Quote from: bonifacy on January 02, 2015, 09:42:10 PM

Quote from: melwinder on January 02, 2015, 08:05:03 PM

Quote from: bonifacy on January 02, 2015, 06:46:53 PM

1) Increasing total number of blocks - No!
2) PoS - No!

If I may ask, what did you mean by "No!" --- did you mean it as in, don't do it? or did you mean it as, you don't see it in effect right now?
Cause if you don't see it implemented right now, that's because we haven't coded it yet, the increase of number of blocks Or the PoS.
We should be able to get the Proof of Stake implemented within the next 2 months, hopefully less though

1) Increasing total number of blocks - No!
Left more than 1,000,000 of blocks. It's more than 22 months of minning (one block per 1 minute). In my opinion the number of block is sufficient. I don't see reason to increase it. Better concentrate why blocks are mining too fast (please see my previous post).

2) PoS - No!
There are many crypto currencies with PoS implementation. But what for? To keep coins on wallet and wait for interest which are extremely low? I think that keeping coins isn't good for coins. I think that trading is more valuable for coins. I don't see any advantages of PoS. So no. PoS is bad idea. Please do not implement PoS.

It's my opinion. You will do what you want

Hi there! I'm one of the people that's also helping to work on this coin's re-design, and maybe I can help you understand a little of what we're trying to do. Not trying to argue with you, just maybe explain things so they make more sense.

1. The reason we want to increase the total number of blocks after a certain point with a fixed reward of 1 TTY is to continue the security of the blockchain, as well as give miners the chance to still invest in the coin if they don't feel like buying into it. Many coins have a PoW that ends, and that prevents a lot of people from hopping on board if they don't have the btc to buy into it. And we are currently working on why blocks are being mined so fast as well, that's why we're planning a difficulty retargeting along with our changes.

2. The PoS implementation in many coins is not only for staking more coins and rewarding coinholders, but it also serves as additional blockchain security. However, there are a few aspects of PoS that will still allow versatile coin movement in trading. We have been discussing not only the PoS percentage, but also the minimum age for coins to mature before they can stake. I'm not sure if I can go into specifics right now without consent of the main dev, but you will see our plan when it is unveiled. Just know that it won't be solely based on holding coins - I agree with you. Too much holding of coins is bad for its market, but if you do it just right it can end up quite nice.

Thank you for your input and your interest!
-Voltarius