Quote from: zerocoder on February 27, 2015, 02:14:49 AM

Quote from: njs811 on February 27, 2015, 02:10:56 AM

You know what I don't understand, why does a block reward have to go down? Every economy in the world introduces new money into their system every day. I can't remember the exact number but the U.S.A. introduces like 30 million into the economy every day. I would think that a future coin should allow the block reward to increase not decrease. As more people get interested the difficulty increases, as it increases so does the block reward. People would be tempted to sell there coins when there were fewer of them (at higher prices) which stimulates an economy. The goal is not to create a currency that people will hold onto, but to create a currency that people use and spread. As the coin supply reaches a higher supply, and the price goes down, it will then be easier to use the coin to represent a dollar (or similar price).

** If you take my idea at least let me in on the pre-mine lol.
***Dump then pump.

The problem is early adopters, they want to get their rewards that's why it is happen in that way

But the early adopters would get a few coins, but over time there coins would be worth less than before (because the supply increases). This encourages people to sell right away if they want to make a profit (further spread of the coin) And once the difficulty gets extremely high the coin will be worth a small trade-able amount. (Like $1) Which makes it known worldwide and used worldwide.

Coin release
high profit
people dump immediately
price drops
people mine the coin in pools
as more people mine they are essentially making less than before
As more mining farms jump on they make more coins, but worth less money.
this increases the trade volume required to make a profit.
You now have a coin that is economically saturated.

**If you did it correctly the deflation would happen slowly over time. Deflation of a currency is completely normal, and expected.