could you expand on this more? also there is no vote?
is the mining reward going to be halved + dev fee from mining in order to double the masternode rewards?
what reasoning is there for masternode operators to not dump their rewarded coins?
I think that if staking was introduced now it would give miners incentive to hold their coins and accumulate for masternodes instead of dumping because they would be rewarded along the way.
full disclosure i am a miner, however i havent dumped any coins and im not sure what miners would at this point (coin value is too low) so i dont think its that driving the price down. if i were to mine coins just to dump for max profit and not speculate for long term gains, i wouldnt be mining alqo.
was not around the last 2 days - so wasnt able to answer your question sorry.
The reward scheme will be changed to MN:Miners:Devfee : 60:35:5%.
There is always the other side of a coin. From a Miners perspective this change is bad. For Masternode owners its good. The community (at least a decent part of it) reached out to the devs to do something against the dumping of coins. They were not convinced if it makes sense to distribute the rewards differently as they would be anyhow created and prone to be dumped into the market.
Nevertheless with the impression in mind that miners are more likely to dump, as they have to cover their expenses, compared to the masternode owners who are less likely to dump (they will do it too - thats for sure) we've decided together that a slight shift of rewards from miners to masternode owners might be beneficial to the overall "sell pressure".
I know of a couple of miners who mine for the long term hold but most dont. Most miner simply mine to make profit - well thats business and they cannot be blamed for it.
So you believe that an individual who has a daily expense to cover is more likely to dump in a bear market and possibly take a loss than an individual who has zero expense. Like you said there is always the other side of the coin.
Anyway, am really active on all your social sites and am not sure about that (decent community input) quote. Sure i saw a few ppl complain but it would be absurd to claim that it was a majority of the community. The least you could have done was to take a vote. You use it for everything else but in this case choose to take matters into your hand. Anyway, this won't stop the dump in the long run, if anything you just made it easier cos MN owners don't give a fuck about the current price and how it affect their earning, it's always 100% gain for them.