Re: [GLC] Globalcoin | 4 Year Anniversary 1.5.4! | NO IPO, NO PREMINE | [SCRYPT]
If GLC is to be "reborn" then the tiny block reward will probably have to be addressed.
The current reward is only 0.00610351 GLC per block, which is 1/16384th the value of the original reward of 100 GLC. Could only be a couple more halvings before the output is so small that the network considers it dust, and it doesn't even get added to the miner's wallet (this has happened with another coin I mine.)
I've been progressively consolidating small (mined) unspent outputs, but now it's come to the point where even trying to send 0.1 GLC fails.
How do long term hodlers feel? On the one hand, increasing the block reward will dilute existing hodlings, but on the other, without a change, miners have no incentive to secure the network.
The current reward is only 0.00610351 GLC per block, which is 1/16384th the value of the original reward of 100 GLC. Could only be a couple more halvings before the output is so small that the network considers it dust, and it doesn't even get added to the miner's wallet (this has happened with another coin I mine.)
I've been progressively consolidating small (mined) unspent outputs, but now it's come to the point where even trying to send 0.1 GLC fails.
How do long term hodlers feel? On the one hand, increasing the block reward will dilute existing hodlings, but on the other, without a change, miners have no incentive to secure the network.
Give up. What possible use is there for this shitcoin among a sea of shitcoins? Don't dwell on it, move on. It was never anything and it will never be.