Am I missing something? With the variable block rewards, if the IPO investors all voted for a low number of coins it would keep the coin supply down and increase the value of the IPO holding?
Therefore the value of the original IPO would be much higher than suggested?
I guess what I am wondering is there a new paradigm of mining "low" to increase the value of your IPO? and if that is the case surely the IPO value must be higher that suggested?
Interesting idea. While it's theoretically possible for the supply of Heavycoin to be extremely rare (eg. minted extremely slowly due to aggressive zero-vote mining by IPO stakeholders), there will be other miners voting for a large (or maximum) block reward. So we don't think it will be that simple.
Yes. We think Heavycoin will bring a new dynamic/paradigm where some miners will have incentive to vote for a low (or zero) block reward. During the 3 phases of voting we think it's likely we will see different (perhaps unexpected) strategies adopted by miners. It's going to be interesting to see what happens. We don't know what to expect, as this has never been done before.
Regarding the value of the IPO pot, we have no idea. The free market will decide and we only hope for a good distribution. It already looks very good thanks to all the supporters on the forums.