Post
Topic
Board Announcements (Altcoins)
Re: [ANN][POT] PotCoin Launches Today 01/21 @ 4:20
by
ny2cafuse
on 29/05/2014, 21:17:07 UTC
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

Exactly... they pretended to listen and pushed on regardless.  The fact that they said "we're running a poll" and "we're testing the wallet changes" in the basically the same breath shows that.  We're on the same page about that.  The poll just gave them the results they already knew they had because of the outcry of halving support from reddit.

The 840k block was a ways off... true, but it was there.  I'm sure a lot of people would agree that the halving could have been so many other things than what it ended up being.  I still wish they would have considered a continual small percentage decrease over time.  But oh well... what's done is done.

-Fuse