I feel the release approaching but there are some immediate concerns regarding the coin distribution and the state of the market it results in.
Regardless of what the richlist shows, I look at the amount of coins mined over the last months and the miniscule amounts that have been sold, so am I wrong to assume that a single dominant miner holds 20%-30% of the coin supply? And then, I'd guess the handful of other miners make up for at least 50% cumulatively. I may be off quite a bit but I think the point would still stand... With that information at hand, how is anyone motivated to enter the market when there are currently zero uses for the coins one could purchase, and overwhelming danger of massive dumps at any point above any miner's electricity spend, resulting in a very likely immediate reduction in value of anyone's theoretical investment. No matter how much I'm attracted to the idea of MOTO, I feel there's crucial parts missing of an ecosystem needed for sustaining the growth of both the coin's future prospects and its economy.
Whatever happened to the online replay viewer development? Are that kind of features gonna get any attention after the first patch is released?
Also, I just got the weirdest idea. Since we gotta fork anyway, as it's a significant change, what if block rewards were boosted to 100 or so for a few hundred blocks to stimulate human mining and interest, while bot operators are busy adjusting their algorithms? It could then quickly return to normal. Just an idea, perhaps it can be changed into a better one.
If my logic is all backwards anywhere, feel free to correct me
Regardless of what the richlist shows, I look at the amount of coins mined over the last months and the miniscule amounts that have been sold, so am I wrong to assume that a single dominant miner holds 20%-30% of the coin supply? And then, I'd guess the handful of other miners make up for at least 50% cumulatively. I may be off quite a bit but I think the point would still stand... With that information at hand, how is anyone motivated to enter the market when there are currently zero uses for the coins one could purchase, and overwhelming danger of massive dumps at any point above any miner's electricity spend, resulting in a very likely immediate reduction in value of anyone's theoretical investment. No matter how much I'm attracted to the idea of MOTO, I feel there's crucial parts missing of an ecosystem needed for sustaining the growth of both the coin's future prospects and its economy.
Whatever happened to the online replay viewer development? Are that kind of features gonna get any attention after the first patch is released?
Also, I just got the weirdest idea. Since we gotta fork anyway, as it's a significant change, what if block rewards were boosted to 100 or so for a few hundred blocks to stimulate human mining and interest, while bot operators are busy adjusting their algorithms? It could then quickly return to normal. Just an idea, perhaps it can be changed into a better one.
If my logic is all backwards anywhere, feel free to correct me