Post
Topic
Board Announcements (Altcoins)
Re: [ANN][NYAN] NyanCoin - ★★★V1.2 Released! KGW Implemented! MANDATORY UPDATE ★★★
by
atheistftwins
on 30/03/2014, 19:41:31 UTC
The reason I'm saying pure POS, is because we need to change the distribution of the coin and the max supply.

But POS doesn't change inflation of the coin or the max supply...

These are separate issues.

I know, and agree that in a normal situation we would be able to adjust supply without relying on POS. However, given the current price of the coin, if we attempted to shrink supply of the coin without POS, the network hash would be unreasonably low. Anybody who felt like it could come by and kill the coin with a 51% if that happened.

My argument is just that, we need to start attracting real crypto investors. Continuing to hope that nyancat followers will actually buy the coin in its current state seems to be a bad decision. We also definitely need an algo change to keep up with the times. The only one that makes sense for me is POS and then we dramatically shrink supply.

If we could, I agree we should shrink supply and do X-11 instead. However, that's just impossible given the hash rates that would result in. I want the coin to succeed but honestly we need a real game changing move, not just a superficial facelift, to stand a chance.