Post
Topic
Board Announcements (Altcoins)
Re: [GPUC] GPU Coin | GPU sale Friday~ Get a TOXIC R9 280X for $300
by
micryon
on 01/04/2014, 17:13:55 UTC
While I agree the block reward doesn't need to be as high as it is (as a transactional-flow coin operates well in the 'hundreds' block range),

That's all we're saying right now regarding the coin hard fork... sure i agree it's not the core issue, but anything we can do to help.  I don't feel nethash security are going to be significant improved or not , either way.

Quote
The primary purpose of GPU coin is to be a payment method for the business and it can't be an effective payment method at these levels.  It's not the value of the coin that's the problem exactly it's that we've run out of decimal places (dynamic range).

Yes agree, the problem is that this is a payment method with a large inflation rate..

Quote
To sum up, the coin can survive falling in price while the business and aftermarket trade volume grow but it can't survive if it runs out of decimal places...  

micryon, solutions?

I've proposed a solution, similar to what you suggest, reduce subsidy at a certain point and hard fork..

But as I've said, i can implement anything, but it requires an executive decision from the CEO and owners of GPUCoin LLC.  Without that I cannot make these kids of economic changes.