Re: [ANN][NYAN] NyanCoin - ★★★V1.2 Released! KGW Implemented! MANDATORY UPDATE ★★★
Can I vote no confidence?
X-11 / POS hybrid was the best option, as the first poll clearly indicated.
The 2nd best option would be:
X-11 w/reduced block rewards - why isn't this one of the choices?
As for the pure POS, how are we going to get new people excited about NYAN if they cannot mine it?? In order to attract investors we need a community, and to build a community we need a mineable coin.
X-11 / POS hybrid was the best option, as the first poll clearly indicated.
The 2nd best option would be:
X-11 w/reduced block rewards - why isn't this one of the choices?
As for the pure POS, how are we going to get new people excited about NYAN if they cannot mine it?? In order to attract investors we need a community, and to build a community we need a mineable coin.
X-11 w/ reduced block rewards is impossible because it would lead to too low of a network hash rate to protect the coin from 51% attack.
X-11 / POS hybrid with reduced block reward would lead to even lower POW hash rate. Even though it will be protected from attack by the POS portion, it is still not really worth all the effort.
If miners want to join the NYAN community, they can easily mine other coins and buy NYAN. That was what I was doing for quite some time myself, mining NYAN directly isn't the most profitable and I could get more NYAN simply by buying after mining something else like DOGE. Changing to POS from POW does not lead to people not joining the community, they will do so anyways by buying. In fact, if the coin is attractive to investors, we'd actually get more of a community than we have now. I think most of the crypto community nowadays aren't even miners, they are investors. (i.e. blackcoin proved that you can get plenty of interest and a community even after the coin has switched fully to POS from POW).
I have been explaining these points to you over and over again simcom, but you don't seem to answer them at all...