Quote from: tempestb on June 23, 2014, 08:00:34 PM

When the coin hits 100 days, based on the block reward being every minute instead of every ten minutes like BTC, we're looking at there being 57.6 million coins in circulation already.

What was the thought process that went into making so many coins available?

Even with the new 80 coins per block minimal, you're still looking at adding another 11.52 million coins in another 100 days.

Too many coins. You're adding 115,200 coins to the market a day. The buyers aren't buying that many coins in a day. So you're going to quickly destroy the value of the coin (Though you'll do it slower than the current mining reward which is 576,000 coins a day) because you're just picking a number out of thin air to restrict the mining reward to.

The only reason Hiro Coin is worth 100 Satoshi right now is because I have buy walls on Mintpal, Poloniex, and Bittrex keeping it there. And yes, I have a sh*t ton of coins.

You need to severely reduce the amount miners are getting so the value can go up. Miners are not going to mine a worthless coin unless they are just in it for the future potential.

I say cut the reward down to 5 per block at minimal difficulty. That puts it in-line with Bitcoin when Bitcoin launched. Which is 50 coins every 10 minutes. Then you can increase distribution as the difficulty goes up.

80 is too high. You can't absorb the coin inventory you have now, let alone dropping 115,200 coins a day on it. At 5, the maximum coin drop is 7,200 which is easy to absorb and will increase the value once we get a handle on what is already there.

Or focus on marketing the coin and having it accepted at marketplaces.