you should fork this and reduce the slow confirmations...
Forked but I have not submitted a pull request to the "dev" yet.
This is a big change to the fundamental ideas behind the coin...
I say we bump the PoS reward to 10% so there is at least SOME incentive to stake, drop PoW reward on the floor and keep it going long-term. I tried keeping with the original ideas of TECHcoin when forking, but the original ideas were the failure point, as it seems this coin has them too. I know the coin total will grow a lot faster than originally proposed, but it should stabilize the usability, and therefore is a reasonable trade off. Best to do it all in one shot so there aren't a series of updates.
What I propose (let me know if these changes are correct for what I want it to do please)
https://github.com/edn247/Firecoin/compare/patch-1Change base PoW reward to 0.05 coins from 5 coins:
967 - int64_t nSubsidy = 5 * COIN;
967 + int64_t nSubsidy = 0.05 * COIN;
Change last PoW block from 4k to 400M:
29 -static const int LAST_POW_BLOCK = 4000;
29 +static const int LAST_POW_BLOCK = 400000000;
Change PoS reward to 10%
(thinking having this reduce over time may be wise, will work on figuring how to make that work
[first attempt: after a year /10, so back to 1%]
https://github.com/edn247/Firecoin/commit/de5a340bca2233f45ca6f26f222007b0ba69cb4a)
39 -static const int64_t COIN_YEAR_REWARD = 1 * CENT; // 1% per year
40 -static const int64_t MAX_MINT_PROOF_OF_STAKE = 0.01 * COIN; // 1% annual interest
39 +static const int64_t COIN_YEAR_REWARD = 10 * CENT; // 10% per year
40 +static const int64_t MAX_MINT_PROOF_OF_STAKE = 0.1 * COIN; // 10% annual interest
Thoughts on these and any other changes you think would help this coin are appreciated. Let's make this a community effort and discuss!
