Re: What do you think of a coin who reduce the total amount of coins being minted?
This is just to get a feel for the altcoin communities feelings in this issue as it is being discussed in various coins at the moment.
Feel free to post a more detailed answer or suggest more / better options and I'll add them.
Feel free to post a more detailed answer or suggest more / better options and I'll add them.
The development of an altcoin should be determined by community consensus ...I feel. Give the people what they want.
Shameless plug >>> https://www.indiegogo.com/projects/goldcoin-the-future-of-digital-currency/x/4815996
How are you controlling supply?
It's done in the code. If there is a consensus within the community, a coin's developers can adjust the block reward/inflation rules.
How is consensus within the community determined?
Do you plan to change rules in the future?
Great question. I guess it would be determined by the fork. If a developer made a change that was unwelcome, the majority could abandon the new fork rendering the update null.
Goldcoin has no plans to change the coin rules. In my view, changing the rules would not be advantageous now or at any point in the future.
Says the coin that dropped mining rewards from 500 to 50 lol ironic you are in this thread...
I always assumed microguy was on bitcointalk purely for entertainment purpose
nothing else makes sense.