Post
Topic
Board Announcements (Altcoins)
Re: [ANN] RazorLove Cryptocurrency Services - DBL, CENT, & FOO/BAR Updates
by
meta.p02
on 01/01/2014, 13:48:31 UTC
I do not, on the other hand, have any connections or sway over exchanges to make them keep trading an unprofitable coin. That's not my job, and that's all I'm saying. The only thing I will not do for you is to advertise and promote a coin i know you shouldn't invest in. But i'm not going to stop you from doing so, and that is all.[/size]

The_Catman, in this topic we should have to discuss about how to make a coin better, more balanced and interesting for use in services. That's what I expect from the developer.
I twice proposed to introduce a fee for transfer, which will be destroyed. This would reduce the number of coins gently, without shocks. This would balanced the coin a little. It is necessary for the salvation of the coin.
I was very surprised that no one has commented on this and did not express their views. And the developer unfortunately as well.


I support the idea of putting in fees and destroying those. say, put some % of the amount as fees about 1% or 0.1% would be nice i guess and would make sense..... maybe even 0.01%

This steady deflation, though, would encourage people to hoard their coins...

I suggest the following fee scheme:
Code:
fee = max(1, 0.01*(total number of coin-years)) CENT
Like this, the fee is increased over the years, discouraging hoarding, since to move the coins around after a long period would incur huge fees...

Any pitfalls with this strategy?