Re: NEW ERC BITSQUARE.IO NOBLEPAY COIN2PAY STAISYBIT ROKOS MULTIPOOL FEDERATED CHAIN
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if u go POW the best advice i can give u is to make the POW coinrollout as low as possible
trust me 95% of POW miners dont care for the coin just the BTC they can sell the coin for
and ERC is not in a state to counter that constant sellpressure
to have more different people involved at ERC POW mining isnt helping at all
what u need is investors not miners
investors buy miners sell
its that easy
Very well stated. I would add that merge mining creates buying pressureif u go POW the best advice i can give u is to make the POW coinrollout as low as possible
trust me 95% of POW miners dont care for the coin just the BTC they can sell the coin for
and ERC is not in a state to counter that constant sellpressure
to have more different people involved at ERC POW mining isnt helping at all
what u need is investors not miners
investors buy miners sell
its that easy
because those mining want the payout in ERC.But straight miners, mine the
most profitable coin to sell quickly.
thats why DMD run a own multipool since ages and promote mine there always above mine DMD direct
we use hybrid POS/POS for security reasons but we keep POW rewards very small just 0.2 DMD each 100 sec
a well set up hybrid coin doesnt need much hashrate or many miners to be secure
-Snip-
if u go POW the best advice i can give u is to make the POW coinrollout as low as possible
trust me 95% of POW miners dont care for the coin just the BTC they can sell the coin for
and ERC is not in a state to counter that constant sellpressure
to have more different people involved at ERC POW mining isnt helping at all
what u need is investors not miners
investors buy miners sell
its that easy
Very well stated. I would add that merge mining creates buying pressureif u go POW the best advice i can give u is to make the POW coinrollout as low as possible
trust me 95% of POW miners dont care for the coin just the BTC they can sell the coin for
and ERC is not in a state to counter that constant sellpressure
to have more different people involved at ERC POW mining isnt helping at all
what u need is investors not miners
investors buy miners sell
its that easy
because those mining want the payout in ERC.But straight miners, mine the
most profitable coin to sell quickly.
thats why DMD run a own multipool since ages and promote mine there always above mine DMD direct
we use hybrid POS/POS for security reasons but we keep POW rewards very small just 0.2 DMD each 100 sec
a well set up hybrid coin doesnt need much hashrate or many miners to be secure
Though i like the savings plus POW approach, i think we (hope so) agree in the most important points:
1) we will not change distribution Speed in a fundamental way
2) we will keep pow low, VERY low (you may suggest numbers, if you like)
3) we will keep the total coins
4) we keep mining reward under savings reward
5) saving about equal to POS rewards (perhaps slightly lees)
This would be very low distribution for a POW coin, but may be slightly higher then at 5%
I would like to see People who are using the savings option are earning about nearly the same as they did by staking and
Miners to earn slightly less then that.
can you imagine to like this approach?
If i get a clear "no we don't like it" from the community, i will cancel this immediately.
(for example at least 5/6 people give their statement and most of them are disliking the approach)
I am not up to decide against my supporters, but I need to get clear statements
and i need them within a week from now, to be able to continue. If i had to cancel,
we would have to find a new concept, but that's what we would do then.
(also here: suggest and take part, its not my coin, its ours)
another aspect:
Though i have an idea about the outcome in my mind,
i also know, this approach has the potential, to surprise us all (in both directions).
But we can afford to be experimental, this coin wouldn't be alive, if we wouldn't have been experimental all the time.
Keep in mind: If this idea would turn out to be a bad idea, we would not be helpless and watch our coin decline.
Over a year has passed and we worked hart to get to know our coin and its code.
We are in control of its nature and would certainly react and change it again, if we don't like the outcome.
Because we keep moving and we will not stop rocking this coin, the story has just begun
have fun
Matthias
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