The inflation is now 118% pa, or 10% per month, not counting POS. The top miner at coinmin.pl is getting 84k YAC per day. If the community doesn't do anything YAC will get the reputation that saver's value will be wiped out by a few miners when diff is low.
Couldn't we say the same thing about Bitcoin or any coin that has POW?
YAC survives to this day was not because someone stuck to the original release, but because someone went ahead to keep working and improving.
That is definitely the reason I have stuck with YAC, but look at YBCoin or ZCCoin. If you define value as marketcap, they have done amazing well compared to other coins which have phenomenally better in terms of spearheading activity and improvements.
I don't know if a hardfork is needed. But if it is, there is only one pool and 60 miners in the world to persuade.
A hardfork is really a vote of no confidence by stakeholders for their own coin. Value is based on perception, 'fiat', so you can imagine how a serious investor would perceive a coin that just forks when a handful of people are unhappy with the price per coin. Plus, you would have to coordinate with the exchanges (you TRUST they will follow through?), and I use the pool yac.m-s-t.org
For a starter, I suggest we change the cap to 25 which effectively sets the index to 0 when diff<=1. The cap is reached when diff<1 . Maximum inflation will be 49% pa. It's still pretty bad but if it is too low the miners aren't too happy. That said if a miner likes YAK, he/she should like low inflation; if she/he doesn't care, then feel free to mine something else.
With all respect (and I love your enthusiasm), I feel you are really talking about changing one arbitrary value for another arbitrary value in order to reach some unknown, arbitrary goal. Again, look at YBCoin... they have like a 1% PoS annual inflation rate? Compared to YACoin at 5%? I thought PoS was good for savers?
Your last comment almost implies a point that I would agree with: it seems intuitive that in order for a coin to increase in value, the miners need to mine and HOLD, not mine and dump. If all of the miners just put their yacoins in cold storage forever, wouldn't you retract your suggestion?
I think it is very difficult to convince someone who is brand new to crypto to mine and NOT dump a coin that is ranked 140 in marketcap when it is profitable to do so. Perhaps a corollary idea of helping people who are already holding to mine would be better at this point. I am flirting with an idea to send a 16GB USB stick to people in exchange for YAC. You could tell me your hardware configuration, and I'll program all the software needed on the USB, so all you will have to do is turn on the Power Supply Unit. I'm weary of the idea because not a single person was interested in my YACrates.
