Quote from: atheistftwins on April 01, 2014, 01:31:39 AM

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.

Even if Nyan went to 10% it's current (abysmal) hashrate, it would have a higher hashrate than many other altcoins. A 51% attack is extremely unlikely (I am only aware of it happening maybe once or twice in the history of altcoins), but I agree - x-11 with reduced rewards is not ideal.

Quote from: atheistftwins on April 01, 2014, 01:31:39 AM

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.

Why is it not worth the effort? We get to keep a mineable coin that is immune to a 51% attack and has a cool POS feature.

Quote from: atheistftwins on April 01, 2014, 01:31:39 AM

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).

There needs to be a reason for investors to buy the coin. What reason can we give them? Our best hope was to build a strong community like dogecoin. We had a lot going for us, ip license, huge nyancat following on FB and Twitter, a fun meme. So far though it hasn't panned out for reasons you have described (terrible conversion rate from the nyancat facebook page etc etc). We could abandon the community/tipping/newbie friendly/ fun coin route and try to market the coin to investors, but it just seems like the wrong move to me. Would you invest in a coin based on a poptart cat internet meme with no community? Our only hope in my view is to try to build a community, and I think it would be much harder to do that without mining.

Quote from: atheistftwins on April 01, 2014, 01:31:39 AM

I have been explaining these points to you over and over again simcom, but you don't seem to answer them at all...

I am a scientist working 60 hr weeks, with a super high maintenance gf and 2 cats Grin

, I often don't have time to respond to every point. Sad

If we go pure POS I will still support the coin, just think it would be a mistake. I appreciate what you are doing for the coin and the subreddit, I know you're pushing what you think is right for the coin.