Quote from: AizenSou on June 29, 2014, 06:24:36 AM

Quote from: djm34 on June 29, 2014, 01:41:45 AM

Quote from: BrewCrewFan on June 28, 2014, 11:43:44 PM

The problem is playing that game is doing nothing but discouraging miners. You guys already have yours, so your fine seeing less than .015 BTC/100mhs....sure its great thinking "long term" but people at least need to make enough and a little more just to cover costs of running...right now that is not even close. It cost me 300 a month extra to run the GPUs, at the current prices I would be mining at a loss, which I am able to eat for short term. Most can not wait months on end for something that "might" happen.

I understand all the wanting of lower block rewards too... on the other hand, the price has done nothing to reflect the lower rewards.

Yes, I am going across the current here, but if you step back and take a look back in, you could see how and why a new miner would pass this coin up. Right now its only the bag holders that are sitting pretty... we need more than just a lower block reward with "promises" of great things later or this coin will die a very slow death.

I agree 100%, lowering the reward doesn't make the coin more valuable, it just make the coin unprofitable, and it is bit taking traders for more stupid than they are. They know the vote can be changed, why would they buy higher just because some people change the vote (knowing that there is even in the bag holders lots of weak hand... and impatient holders, lowering the reward is even a sign of impatience, it means "I want to sell now (but I will try some funny manipulation of the market before Grin

... except everybody saw you Grin

)".

The coin needs to be widely used and have a higher demand before the voting can have an action on market price.
Trying to go too fast, will just hurt yourself (if it is unprofitable for me, it is certainly unprofitable for you... or worst you are just sitting on your big pile of tac mining other coins (basically you are not helping securing the network, and worst you are making a vote which discourage other from doing so... ) so technically low reward vote at the moment, is a vote against the coin itself.

It is pitty that some don't understand that.
I mean you can make up at home your own pile of money with your printer, but unless others use it, it has no value. so if you don't want to distribute it and just sell it as real money... it won't work for obvious reason Grin

and it won't acquire magically any value Grin

Many thanks to djm34 and BrewCrewFan for explaining my thoughts in a better way so many could understand. This is exactly what I'm trying for weeks to explain why we need higher block rewards now. I vote 50 TAC for the block reward everytime I could but apparently a lot of screaming kids on the public chat room have voted for 1 TAC, so it's futile if only me understand this logic.

Everytime the block reward goes down, the hashrate drops and the price drops too. For me I have got enough TACs so I don't care about getting more TAC now. Right now I'm still mining TAC with a loss to keep the network healthy and to support TAC, but no way the new miners or season miners would the same like me. If everyone remembers atleticofa he's the loudest supporter of TAC from the beginning and now we don't see him anywhere. Somehow he's got frustrated like me and go to other coins.

If you really care for TAC, search for all my posts in this thread and vote 50 TAC for the next block reward.

Regards,

Aizen

What I think we need is someone with experience in making a strategy and a timeline for development. A dev is a dev. You need at least a PM and a Bussiness Analyst to handle the non dev part. They have a different mindset and could have forecasted that lowering the block reward is a move in the wrong direction. With a specialized team this coin can become featurefull and well marketed. A success.