Re: [ANN][NYAN] NyanCoin - ★★★V1.2 Released! KGW Implemented! MANDATORY UPDATE ★★★
I don't like POS since it will heavily reward early miners. I mined it early too but it will not attract new miners...
If the PoW will be closed, we can attract miners without suffering from the negative effect caused by mined coins dumping. Take a look at Blackcoin, when the PoW phase was over, the multipool has come that allowed miners to "mine" BC this way: miners are actually mining some coins from coinwarz top, that is exchanging into bitcoins, and then bitcoins are used to purchasing BC.
So, multipool purchased much BC every day, and the price went to the moon. Of course, part of miners were dumping BCs after getting the payouts, but multipool soon purchased them back
It was a nice ride, and even now when the hype around it is over, the price is still high!https://www.mintpal.com/market/BC/BTC
Why not to make the same with Nyan? It will work! And everyone will like it - holders will have havier bags, miners will make good profits mining coin with increasing value, and the speculators will enjoy rollercoaster ride. Much more new people will be into Nyan, so this will be huge win for every one in the community I believe.
+1 Multipool is very important point.
May be we have +10-20% coins per year and 5% later.
Thats too exaggerated looking at Clean Water Coin Specifications:
Algorithm: Scrypt
Type: POW + POS
Symbol: WATER
Max Coins: 1,000,000,000
Block time: 120 seconds
Difficulty Re-Target Time: Every block
Block Rewards: From block 51-250 payout will be 0 to ensure a fair launch
1,000 from block 251-7000
(20,000)(1/√(Difficulty+500)) from block 7001-250,000
(15,000)(1/√(Difficulty+500)) from block 250,001-500,000
(10,000)(1/√(Difficulty+500)) from block 500,001+
POS Rewards: Fixed 8% beginning at block 7001-500,000
Fixed 7% beginning at block 500,000-1,000,000
Fixed 6% at 1,000,000-2,000,000
Fixed 2% at 2,000,000+
POS Schedule: Coins mature after 20 days
Charity Wallet Donation: 0.1% of transaction*
Confirmations for mined blocks: 50
Confirmations for minted blocks: 50
Confirmations for transactions: 4