Post
Topic
Board Announcements (Altcoins)
Re: CREDITS: 9 DAYS LEFT OF INCREASING BLOCK REWARD + PRE-REGISTER FOR POKER ROOM
by
marhaben
on 02/04/2014, 03:05:11 UTC
can you guys drop the block rewards down to around 100 to 500 after the inflation period. Returning back to 2000/block doesn't seem like the inflation period really mattered if you guys do that. Only because the inflation period was short

There is some truth to this.

I just don't want this coin to end up like MRC has good potential with great name but gets destroyed on the market because the market support cant keep up with inflation rate.

Considering that Cryptos are very much in their infancy (Altcoins even more so,) it's hard to say how inflation will play out. But it stands to reason that you're correct. A lot of the currently held credits are being held for speculative purposes. That's NOT a good thing for the growth of the coin. Lessening their production rate would allow for them to be more generally accepted as a currency in the short term (especially for the gambling purposes.)

First and foremost, a purpose must be established to draw interest. In this case, the casino aspect. That will help bolster the community required to actually grow the coin. Making it a bit more difficult to mine, like you said, 100-500 maybe, could help establish it. Hopefully the early adopters such as ourselves will use our stockpiles to help advance the coin. If someone has trouble mining a 1000, someone offering 100,000 to do something has considerably more impact. Awards for tournaments will be much more significant.