Quote from: Toldyouso on Today at 04:56:33 AM

Quote from: Sinotek on March 20, 2021, 08:02:04 PM

Quote from: Protwoco on March 20, 2021, 06:51:51 PM

Quote from: Toldyouso on March 20, 2021, 02:28:59 PM

I was one of the few voices at the start who was against the reward change from 1000 to 100 and when they went ahead with the change Rijk never adjusted the max supply to compensate. Next year if the rewards remained the same with the 4 year halving schedule, 75% of the total supply would of been mined out.

Next year Gulden will only have 35% of the total supply mined out and a long way to go before 75% is achieved. This scares off investors.

To correct the situation the total supply needs to be adjusted to where current supply is 75% and a reward halving introduced on the 3rd April 2022 when the next reward halving was expected to take place.

Someone else in the team or community can work it out but the max supply will need to be adjusted close to 760 million to bring the initial reward structure back into balance with a reward halving starting on 3rd April 2022 and every 4 years after.

I do like your suggestion. It also gives the devs 5 years of good funding while also catering to the users and putting the blockchain in sync with where it should be with the circulation % vs Max coins.

Is this proposal worth mentioning in the #GAB channel on slack?

Seems like a reasonable thing to suggest in Slack, they’ll discuss the max supply cut for sure, I heard it’s in the list. Reward halving I’m not entirely sure.

Don't worry about it, if it's only a max supply change then my suggestion won't be necessary. Without a reward halving schedule I would go as far as saying there is not much point in changing anything as it will erode confidence in the supply changing whenever it suits the community.
My suggestion is the right thing to do as it can be argued this is where the coins supply should be in relation to it's total supply when the coin was started.

Changes:
760 million total supply
3rd April 2022 or close to it the reward halves to 80 for 4 years. This change brings it close to where the coin would of been if no changes were ever made from the start of the coins inception.
840 960 blocks later (year 2026) the reward halves to 40.
840 960 blocks later (year 2030) the reward halves to 20. Gulden will be close to 90% mined out when this drop occurs and most of you will be alive to see it

The 4 year cycle also gives the market time to adjust to the changes and no sudden drop off from 160 reward to 0 when the new max is achieved.

While I agree this option is factually correct it does not mean it's the RIGHT option to go for. A lot of people have been patient for a long time and they also want to see Gulden progress in this bull market and not be left behind like it is, Gulden is not in the top 1000 on CMC. That is a disaster imho.
More drastic measure are needed, similar to the changes they all too happy to throw Novo's way while Gulden keeps getting fleeced for all it's worth