-The loyalty system, although it's a good idea, but I believe it won't work simply because it creat more hassle to miners, that would want to join or that are mining but when the difficulty rise beyond a certain level (that they are losing money on electricity and hardware rather than making some) will just leave, not to mention that there is already the pools PPLNS penalty.
But the idea is good, so I suggest if this idea to be implemented, we should take it the other way, instead of punishing people that leaves you reward people that stay mining, this can be implemented pool side, lets people who mine for a week without non stop (a small intereption is acceptable should get a reward of extra cats depending on the hashrate, not this has to be discussed with pool owner and concensus should be made it) lets just take the example from commerce, this would be like the fidelity card for a supermarket, the more thing you buy from that supermarket the more reward you get. but again might be too much hasle for pool owners so overall, I think the idea is good, but in terms if feasability and implementation it is not. so tl,dr Good Idea not going to work
Thank you for this thoughtful response to my suggestions. I submit that since the logic would kick in only rarely (right after the difficulty dropped more than 50%) and otherwise the coin operates exactly the same way, it would only prove to be a hassle for people engaged in sophisticated profiting-maximizing strategies of coin hopping. If coin hopping people find the coin too much hassle to mine and stay away from the coin, I submit this would improve the coin rather than damage the coin. People who do not coin-hop to try to maximize profit would virtually never notice this mechanism at work - except that they seem to see more profits during easy difficulty times than with other altcoins - which if anything should attract more miners who want to keep their rigs pointed to the coin. So I ask you this question directly - if we increased the number of steady miners, and totally eliminated coin-hop-profit-maxmizing miners, do you really believe it would make the coin worse off vs. better off? And which type of miners do you believe dominate in the BTC and LTC mining scene, and how does this relate to the perceived stability of of those coins?
Etblvu1
Thanks for your reply, as I explained before the Idea is great, but the problem is how are you going to implement it, code wise I mean, and are you going to do it pool side or on the source code and on the blockchain directly? this is the point I'm trying to explane, it's hard if not impossible to code such a solution, also punishement was never a good solution it always drive people of, with such a system, I think the best would be to reward to loyal people, and this can be done pool side relatively easly but this will again need a cordination between all the pools to have set parameters and qualification for such bonus that everyone would like.
The thing about BTC/LTC, is that they are well established, and pretty stable, there is no alternative to BTC/LTC combo, you trade cats for either then to fiat and not the other way around, and there will always be people mining BTC/LTC because it's a sure value and well estblished, Cat is still young 2 weeks old or so, it needs at least a couple of months to mature and reach such a true stability and when that's happen, you can have a true loyalty system because the coin it self will be really relevant. So to resume I think a reward loyalty system would be good and would enter in the case of the long term project of making this coin valuable and relevant, a punishement system I'm affraid will have negative effect and push off people from joining, (some people wants to try other alternative from time to time without having to pay a price for that for example)