Re: [ANN] MANDATORY UPDATE ██ ZEITCOIN MOVEMENT [FULLY POS] ██
.. dropping to 5% would have some positive effects, the value of your zeitcoins would rise faster as the exchanges will not be loaded with people selling their stake keeping the price per zeit lower. Plus it requires you to own more zeit to be able to stake the same amount and weakens any whales out there. Don't forget we got 1 whale with 4 billion coins at the moment.
Would like to recommend that everyone begin spreading their coins so they stake more times per day, as this will have a effect of strengthening our network without making any code changes.
I agree in principle with both of your ideas here for the reasons that you give.
- Dropping the percentage ahead of schedule, at the right time.
- Network security - one way to achieve your goal of strengthening the network in the way that you suggest is to set a maximum amount of POS interest that could be minted by a single coin block - just like HoboNickels do. For example, any block above 5 million Zeit would not be able to mint any more interest than could be generated by 5 million Zeit, or whatever maximum figure might be decided in the future.
