Quote from: buttonmc on April 14, 2014, 02:21:18 PM

Quote from: Gravity on April 14, 2014, 01:22:02 PM

Blackcoin is pretty amazing story. Just by having multi pool backing it to keep the price up it has attracted lot of investment. Currently 74 million coins and trading at 50000 and iCoin with 10 million coins
is trading at 460. That just shows what amazing investment iCoin could be if the team could do something to attract buyers. It would take less btc then blackcoin to get price up.

I am convinced the premine is what holding this coin back like everyone says.

The thing that made blackcoin successful is that it was the first hybrid PoW/PoS making it much better distributed that something like nextcoin (1 week of mining vs. 70 initial investors). I feel recent decreased mining profitability is going to be a lasting trend making energy efficiency a premium.

I think the best strategy is to make icoin a hybrid PoW/PoS and utilize x11 during the mining phase. You could keep the original coin release schedule and once the block rewards hit 3 icn (the minimum block reward) switch it over to PoS. At this point, there would be roughly 30M coins in circulation. From there, every account would receive interest equal to what a 3 icn block reward would bring to the market each year for the remainder of the 900 year coin release schedule. All of the premine would have to be used prior to the switch to PoS.

This plan would make icoin a unique technology and it would still have the best name in the crypto market.

This plan is a good one.

Can the community come up with ideas to spend the premine? It needs to go!