Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [HVC] Heavycoin - Ultra-secure, Decentralized Block Reward Voting, Fast
by
cayars
on 09/04/2014, 17:34:31 UTC
Yes,but you'd expect the price to increase proportionally with the reduction in block rewards, However it would be nonsense to imagine an instantaneous 72x increase in price, Seems that it would be prudent as a miner and supporter of the coin to start sliding down your votes as the sustain phase approaches to create a smooth transition.

Exactly, we need/have to go from 582 to 8 HVC reward in approximately 90 days time with a proportional increase in value to offset the difficulty and still keep the coin slightly profitable to mine. It's possible to do but each and every day the votes stay high just makes it harder and harder to accomplish.  Right now the current vote is approximately the same as when it started or roughly in the middle.  If this doesn't change then we'll have the cliff on the 1st day of sustain.