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.
At 115,200 HIRO produced daily we will require 0.1152 BTC to buy ALL HIRO produced that day. I don't think that is anywhere near too much and will not quickly destroy the value of the coin. At 5 HIRO a day you're suggesting that we'd produce 7,200 HIRO daily which would require 0.0072 BTC daily to buy. That's a bit extreme and definitely skews the distribution to anyone who holds/buys HIRO now.
You stated early that a unique reward model like this would attract investors as they'd know the supply would adjust to demand in order to protect their investment which it will. This is a step in the right direction and will provide us with some uniqueness and an advantage over other coins. Yes services will have to be developed for HIRO so that we can truly be used as a transactional cryptocurrency. The Point of Sales page will finally allow merchants and regular users to accept HIRO as their preferred method of payment. What we can offer now is security in using HIRO as a payment platform and stability in price. We aim to provide more for our users as we continue development.