Quote from: afbitcoins on April 13, 2022, 10:35:34 PM

I'm getting deja vu with this. ok what have we got ? Firo project. Improve tokenomics by spending less on mining. FFS
I'll tell you how it ends. You don't make any waves, you plummet down the rankings. You start irrelevant and that's how it is/

Yeah, I thought you might which is why I posted it, I am still very much for the reallocation and I do think that in time Bitcoin too will break some rules, my prediction is that it will move to a POS consensus and it will abandon the 21 million coin limit and have a trailing inflation rate of for example 1% similar to other shitcoins like `HEX` and Ethereum. One thing that does seem to be more true is the perception above all else matters the most (to price), not how the coin is emitted or even how quickly it is emitted. Firo will do well if as a community they are all able to agree on an approach forward, I wish them well and I hope they do good by themselves and the environment.

Quote from: afbitcoins on April 13, 2022, 10:35:34 PM

I'm sorry to be unenthusiastic but we need a masternode coin that goes the other way. with mining something like 80% as ballpark. A precious dash. A scarce dash. Not more cheaply airdropped worthless shit.

Why does dash and every single other proof of work masternode coin not see it? what is the point of having proof of work and then trying to eliminate the work? You need to understand bitcoin before you start getting rid of mining

Yeah, i've faced this issue in my life too, at some point when people keep telling you the same thing over and over again, you have to admit that you are probably wrong and they are right. You think that just because a coin is mined it is 'hard' and has wrought physical value, but this wrong on a couple of points.

1. The miner may sell that coin at a loss.
2. As the price comes down and miners drop off the network, the difficulty in creating new supply also decreases.

In particular I want to draw your attention to point 2 which does not apply in the mining of physical gold for example, where when the price drops too low for gold, miners simply stop mining and the new supply is quenched. In Bitcoin and Dash for that matter, when the price drops, the algo just makes it easier to mine, this completely blows your argument of the water that mining gives a coin intrinsic value, it does not.