Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [PMC] Premine Coin | Rare | Mining Transaction Fee Proof of Concept
by
maardein
on 28/05/2014, 13:16:01 UTC
yes we have to move forward to PMC2. How can POS work when there is only a limited number of coins?

Well, staking works by just having your wallet open. So, everyone who uses PMC+ is also mining. This does not require any investments, and barely costs any CPU power. This way you can keep transactions going no matter if there is a reward or not. As an incentive we could keep a little PMC+ as POS rewards at the start, and maybe gradually reduce this until there is no POS reward left.

Could everyone stop with all the "we need to ... " and instead start doing that?

I agree. I think TheMightyX should just start the development of a new POS coin with 1.000.000 premined coins. I would also suggest having a mandatory transaction fee of at least 0.0001PMC+.

We can discuss how the premined coins will be distributed during development.