An event that burns some coins per "ticket" is actually pretty good and isn't considered a "swap". I like that idea.
As for the new APR, the dev team will reveal it on may 13th in their white paper so let's hope it's good.
Thanks for the support everyone. I don't want myself and others to get screwed like we did with netcoin where they just declared 2% apr without consulting community and we all lost 10's of thousands.
Lower APR just lower the inflation, not end it. You need to find a way to burn some of the current supply. Since the jap dev team said that they will focus on the event using sprouts. Why don't using event to burn coin? A lottery for example. Just few K sprouts for a ticket. Few buck for a fun is a accepted price.
Swaps almost always screw the coin price. Sprouts is going to be worth even less, especially since this new dev said they may consider limiting the swap which screws us over. Have you seen the price of sprouts on coinexchange the past few weeks? There's a reason everyone is panicking and getting angry as sprouts tanks.
Sprouts ALWAYS had hyper inflation but there are many periods where the price of sprouts was decent 20,000-200,000+ satoshis of dogecoin.
The hard fork being proposed may 13th WILL LOWER the apr on sprouts though, that WILL increase the price of sprouts. I've been around for years and cryptopia DELISTED sprouts. They aren't going to take it back.
Coinexchange is already a very high volume market for sprouts. Spreading out exchanges will only screw up and lower the volume as the fixed amount of buyers and sellers will just spread out their volume elsewhere. Besides, the developers are creating a sprouts based crypto exchange which will at minimum raise sprouts a nice amount due to velocity of money and use.
TLDR: NO SWAPS (at first), lower the APR, and see what happens. Go slow and test out changes SLOWLY.
I second your opinions.
Sprouts would benefit greatly to follow bastilar's roadmap.
I agree start buy lowering the Apr. Any suggestions on what the new APR will be ?
Is there anything we need to do now to prepare for hard fork