Quote from: Muis on June 02, 2014, 07:57:20 PM

Quote from: shorena on June 02, 2014, 07:33:45 PM

If I invest the majority of (electrical) energy and hashing power, how is it fair that I dont get the majority of the reward?

You will get enough fees to cover those costs, and still make a profit. What more do you need?

This makes no sense. While rereading this I noticed the reply by DeathAndTaxes. I will quote the part I think is most important:

Quote from: DeathAndTaxes on June 02, 2014, 08:16:49 PM

-snip-
Ok then 99.5% won't mine. Network security would fall massively and it would be trivial to double spend the network.
-snip-
This is an even worse "solution" security of the network would fall off massively or miners would simply demand much higher fees in compensation. Miners could still game this by including all "real" high fee txs and then filling the block with tx back to addresses controlled by the miner (with high fees = going right back to miner anyways). Miners could set the reward to be whatever they wanted possibly even higher than the current reward. Of course lower fee and free tx would never be included in a block, you just created a penalty that punishes miners for including those txs (by directly lowering their gross revenue).

Quote from: Muis on June 02, 2014, 07:57:20 PM

Quote from: shorena on June 02, 2014, 07:33:45 PM

I assume here that the blockreward is still higher than the tx fee reward.

Please read my idea more careful, because it explicitly states it will be equal (or less).

Quote from: shorena on June 02, 2014, 07:33:45 PM

Those who put their time and money into this make it what it is, yet you want to punish them?

They will only be punished if you compare this hypothetical coin to how Bitcoin works. But Bitcoin punishes a much larger group: the actual users, people without mining rigs. They also invest their time and effort (for example in promoting it), you want to punish them?

Ofc I compare your idea you posted in the Bitcoin-section to Bitcoin. If you want to discuss altcoins you picked the wrong place.

The actual user is using the network, nothing else. Where is the promotion when I do a transaction? You assume a certain user here. I assume (yes I do this as well) that the majority of the users, do nothing. The majority is most likely not even reading this board. But neither of us will be able to tell which assumption is correct, so this leads nowhere.
Thus the only people that are provably contributing are the miners.

Quote from: Muis on June 02, 2014, 07:57:20 PM

Quote from: shorena on June 02, 2014, 07:33:45 PM

I think you have a very problematic understanding of "fair".

My view of fair is random distribution among the largest group of people, while still letting miners make a profit. Yours (as a miner) might be a bit different, thats no surprise.

I dont mine. Suprised? Random is not fair, its random. Fair is when I work hard and invest a lot I get a lot. Some can or are willing to invest more than others, but thats a totaly different discussion.