Post
Topic
Board Announcements (Altcoins)
Re: [ANN][0.8.6] Hirocoin - X11 - NGW - Secured Blockchain - Time Warp Limitation
by
zauberer
on 10/05/2014, 23:09:32 UTC
Awesome, thanks for the feedback. I'll reply in detail later.
We are aware our site needs a facelift, in fact a web dev is working on creating something much, much nicer.

I never considered the forum, thanks for that. You say a different font would be nice ? Which one do you think would be an improvement ?
I always love black with light grey letters, but remember it also has to suit the friendly and open image of Hirocoin.

I really like the fonts in
http://forum.alpha-t.net/index.php

They are big, black, easy to read - does not strain the eyes. Maybe a good fit for HIRO forum would be that titles and other components of thread pages are in different shades of green and dark green and the text itself is black. Everybody should be able to edit the text with other font, size and color, if he wants to.


-> Another idea - you said you won't change the total supply of 672 million coins. But to be more attractive to investors (like me), you have to trump over some other quite good coins, like the PoS ones that do not have new coins coming to market all the time. So, it would be a good idea to consider extending the time span of getting those  672m coins to 15, 20 or 50 years. That would reduce the coins per block. Another idea is to decrease the coin reward per block the higher the difficulty.

You say that price doesn't matter, but the lower the price, the less people would make effort to contribute. The less people, the lower the price becomes, and at once just nobody even cares about the coin. Then the coin is effectively dead. Very, very few people are here for the sake of it and don't care about ROI. We ALL are busy! My time is precious, my efforts are precious. I may be patient, but it won't last forever. If I don't see improvements, I will forsake this coin and either dump my coins, or at least won't mine anymore and certainly won't promote the coin to friends. The last few lines is what everyone, or majority of people thinks. We exchange time and effort and money for future gains - one way or another. Even you, the devs and leaders of HIROcoin. You expect something in return, even if it is that you brought a successful project to glory. Even if no money is involved...you would put that in your CV, wouldn't you? Everyone expects some form of return for his efforts. Money is only the reward for past efforts.
You shouldn't be that stoic and stubborn. Cryptocommunity is in constant change. Here things happen for months or even weeks, where in other fields take years. Change is necessary and welcome in many occasions.
And price is a direct reflection of value and how well the coin devs and admins handle change and provide value to the supporters and investors.
It's not just about benefiting early adopters. Keeping something scarce increases its value. He who wants to get something, would have to pay for it and invest effort, time and money. If Bitcoin would like to spread benefit to everybody everywhere always, there would be no reward halving every few years. Then it would probably still stay at 10 bucks and there would be no altcoins, no Hirocoin at this moment. But because of its value and its scarcity, it rose in value and became hundreds of dollars. This was seen by many knowledgeable and entrepreneural people who designed new coins (Litecoin, Primecoin, X11 coins e.g.) to address some of the weaknesses of Bitcoin. If Bitcoin wasn't valued to hundreds of dollars, but only a few bucks, I doubt we would ever see HIROcoin come to life. So, please don't underestimate the value of scarce resource.
Another example - If you knew your wife was not devoted to chastity...say it blunt she was a whore, what would be the chance to marry her? If you knew, on the other hand that your wife could have had hundreds of men, but she CHOSE you, how valuable would she be to you? She would be scarce, one of a kind woman, who you would never let go because she wanted YOU and not the hundreds of other men she could have.
The same is with coins - scarcity, one of a kind, development of features more advanced and higher value than the features of the previous coins , learning from their experience and building upon that - that is what brings value.
You should take really seriously into consideration the scarcity aspect. I do believe that having a POW coin with a long term of mining, like 50 years, and diminishing returns, like halving or reducing in reward by some variable % brings more advantages compared to POS coins, that have the whole resource over there and no new value to miners, acquiring coins generally goes over the exchange for POS. And many people prefer to mine and not buy! Just the idea of buying coins is very alien for a lot of people who prefer to contribute to the community in the old-fashioned, original way - by mining.

Do you fear a hard fork? Coins fork all the time, I saw Darkcoin will hard fork in 3 days again. A few hard forks for a couple of months time.

Well, I am tired. I gave you some good ideas. I really hope you will take them to heart and implement them, at least partially.

Let others also share ideas.

And what is much more important - JUST DO IT. Ideas are nothing without implementation.