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.
I think its funny how you call a 6 year old project "shit" and think its solely down town the devs to be promoters, community support and suppose to have contacts like amazon that we can just snap our fingers and we have a deal. I'm sorry to disappoint you but life doesn't work like that. If we had as much support as other coins like ethereum then companies would have taken notice but this coin was released during a time when every coin had a pre-mine and was usually a scam. This was never a scam and never will be. We just wanted to release a simple coin that could be used globally.