Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread
Imho it'd be better to keep the systems as is regarding distribution of coins i.e. finite number and fees. An infinite number of coins will create inflation like crazy and people probably won't buy into it in the first place.
Obviously we then need the fees to reward people for forging.
POS/PON in general i think are great ideas. I think it'll be important to find the right balance between POS and PON. E.g. how long will it take me to forge a block with little or no NEM but a node that is running 24/7 ?
I think this could also eliminate the complaints from people that the rich get ritcher with the current Nxt - POS implementation.
Just to through out numbers to start a discussion - I think 40 % POS / 60 % PON could be fair. I think this would reflect that you're helping NEM more by running a node than hoarding your coins.
Thoughts ?
I agree with you therefore i have written that the concept should be partially adapted
as the number of coins in NEM is finite. Part of the forging fee should go to nodes that are securing the netowrk using PON.
The best POS / PON ratio yet shuld be found.
+1 to your advice 40 % POS / 60 % PON or something in that range to avoid hoarding.
+1 for a POS/PON combination, however the distribution between them is a difficult decision.
I have been thinking alot about the forging but personally I can't make up my mind about my opinion.
The more POS , the more people will want to hold on to their share which in its turn will provide stability and better market price. (ref stability NXT!)
On the other hand, we need to make it attractive for everyone in order to easily attract new people.
Obviously the PON is also a good idea to make the network stable and to make a statement about equality...
Hmm , difficult
