I might be steering towards this camp now. So far coinexchange price has not increased.
Zeitcoin did not increase in price as the research shows and they lowered the apr. A coin swap would be devastating.
I propose we change the rewards to like 100% apr or 50%, make it percentage based.
Then we increase burn functions for the coin
I've told my stream already that there's at least a 25% chance that I will dump this coin and have to move on. Less minted profits and price keeps going down? Yeah, I can't be bothered with the coin at that point.
People forget sprouts was doing fine before the proposed hardfork. My own high pos coin will not make this same mistake.
If people don't get a reasonable interest rate they will just sell and move on.
If there are more coins than demand the price will drop?
We pay to sell coins we pay to post a letter why not charge a small transfer fee and burn that to reduce the total amount?
Reduce the interest rate by 50% yearly till it gets to a sustainable amount?
just a thought.
As apart of a big holder of sprouts we as a community need to help steer the dev team away from a swap as to many big holders will dumb the coin we all want the price of sprouts to jump up but we need as a community need to let the dev team know we do not think a swap is in the best interest of the sprouts coin and community and I think we can help turn the project into a great boost for the sprouts coin
The Dev team is not swapping the coin it's a Hardfork ! They're capping the APR not lowering it to something reasonable so that large holders stop dumping on little people who think they are going to have a huge stake because because they buy a billion or half a million.
In a month hopefully the people with large stakes will not npbe dumping on the people with smaller stakes because they're stakes will be capped !!!!!
So The dumping will stop. And know the coin was not ok before. It was being dumped on by large stake holders that have run below Zero !! It was about to become wothless and probably taken off the exchange because of greedy large wallet holders,dumping huge amounts !!!
This will stop in a few months most likely causing an increase in the price.
This will probably be the last month to buy the coin at these low prices !
For a lot of the wallets thier APR will not be a decrease. Only big wallets because of the APR cap.
So if you're staking billions a day and trillions a month thar wote happen any more.
People will only be able to stake millions !!!! So no more dumping.
The price will most likely increase and your millions in stakeing will be worth something.