Soap box time:
I think this is a necessary conversation to have if this coin is to survive.
Something needs to change or all the dev team/community's efforts will have been in vain.
This coin currently has one fatal (fixable) flaw:
Its annual inflation rate is 111%.
Remember that our staking rewards are inflation for this currency.
Staking rewards are necessary to carry the network, but they must be kept at a level that does not render the currency impractical via rapid price decline.
Because of the 111% annual inflation, the value will continue to decline over time.
Can you imagine if the Federal Reserve or other central bank's policy resulted in 111% inflation?
People would literally die over that.
I'm partly responsible for this. Maybe I should have voted a lot more times for 11%, but even 11% inflation will torpedo a currency.
Maybe I should have been more vocal about my concerns.
I know everyone wants more coins without paying for them, and staking seems like a great way to do that.
But what is the point in roughly doubling your number of coins each year if the value drops by 80+%? You still have less value at the end of the year.
If this isn't changed, the value will eventually peg at 1 sat.
In order for a currency to be useful as a currency, it must be relatively scarce and therefore hold value.
This cannot be achieved at 111% inflation.
Can we re-vote for staking rewards, and make it something that is a reasonable inflation rate again?
I figured I'd give it time before bringing it up, to allow the issue to become more obvious.
Have we learned our lesson yet?
/endrant