Re: [ANN][CFC2]Coffeecoin | MANDATORY UPDATE to Version 2.0.1
Any plans to stop the 100 CFC PoW blocks or at least to reduce them? This was meant to be a 100,000,000 supply coin and now we are at 108 mil already. You can go down in history as the first developer to increase the initial coin production. Others usually look for ways to decrease it.
POS coins are inflationary, meaning they never stop producing coins, so no, I wouldn't be the first developer to increase the coin supply, but rather one of many
. But to answer your question, yes we do plan to disable POW. I've been trying to get in touch with Orangecoin's dev (the guy who coded CFC2) these past few days to discuss it with him. Take a look here and you'll see why: http://chainz.cryptoid.info/cfc2/#!extractionPOW/POS does, in fact, create coins at a faster rate than just pure POS. An option I discussed with one of our frequent contributors was to destroy however many coins are created through POW once we disable it. To what end, though? As I've mentioned before, POS coins are inflationary so the coins would eventually re-enter the supply in the future. Try this for an experiment: open the wallet of your favorite POS coin, type "getinfo" in the debug command line, wait for a couple blocks, then type "getinfo" again and compare "moneysupply" and you'll see what I mean.
When POS start working?
The first POS block (as far as I know) hit the network on June 30; it's already working
Now the question is whether it can sustain the network without the help of POW.