Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Slimcoin : Proof of Burn NEW BLOCK GEN, Mineable by low power computer!
by
primer-
on 07/07/2014, 19:50:17 UTC
If removing PoS would help the developing process I can see a point in sacking it. But please lets not increase the volume of new coins created or the maximum supply.

Its inevitable.

Removing PoS will increase volume of new coins created (both PoW and PoB.)
Increasing PoS diff. will increase volume of new coins created (both PoW and PoB).

Their is no way to keep the current daily coin supply the same unless PoW block creation time is increased.


No way, like reducing-PoW-PoB-block-reward no way?

Reward system is a story on its own. PoW reward was designed for a mediocre difficulty. If this coin ever takes off expect a 3-4SLM block reward. That wont work so a fork will be required. PoB suffers from the same flaw, current PoB reward is 17, once we increase PoW generation rate expect more burned coins. We should have 400k burned coins in a week or two which should drop the reward down to 10 or less.