Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Elacoin | Released | Fair Elastic Scrypt Mining | No Premine
by
WindMaster
on 15/05/2013, 09:25:00 UTC
I think that in such case the inflation would be too high... What happens if it reaches the former feathercoin difficulty? 10^(187) coins per block look a bit too much for me.

Hehe, true.  My point was that it appears miners are deciding here that they want their rewards to be higher (though, duh, every miner does, that's the nature of greed).  And if they're already proposing to jack up their own rewards, where does one draw the line for how much they should increase their own rewards?


Quote
What if you keep the actual inflation rate of 1 coin per 24 points of difficulty, but split the increase for each difficulty change? So it is like the actual expression WITHOUT the rounding to integer:

Diff 1 = 1 coin
Diff 2 = 1 + 1/23 coin
Diff 3 = 1 + 2/23 coin
Diff 4 = 1 + 3/23 coin
...
Diff 24 = 1 + 23/23 coin = 2 coins
Diff 25 = 2 + 1/23 coins

And so on.

I think this is a much better approach, since it is basically in the same spirit as the parameters the coin was originally launched with.  Even if these parameters aren't ideal for late adopter miners that have a fundamental characteristic of greed, it isn't a radical deviation from what everyone understood the parameters to be when they adopted the coin.  If Milkshake screwed up in deciding the reward should be twice as much at difficulty 24 than at difficulty 0, then it is what it is, just as mat5x says:

You are probably right that people should not have put trust in the stemmer if he has no actual trusted experience or expertise. But here we are - what do you advocate now, the coin is out and it is what it is (not that different from any other alt scrypt coin). Should it somehow be shutdown forcefully to waste all the hashing of those that have and are involved?