Re: [ANN][NYAN] NyanCoin - ★★★V1.2 Released! KGW Implemented! MANDATORY UPDATE ★★★
You are talking about mined block maturity time. That's fine, we can change that to 6 hours or whatever. You said confirmation so I thought you meant block generation time. Miscommunication, sorry.
What about my other points about network hash and POW/POS though?
What about my other points about network hash and POW/POS though?
Yes, that is what I meant. It spares insta-dumping.
6 would probably be best, too, I agree. Too much more might build up Nyncoin in pools too much for safety.On hashrate. Nyancoin is low now, and some big steps could easily get that hashrate back to at least triple what it is with relative ease.
I do not wish for a halving with X11 instantly, but some time well before block 337k.
On PoW/PoS, I was pretty certain from peercoin having both prevent one from being attacked without the other also being required to be attacked.
One of the things that I have noticed my time with NYAN (which is the entire life of NYAN) is that we relied on the nyancat community to bring a huge boost which never came.
It never came because the nyancat community doesn't know anything about crypto and they don't really care about it much. We kept promoting to them, but they basically didn't come to the coin at all. This is the reason that we lost so much of our value in this time.
The reason why I promote a change in supply and change to POS is because we can shift our attention away from the nyancat followers and try to court crypto investors instead. If we change the specs of the coin to be deflationary by nature and to encourage acquisition by purchase, we increase incentive to buy and speculate in the coin.
I don't think as it currently is, there are many big moves left we can make to increase adoption of the coin. We no longer have the volume for marketplaces to take us as a coin and even though we are high on the votes list, even Cryptsy is ignoring us because of lack of volume. I want to change to POS to encourage buyers, which encourages volume. Only then can we get other places to take up the coin.