Post
Topic
Board Announcements (Altcoins)
Re: [ANN][POT] PotCoin Launches Today 01/21 @ 4:20
by
4thKind
on 13/05/2014, 15:04:25 UTC
Tell me why its a bad idea.  


They are halving the coin because it needs to be done. All 420 million coins mined in a year of existence is too fast.

With respect, can you scientifically and mathematically prove 'why it needs to be done'. Use references from the past 2 year's worth of currency data, and especially cross-reference coins which have changed rewards, including the ones which survived and the ones which didn't, and show correlation as to their end result.

Because it doesn't "need" to be done. Whether you're at maturity now, next week, or 5 years from now, there's one constant: no use for the coin.



You can't prove it scientifically or mathematically with reference to other coins because it's apples and oranges.   Almost every coin including bitcoin and litecoin have halving schedules that were coded in from the genesis block.    Potcoin's block reward schedule was flawed at its creation.  Show me a coin that is all mined out that isn't proof of stake.   Halving the coin is about giving us more time for adoption so there are uses for the coin by the time its all mined out.  The only other alternative I can think of is to increase the total coin supply and implement proof of stake so people holding up until now can retain their positions.  Either way, the mining phase must be extended or it's toast.