The result is that cutting the block reward may be ineffective in reducing the supply of new HOdl.

If reducing the supply of new coins is desireable the technique used must be proven effective. With all the data used in Fuzzballs'
charts it should be possible to map the future coin supply based on existing minig parameters and the maturation of TDs.

I'm also concerned that the significance of the price drop is being exagerated. There are two factors contributing to this that are
unique to HOdl. The supply of tradeable coins is only 30% of the total supply which reduces liquidity, and the inflationary interest
rate will put constant downward pressure on the exchange rate as the big TDs start to mature. Both need to be considered when
analyzing price trends.

I'm not yet convinced there is a problem or that the proposed solution will fix it.

[GermanSailor]

Currently, almost Coins price under pressure. @FreeTrade, you should not change anything. Benefits as the reasonable prices to order more and create term deposits. This brings more income than CPU mining.

[Byte16]

At this price HODL mining will die even without block reward reduction.

[peres]

I am a newbie so much of the discussion is above my head BUT it does seem to me the HOdl coin is am original idea with enormous potential. However, it needs a connection to something in the real world - like shares on the stock market are connected to something real in the world. HOdl needs something (so maybe community should think about it and put forward ideas). Crowdfunding campaign could be set up with the right idea through somewhere like www.indiegooo.com [hope I do not seem foolish]

[Laamadeus]

2. Block pools so only solo mining possible - this would cause inconvenience for botnets, they really seem to like pools.
3. Change PoW so only mining from wallet is possible - miners less likely to be dumpers.

Changing this is good idea, I think so. I was miner on hodl and I was mining 24/7 with 2 pc, one with 8 core and one with 12 core. Then I didn´t found blocks anymore, like one block within 5 days, so I stop mining. If we block pools and allow mining only with wallet the real miners who will not sell those Hodls will come back in game, so the network is still secure and runs well and I think there is many Hodlers like me, who stopped mining, when pools and bots came.

If we allow pools and bots, then price is dropping too low and the real miners will not start mining again, so the network will be unsecure and stuck and so on termdeposits never came back and game is over.

Still in game and have term deposit all my hodls.

[GermanSailor]

complete agreement

[peres]

2. Block pools so only solo mining possible - this would cause inconvenience for botnets, they really seem to like pools.
3. Change PoW so only mining from wallet is possible - miners less likely to be dumpers.

Changing this is good idea, I think so. I was miner on hodl and I was mining 24/7 with 2 pc, one with 8 core and one with 12 core. Then I didn´t found blocks anymore, like one block within 5 days, so I stop mining. If we block pools and allow mining only with wallet the real miners who will not sell those Hodls will come back in game, so the network is still secure and runs well and I think there is many Hodlers like me, who stopped mining, when pools and bots came.

If we allow pools and bots, then price is dropping too low and the real miners will not start mining again, so the network will be unsecure and stuck and so on termdeposits never came back and game is over.

Still in game and have term deposit all my hodls.

Me too - term deposit all my HOdl's :-)

[TTXK]

If we block pools and allow mining only with wallet the real miners who will not sell those Hodls will come back in game, so the network is still secure and runs well and I think there is many Hodlers like me, who stopped mining, when pools and bots came.

I think so too. You need to lock the pools.

[ocminer]

2. Block pools so only solo mining possible - this would cause inconvenience for botnets, they really seem to like pools.
3. Change PoW so only mining from wallet is possible - miners less likely to be dumpers.

Changing this is good idea, I think so. I was miner on hodl and I was mining 24/7 with 2 pc, one with 8 core and one with 12 core. Then I didn´t found blocks anymore, like one block within 5 days, so I stop mining. If we block pools and allow mining only with wallet the real miners who will not sell those Hodls will come back in game, so the network is still secure and runs well and I think there is many Hodlers like me, who stopped mining, when pools and bots came.

If we allow pools and bots, then price is dropping too low and the real miners will not start mining again, so the network will be unsecure and stuck and so on termdeposits never came back and game is over.

Still in game and have term deposit all my hodls.

Me too - term deposit all my HOdl's :-)

Lol guys..

Yeah, block all public pools so only private pools will be available.

Pools,  public or private,  cannot be blocked. Wherever are miners,  are pools,  pools are not the problem,  you earn more coins by hodling and staking than mining

[peres]

2. Block pools so only solo mining possible - this would cause inconvenience for botnets, they really seem to like pools.
3. Change PoW so only mining from wallet is possible - miners less likely to be dumpers.

Changing this is good idea, I think so. I was miner on hodl and I was mining 24/7 with 2 pc, one with 8 core and one with 12 core. Then I didn´t found blocks anymore, like one block within 5 days, so I stop mining. If we block pools and allow mining only with wallet the real miners who will not sell those Hodls will come back in game, so the network is still secure and runs well and I think there is many Hodlers like me, who stopped mining, when pools and bots came.

If we allow pools and bots, then price is dropping too low and the real miners will not start mining again, so the network will be unsecure and stuck and so on termdeposits never came back and game is over.

Still in game and have term deposit all my hodls.

Me too - term deposit all my HOdl's :-)

Lol guys..

Yeah, block all public pools so only private pools will be available.

Pools,  public or private,  cannot be blocked. Wherever are miners,  are pools,  pools are not the problem,  you earn more coins by hodling and staking than mining

OK so forgive my foolishness - I know what "staking" is, but what is "hodling"?