Post
Topic
Board Announcements (Altcoins)
Re: [ANN] FoxCoin - A Fully dynamic Cyptocurrency [NOW ON 3 EXCHANGES!]
by
kuroman
on 28/01/2014, 10:00:16 UTC
major suggestion: If anything, the rate of foxcoin being released NEEDS to be reduced. It is released at WAY too constant of a rate = thus massive inflation.

Take a feather from any successful coin's hat--- coin generation NEEDS to decrease (significantly) over time, otherwise inflation will kill the coin! 30 days out the coin needs to be generating only 150 Fox, 60 days out should be only 100 fox, 90 days out should be only 75 Fox, etc. (and then you can level off at a minimum of 5 FOX)

I was conservative in this, the rate can be even 2-5x faster than this.

But at the current rate, market will always flood with new coins punishing all your investors who are serious in it.

Please fix this, or else I fear for this coin!


You've just resumed what's wrong with every trashcoin out there, just instamine when the coin is released and diff low, once diff is high point your hash somewhere else and wait for the coin to be listed on an exchange then dump and move on !

Foxcoin as any other coin has the number of coins decreased overtime, but in the meantime it has a dynamic diff retarget (gravity well), which means once the so called instaminers big fish leaves the coin to move to another coin and keep their dumping strategy on the work, the coin is not left for dead with a high diff, of course the diff will get lower overtime if hashrate drops significally which is the case right now, so the coin remains always appealing to mine.

This is what happened to Doge at some point hence the several new version, and catcoin right now.

just point some hashs on the coin and the diff will sky rocket again although the hash rate should be maintained (right now there is a decent hashrate (people that will stay and not the dumpers))