Post
Topic
Board Announcements (Altcoins)
Re: [ANN][MZC][SHA-256] MAZACOIN *First Sovereign Currency* ANDROID WALLET AVAIL.!!
by
marra
on 21/06/2014, 13:28:44 UTC
what is the reason behind this? as a hodler of between 2 and 15 mil mzc, don't see a problem anywhere. slowing rate of inflation isn't crucial. this is a bottom price for mzc/btc there's no need to fear of being rejected from the exchanges. if some of you are trying to dump as soon as it twitches up a bit, you're into mzc for a wrong cause, since the social aspect of mazacoin is far greater than of a btc. no other community in the world has an opportunity to introduce crypto due to local bureaucracy limitations, tribal communities under treaty have no or very little paper work.

Lakota people need to find a permanent use for it while others help em out mining, hodling, and crowd source advising.

The main reason for the fork is to have more consistent times on the blockchain, that is why we are implementing DGW3, if you look at the block explorer, after a multipool jumps into Maza because the diff is so low the diff will spike so high that once that multipool leaves we sit for hours between blocks.  This is not good for usability and will hamper the adoption of the coin by the Lakota or any other Native tribe.  We decided to slow the rate of inflation due to adoption by the Lakota taking longer than initially anticipated, most of the coins are held by people in the global community and very little by the Lakota.  We also needed to lower the rate of inflation so there is more incentive for them to adopt it, as raising prices on the reserve everyday in MZC because over 3 million coins are being created a day isn't feasible, this drops the coin creation down by 5 to 720k a day which is still plenty to allow for adoption while not causing the large daily inflation that was there.

Hopefully with these changes we can also get more investors into the coin to help show the Lakota government the value of crypto currency and how it can be a real solution to their problems.

thanks, it makes sense to level the spikes of  diff volatility.