Post
Topic
Board Announcements (Altcoins)
Re: [ANN] RazorLove Cryptocurrency Services - DBL, CENT, & FOO/BAR Updates
by
Petr1fied
on 29/12/2013, 15:10:29 UTC
My point is, there are too many in existence. The whole idea of indivisibility was novel, but it only exacerbates the problem, divisibility should be retuned at the same time that stake is removed to ensure this coin lives and people's investment of time , funds and costs does not go down the drain.
Trying to stick to the idea of having trillions that are continuing to stake is absurd, even with the stake reduction if i have a trillion, i will stake 10 Billion, as a result the mony supply will still grow very fast.

but if we divide by ten billion then a trillion becomes a hundred coins, which grow by 1 coin a week, which is far more manageable growth. in a month even with the stake fix, we may very well reach the point where the client is unable to display the balance.

So it would deal with inflation, absurd numbers, and stay well within transaction limits for A LONG TIME.

Just food for thought.

Actually under the new rules you'd stake approximately 900m off 1 trillion and have you actually tried staking recently? So many people have jumped on the stake bandwagon recently the stake difficulty is now ridiculously high. People will be lucky if they can even stake all their transactions before the January 8th deadline.

Anyway as to your suggestion, you can't just divide by 1 billion and screw over all the people that have less than that by wiping out their coins. The damage has already been done, live with it.

Just petition cryptsy to open an IFC market or something. Problem solved.