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September 15, 2018, 06:48:46 AM |
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Hi,
I recently saw lots of medium & small sized altcoins forking to change block reward, masternode collateral etc. which caused exchanges to suspend trading, fork issues etc.
So I was thinking making such a coin would be nice:
* Miners (can be PoW miners or stakers) can set a value "rewardvote" and "mncollateralvote" (if its a MN coin) in their wallet. It wil be written in each block they make.
The function in the coin that check the masternode collateral or create a certain block reward, e.g. 2 coins per block will check the last 7days worth of block and adjust the rewards or MN collateral according to this value (calculates average of e.g. last 7days and uses this)
I would appreciate any feedback on my idea, I think this would be a really great coin to survive in markets where u dont know what tomorrow happens.
Some positive examples what people could do:
* If its a bull market ppl can vote for higher block rewards since there are lots of buyers.
* If price or interest is down people can vote for lower inwards so it doesnt drop much further too soon.
* To temporarely attract new buyers ppl could agree to vote for very high rewards just for a small time e.g. 1week or so and switch back to lower rewards!
While having this idea it also reminded me of central banks changing interest rates according if they think its needed or geckos simply changing their colors :-)
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