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techlover (OP)
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September 02, 2014, 04:41:24 PM |
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As mentioned earlier, we have applied for PoD, hopefully we will get verified soon.
In the meantime, we are working to implement my ideas inspired when I was a miner and trader.
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Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
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whatdidshedo
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September 02, 2014, 04:41:36 PM |
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how bout cutting supply? my rentals are about expired  |
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andrepierre
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September 02, 2014, 04:48:01 PM |
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Suggestion to the devs and I wonder what the community would think.
I would like to suggest to the devs to consider to make coins less, this would decrease the amount of coins and make it more valuable.
What about stop mining at block 12000 and transition to POS.
Easiest example was XC they reduced amount of coins and the price sky rocket.
Maybe something to consider and will hype the coin.
Rgds
Andre
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qiuxiang
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September 02, 2014, 04:49:47 PM |
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how bout cutting supply? my rentals are about expired Agree, cut supply pls, say max block is 12000-13000, prevent dump by multipool and large farm |
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yellowduck2
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September 02, 2014, 04:58:34 PM |
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if supply is cut premine is no longer 1%
if u want to cut , have to give at least 24 hours notice for pool to change wallet
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andrepierre
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September 02, 2014, 05:05:55 PM |
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If consider to make coins less, maybe the devs can consider to destroy some of their coins to make it 1% premine again.
I really do think it will let the price rise and will benefit everyone.
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techlover (OP)
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September 02, 2014, 05:07:32 PM |
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Thanks for all your suggestions, I have chatted with team members, we are not sure whether it is a good idea or not. We would like to hear what forum members say. If it is highly demanded by the community, we may do a change and as mentioned by yellowduck2, we will notify pools 24 hours ahead.
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whatdidshedo
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September 02, 2014, 05:08:11 PM |
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if supply is cut premine is no longer 1%
if u want to cut , have to give at least 24 hours notice for pool to change wallet
yeah 12k block is in 2 days i would think so pleanty of time to change and notify pools and exchanges to update wallet (if nececary) but preine can be dealt with different way i assume .. |
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yellowduck2
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September 02, 2014, 05:09:04 PM |
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Thanks for all your suggestions, I have chatted with team members, we are not sure whether it is a good idea or not. We would like to hear what forum members say. If it is highly demanded by the community, we may do a change and as mentioned by yellowduck2, we will notify pools 24 hours ahead.
However , i disagree with changing coin supply. Longer PoW can better distribute the coin. For instance , some people might be waiting for higher reward before starting to mine. |
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IceColdTommy
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September 02, 2014, 05:09:18 PM |
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Thanks for all your suggestions, I have chatted with team members, we are not sure whether it is a good idea or not. We would like to hear what forum members say. If it is highly demanded by the community, we may do a change and as mentioned by yellowduck2, we will notify pools 24 hours ahead.
don't cut pow blocks just make pos start earlier, it will lower the amount of pow blocks |
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yellowduck2
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September 02, 2014, 05:09:56 PM |
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Thanks for all your suggestions, I have chatted with team members, we are not sure whether it is a good idea or not. We would like to hear what forum members say. If it is highly demanded by the community, we may do a change and as mentioned by yellowduck2, we will notify pools 24 hours ahead.
don't cut pow blocks just make pos start earlier, it will lower the amount of pow blocks This is a better suggestion. |
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whatdidshedo
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September 02, 2014, 05:11:46 PM |
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Thanks for all your suggestions, I have chatted with team members, we are not sure whether it is a good idea or not. We would like to hear what forum members say. If it is highly demanded by the community, we may do a change and as mentioned by yellowduck2, we will notify pools 24 hours ahead.
don't cut pow blocks just make pos start earlier, it will lower the amount of pow blocks yeah if POS startts cutting into POW it will lower supply somewhat, good thinking |
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andrepierre
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September 02, 2014, 05:12:10 PM |
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Yellowduck2 just looked at XC when coins was made less, the price doubled in no time. It will be to the advantage of coin.
