A high stake % is the last resort for driving price as everyone knows and have seen recently how all high stake % coins end. Stake % is empty and soon coin supply goes through the roof due to exponential growth and ;rice goes down quickly due to high sell pressure. So no it is not a good idea.
What drives real price is dev involvement with vision, strategy goals and plans. Therefore if this coin wants to succeed, the dev must come to the thread and wow the community with his vision and plans.
Yes, seen it all time at time again, with Maeuticoin, Snowballs, etc etc etc they had ridiculous POS to several thousand per cent, but a 2% annual POS, that is less than a banks standard customer interest bearing rate which is normally between 4.5% and 5.5%, higher during normal trading times and with restricted balances.
The problem at the moment is everyone is hanging about waiting for some sort of regulation to kick in, and digital currencies without being centrally issued like fiat when they are launched have no real value, because they are not backed by anything tangible they just draw from Bitcoins investment temporarily.
If we look at the decline of altcoins value, as much as 50%, sometimes more, since last week when Bitcoiners dumped their altcoin investment after manipulating altcoin prices for 12 months to try and make some dollars by investing in Bitcoin alone this sort of behaviour cannot be good for the industry and shows that Bitcoin wants to damage altcoins, is this any different from governments? People need to be suspicious about the Bitcoin frat.
Coins like Analcoin should be weopons against Bitcoin set at a super high price to pull as much value OUT of Bitcoin and into altcoins - the problem is and has always been keeping it there - I am an Altcoin investor, any profits from trading I invest in Altcoins, I am not at all interested in Bitcoin because I know eventually the market will adjust in altcoin's favour, if there is a market at all!
So yes, where is the dev, what else is happening;
1 how about in wallet sponsorship by a company that provides medicine for constipation or something
2 how about getting people in the sex industry to accept it, im sure people would like to be anonymous
Come and wow us with your vision and plans.
If stake % is indeed changed, because it is very low, then 10% per month stakely compounded is the sweet spot.
