Also it is not good that bigger wallet can affect everyone.. then its richer are getting richer? but smaller holders get their TEK devaluated
we cant have the situation when some Exchange can manipulate the price of our coin just by locking\unlocking its wallet for POstake...
peace
That's life. The rich always get richer. It is unfortunate to have an exchange staking...
Well!! Our little crypto-coin experiment shows that all of this is wrong and can be fixed!
Raising compound APY back up to 7400% isn't going to increase equality amongst TekCoin holders. The rich will continue to get richer...probably even faster as the "poor" dump their rapidly growing interest payments and the rich continue to pile up more Tek. In the fiat world equity disparity is often the result of a corrupt monetary system and bribed government officials. That is not the issue with TekCoin. The rich are getting richer here because they got in earlier(IOW risked capital sooner) and/or held longer. Neither of which is a good reason to "punish the rich". These are the folks that have been protecting the TekCoin blockchain before many ever heard of TekCoin. They're not villians, they're early adopters.
Tek is on a nice steady incline in market cap, why mess with it? Don't be like goobermint mucking around trying to fix stuff. The inflation controls are doing what they were intended to do. Compound APY is still over 500%. Suggest you not fix what ain't broken.
As to the issue of Cryptsy staking coins(if they are) I am 100% opposed...but then I don't understand people that leave high interest POS coins on exchanges anyway. Makes no sense whatsoever. Keep your coins in your own wallet and it won't be an issue.
great post, definitely a risk of making things worse overall with any changes. We are coming up on 2 years old Tek birthday and things are going great for 2015 we must tread carefully.