Re: [ANN] [HVC] Heavycoin - Ultra-secure, Decentralized Block Reward Voting, Fast
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.
I am a HVC supporter and investor but I absolutely agree with Carlos on this one. Having a huge reward cliff like that is really dangerous for the coin. There might be small chance that the coin will survive it but it would be much safer and healthier to start voting the rewards down gradually.
As most miners seem to be too stupid or greedy to realize this we would need some sort of community initiative to reward low votes. One example could be a pool that gives out extra rewards for blockfinders with a low vote. This could be subsidized by the community with donations for example.
I don't think pool or HVC developer should suggest miner to vote low, miners should make their own choice, though we really want to.
But it is our reponsibility to educate our miner how to make the best choice.
Anyway, we will consider your suggestion.
ZhPool
In the end it will still be everyones own choice and we cant force anyone on how to vote but educating the miners will benefit everyone in the end
I agree that it would be unethical for the developer to urge miners to vote low but pools and pool owners are also part of the community so I see nothing wrong there. And it's not like we are trying to do something bad here - lower supply will mean deflation which will benefits everyone. Such a community up taking and rising prices will attract a lot more attention to the coin, reward the investors and encourage new ones and gives the miners a healthy coin to mine.
wallet need to be updated because of the openssl vulnerability
Keccak512 posted earlier that HVC is not directly influenced by this vulnerability so the update is not critical.
Edit: Great job Jakiman and Reorder
