Re: [ANN][NYAN] NyanCoin - ★★★V1.2 Released! KGW Implemented! MANDATORY UPDATE ★★★
I assumed the 337 to 33.7 reward
Quote from: Atheistftwins
That aside, the reason we can't afford to lower block rewards with X11 is because however much we lower it is however much less miners we will have. Lets say block rewards become 10% of what they are now. Then we will have ~10 Mh/s as our network hashrate. Well guess what? I myself have roughly 9 Mh/s under my control. I would then be able to go in and kill the coin with a 51% whenever I wanted to. Is that a vulnerability you want the coin to have?[/qoute]
That was just a random example I was using to prove a point. We don't have to drop it to that extent. I agree that a merged POW/POS model will defend against the possibility of attack.
My question is: is it worth it? If we drop the supply AND share blocks between the POW and POS systems, then there will only be a few megahashes worth of miners. It's a lot of work to implement such a system and do we really want to spend that much work just so a few miners can still mine?