Quote from: bathrobehero on April 12, 2016, 06:42:43 PM

Quote from: MoNet-Team on April 12, 2016, 06:17:01 PM

Quote from: bathrobehero on April 12, 2016, 06:10:28 PM

Quote from: MoNet-Team on April 12, 2016, 12:46:04 PM

300,000 MNT remain now for bounties and future developments

Block 1,000 - 1,000,000 = 0.2 Coins Per Block

Pos Reward = 10 Coins Per Block

send exactly 5,000 coins with the standard tx fee nothing more nothing less to the masternode address you

The combination of those numbers are completely retarded.

ICO + joke mining rewards + high PoS rewards + expensive masternodes = rich gets richer scheme with poor distribution.

The only way you will get MNT is either do something for the coin and get paid a bounty or mine like the rest and stake what you have mined.

We Know exactly why we did it like that but seems people cannot see what we do for some reason.

This is designed so you hold your coins (Not PoW mine to stake high blocks to dump)

If you have to mine / buy 5k MNT it means that you have to hold your coins to get upto 5k in total to run a masternode and then the masternode will keep the 5k out of circulation. It will help markets and the Network

EDIT: there is no ICO and 700,000 MNT have been burnt which you can see here http://104.251.217.231:3030/address/5BurnMNTaddyxxxxxxxxxxxxxxxxwv4EcE

I see what you're doing but it should be done after a proper distribution phase.
Starting a coin with the incentive for everyone to just hold from day 1 will cause poor distribution and you only get a handful of people owning all the coins who will only get richer.

New people will not invest in the coin when the mining rewards are a complete joke and people who can already stake will earn way more than miners. There's a reason why the network difficulty is only 1.4.
PoW is supposed to protect the network but it's not happening if you're not incentivizing people to mine (suprnova mined 2747.6 coins in 13738 blocks Cheesy

)

Let's just look at the addresses between 3 and 19:

http://screenshotuploader.com/i/1604/ny13e.png

If you don't see the problem with this picture I don't know what to say other than you shouldn't create coins.

The 3'rd address is Mining pool as I'm aware. I do understand what you are saying but I will not change the rewards now I'm Sorry to me it is too late for that and would just mess with the coin more due to me changing rewards, I would like not to do stuff like that and work on what needs to be done instead.