Re: NobleCoin[NOBL] - Redefining 2015 - Colored Coin 'Fuel' [NOXT/NOCC]
I have started working on a PoS wallet for Noblecoin. This is just the very beginning so please do not expect miracles anytime soon. 
However I would like to ask everyone on this thread what is your opinion on PoS parameters which should be chosen. Feel free to elaborate why you think those are best for us. Maybe someone did research into PoS parameters and would like to share results? I would love to hear that!
However I would like to ask everyone on this thread what is your opinion on PoS parameters which should be chosen. Feel free to elaborate why you think those are best for us. Maybe someone did research into PoS parameters and would like to share results? I would love to hear that!
1. I think we should have very moderate to small inflation rate at PoS stage. No "High PoS".
With PoW, when calculated year-to-year starting from now (1.8 bln + another 2.6 bln in 365 days), the PoW inflation now is 144%.
For PoS, in my opinion maybe 5%-10% a year would be good. The highest PoS coins have seen a big hype (see HYP), but then the fall is very dramatic, because of the enormous supply.
2. I think we can make a transition to PoS at a "round number" like 2.0 or 2.1 bln NOBL (depending when will we manage to have a running PoS wallet)/
3. I think we should distribute new PoS NOBLes using the fairglu'd automated script method on some clone of 100% premined PoS coin.
4. IMO it would be good to divide the money units (coins) in circulation by 5 or 10 to avoid 1-digit satoshi price range (Ratio 5:1 or 10:1. In this scenario, 1 mln old NOBL would equal 200k or 100k of new PoS NOBL, distributed evenly to all existing addresses, redeemable at any time in the future from your old wallet.dat).
I agree with 5-10%. No high pos.
Just keep the stake rates steady along that line.
I personally believe 5% to be more then enough. We are going for a good, professional crypto currency here. 5% is more then plenty for inflation.
I think slightly higher. At 5% it isn't worth leaving a computer on staking IMO.
I think rofo decided on 12% from what I can remember.
Indeed 5% seems too low to effectively secure the network. 12% better, and possibly even a bit higher (i.e. 20% - 30% range); in the short term network security (staking) is more important than inflation.
Also pls consider a system of constant amount of coins like Ethereum so that inflation decreases over time (as opposed to constant inflation, which is the case with a constant POS rate, even if it's low...).