More idea sharing please! Maybe something will be possible and make a nice feature for nobl
If NOBL wants a new type of PoS to separate itself from the rest - go for a variable interest rate based a new parameter - maybe called resident age or something. The longer you hold noble within a certain coin address without exchanging it elsewhere, the more interest those coins gain. I would say give it an exponential equation and then cap it at a certain amount. This way the most benefit is from holding very long.
While coin supply will never be capped, if you constantly record data and track inflation, these parameters can be tweaked to ensure reasonable overall coin inflation rate. And this should be made clear up front that the first 1-2 years are experimental years and that the interest rates will be tweaked periodically (say every 6 months). Then you can work out how to get to 5 billion in the remaining 3-4 years.
With a market cap of $50K, you have a lot more room to look into making some drastic changes.
Anyway, just my idea. I would love to see some coin do this and I don't believe any PoS coin yet has.
that even if nice idea maybe isnt what im asking for
u dont want to wait another 6 months for POS
so we go with DMD POS framework and your POS settings
here are the details about DMD POS
http://bit.diamonds/community/index.php/topic,46.msg376.html#msg376in case of NOBLE POS the framework will be the same
the amount of coins is different and the POS reward rates and triggers can be different.
some kind of dynamic adjustment is part of DMD trigger rules
because we as only coin on market use total coins as triggers and not blocknumber
this way our triggers always get fired at the moment
we want no matter if more or less people did POS than expected
lets give ya a example how NOBLE POS could set up
early adopter reward phase
up to 3 billion coins POS reward 100%
then a moderate POS coin rollout
up to 4 billion coins POS reward 30%
up to 5 billion coins POS reward 20%
up to 6 billion coins POS reward 10%
finally a endless POS secure network and minimal inflation rate
after 6 billion coins POS reward 1%
this is less than half of example mintcoin coin amount
and mintcoin is able still hold his place in BTC markets
i wouldnt aim for any higher final coin amount
but maybe a smaller one if u aim for 4 billion at last 1% trigger it wouldnt hurt too
this way the triggers before must be adjusted to something like
early adopter reward phase
up to 2.5 billion coins POS reward 100%
then a moderate POS coin rollout
up to 3 billion coins POS reward 30%
up to 3.5 billion coins POS reward 20%
up to 4 billion coins POS reward 10%
finally a endless POS secure network and minimal inflation rate
after 4 billion coins POS reward 1%
basical i prefer that second model
to be a single digit satoshi coin on market is a difficult position
(if only trade jumps of 10% are possible....)
lower total coins amount can help leave that spot
so beside think about revolutionary new POS ideas
lets decide on the adjustments u want for NOBLE out of the available POS ruleset
the Diamond way is integrate "revolutionary" stuff when its proven as part of wallet "evolution"
and NOBLE community is sure same mindset security and stability first
I think this is a fine idea if it means that it won't need to be completely rewritten. I don't want to wait another 6 months...
It is a little over my head too, but how long would each of the phases last approximately? I guess it all depends on how many people are staking.
