Re: [ANN] [VIA] ★ Viacoin ★ ~ the future of digital currency ~ ★
It's not a concrete proposal and it's nowhere near technically sound, I don't see Drak agreeing to a change recommendation solely for that purpose.
VIA updating the current website, outdated and broken links, via/xch block explorers, clearinghouse!! blog updates and community building are, in my opinion a greater priority.
I would like to see all those things updated before 'Via's big news' breaks, whatever that is!
VIA updating the current website, outdated and broken links, via/xch block explorers, clearinghouse!! blog updates and community building are, in my opinion a greater priority.
I would like to see all those things updated before 'Via's big news' breaks, whatever that is!
Please correct me, but Drak always EMPHASIZED that this is a community project and hes just the "tech guy" (please no offense here, VIAs tech is still great imo). In other words: he will stay out of political or market discussions, community has to decide where the coin is going and changes can be submitted at any time. He will only use his "veto" if it hurts VIA in a technical way, otherwise every proposal that gets enough community support will be tried to be implemented.
Since mining is secured by merge mining REGARDLESS OF REWARDS, I dont see how a reduction of the inflation can hurt VIA. Quite the opposite if the fork is done professionally. I agree that website maintainence etc. has to be done as well, but since you mentioned "community building": how should this work? How has it worked the past year?
Modifying the reward schedule is a concrete chance to get some people involved again, at least getting VIA back on the radar. It's not super big news, but at least better than nothing and a step into the direction of "community building".
I have a suggestion for a better block subsidy as was being discussed a few weeks ago. Sorry for lurking, but I never had anything to say before. How about introducing the more traditional block halving from a set point in the future. Something along the lines of
This would reduce the block schedule significantly in about 7 months from now.
Code:
main.cpp:
CAmount GetBlockValue(int nHeight, const CAmount& nFees)
{
//...
} else if (nHeight > 1400000) {
int halvings = nHeight / Params().SubsidyHalvingInterval(); // 675000 blocks or 6 months
// Force block reward to zero when right shift is undefined.
if (halvings <= 64) {
nSubsidy = 10 * COIN;
nSubsidy >>= halvings;
}
}
}
return nSubsidy + nFees;
CAmount GetBlockValue(int nHeight, const CAmount& nFees)
{
//...
} else if (nHeight > 1400000) {
int halvings = nHeight / Params().SubsidyHalvingInterval(); // 675000 blocks or 6 months
// Force block reward to zero when right shift is undefined.
if (halvings <= 64) {
nSubsidy = 10 * COIN;
nSubsidy >>= halvings;
}
}
}
return nSubsidy + nFees;
This would reduce the block schedule significantly in about 7 months from now.
Thank you for your suggestion and welcome to the community (whatever is left of it lol)! Good to see that VIA still has some lurkers
I'm sure the more tech savvy guys around can elaborate it better, but what I understood from your suggestion (please correct me if wrong):
1. you propose a fork that would take place in about half a year from now, giving enough time to securely plan and prepare it
2. after the fork the rewards will be halved every 6 months
3. if my math is not too much off and its based on the current schedule (about 32MM blocks altogether), it would mean we end with about 23-25MM VIA coins => total supply of VIA down to lets say 24MM coins (from current 92MM)
Not sure if its intended to have a similar amount as BTC in the end, but I personally kinda like the idea