Quote from: ny2cafuse on May 29, 2014, 06:43:25 PM

Quote from: Chronikka on May 29, 2014, 05:59:36 PM

The dev team chose not to ask anybody at first...they came right out and said they were going to halve the coin. Parts of the community were outraged and they decided to have a poll.

In my opinion the halving strategy should have been thought out from the launch. The first thing I noticed about this coin after it launched...no halving or any mechanism to reduce block rewards over time. It seemed odd. When it came time to actually implementing something we all had different opinions on how to do it.

On the first point, the push for halving was made HEAVILY on reddit well before the poll. Which is why I screamed for it after the halving announcement. But you can go back and look at reddit and see how many people pushed for it before the poll. I seriously questioned these peoples' crypto knowledge then, and I still do now. You don't shout for change just because you think something will go "to da moonz".

I fully agree with the the first part of your second point, but there was a halving scheduled for POT. It's in the first post of this thread, as follows:

Quote from: PotCoin on January 21, 2014, 09:19:56 PM

Information
PoW algorithm: Scrypt
Premine: first 55 blocks where mined for checkpoints
Retarget: 107 blocks
Starting difficulty: 0.000
Max supply: 420 million
Reward halving interval: 840k blocks (~4.20 years)

There was a halving in place. Why does everyone keep forgetting about that? It's in the github, the website, the ANN post... how can people miss that?

-Fuse

But that is my point...it was discussed on reddit and the dev ignored the naysayers. They just decided to halve the coin. Outrage ensued and they stepped back to actually listen. Or atleast they pretended to listen because they ended up doing the same thing anyway.

The 840k block has always existed but it doesn't make any sense which is why I disregard it. At 840k blocks and 420 coins per block, thats 352 million coins which is more than 75% of the supply. So either it was always intended to halve the coin repeatedly in a short span (i.e. 4 times in a year) or the halving strategy was never set in stone and 840k block was just an estimate