Nothing stop you to start mining now and also like you suggest if miners wait to mine coins for higher reward it will dump the price.
Really something to consider
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yellowduck2
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September 02, 2014, 05:13:11 PM |
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Yellowduck2 just looked at XC when coins was made less, the price doubled in no time. It will be to the advantage of coin.
Nothing stop you to start mining now and also like you suggest if miners wait to mine coins for higher reward it will dump the price.
Really something to consider
longer PoW = more dump = better coin distribution. People who cant mine buy coin from miner dump at cheap price which better distribute the coin. As a miner of course they want to cut as soon as possible but as an investor they want as cheap coin as possible. Longer PoW better distribution for miner (more miner when PoW reward get higher) as well as investor get cheap coin. |
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bitcoinwonders010
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September 02, 2014, 05:15:16 PM |
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i may have asked this before but cannot find my post. does anyone know how much coins in the max pow coins will be created
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bitcoinwonders010
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September 02, 2014, 06:05:31 PM |
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Yellowduck2 just looked at XC when coins was made less, the price doubled in no time. It will be to the advantage of coin.
Nothing stop you to start mining now and also like you suggest if miners wait to mine coins for higher reward it will dump the price.
Really something to consider
longer PoW = more dump = better coin distribution. People who cant mine buy coin from miner dump at cheap price which better distribute the coin. As a miner of course they want to cut as soon as possible but as an investor they want as cheap coin as possible. Longer PoW better distribution for miner (more miner when PoW reward get higher) as well as investor get cheap coin. how bout max POW 60 million coins |
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tbearhere
Legendary
 Offline
Activity: 3136
Merit: 1003
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September 02, 2014, 06:38:05 PM |
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Yellowduck2 just looked at XC when coins was made less, the price doubled in no time. It will be to the advantage of coin.
Nothing stop you to start mining now and also like you suggest if miners wait to mine coins for higher reward it will dump the price.
Really something to consider
longer PoW = more dump = better coin distribution. People who cant mine buy coin from miner dump at cheap price which better distribute the coin. As a miner of course they want to cut as soon as possible but as an investor they want as cheap coin as possible. Longer PoW better distribution for miner (more miner when PoW reward get higher) as well as investor get cheap coin. +1  |
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IceColdTommy
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September 02, 2014, 06:49:20 PM |
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Yellowduck2 just looked at XC when coins was made less, the price doubled in no time. It will be to the advantage of coin.
Nothing stop you to start mining now and also like you suggest if miners wait to mine coins for higher reward it will dump the price.
Really something to consider
longer PoW = more dump = better coin distribution. People who cant mine buy coin from miner dump at cheap price which better distribute the coin. As a miner of course they want to cut as soon as possible but as an investor they want as cheap coin as possible. Longer PoW better distribution for miner (more miner when PoW reward get higher) as well as investor get cheap coin. Longer pow will only get to more dumps maybe even to 1 sat, how do you expect to recover from that and till where 50 sat, that will only make coin undervalued so if coin has some good future plans like this one has it should have less coins not more, so i again say start pos before pow ends it will still leave choice to miners, they can keep their wallets closed so no POS blocks will be generated and there will be more POW again |
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andrepierre
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September 02, 2014, 07:51:11 PM |
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Price went up to 100 Sat and now we can see what happen if miners dump and there are too many coins.
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cryptoholic11
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September 02, 2014, 07:53:31 PM |
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Thanks for all your suggestions, I have chatted with team members, we are not sure whether it is a good idea or not. We would like to hear what forum members say. If it is highly demanded by the community, we may do a change and as mentioned by yellowduck2, we will notify pools 24 hours ahead.
However , i disagree with changing coin supply. Longer PoW can better distribute the coin. For instance , some people might be waiting for higher reward before starting to mine. Imho, contrary to popular opinion, fair distribution leads to inevitable stagnation and low volume, which leads to a dying coin. Big volume need whales and whales need majority of market share... |
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