Re: [ANN][TAC] TalkCoin | Decentralized Communications Currency

Thanks for the update, its great to see the coin being taken over and looked after and Im sure everyone appreciates your effort.

But I dont get why the block reward is being left at the current value for another 11.5 months!?? The inflation at the current level is clearly way too much.

We don't want to see that the new investors come, say that we instamine this coin for 3 months and now reduce to block reward to make advantage for us. That's why we keep the current value of block reward through voting (15.37 TAC) and halving it after 1.5M blocks. So new investors could still have the same advantage to join in.

Regards,

Aizen

Investors care about the profit they are gonna make with the coin. If you dont take initiative to reduce the inflation, prices unlikely to climb higher.

Now that we have control over the supply, it's something we can definitely look into. We've seen inflation kill many coins and we don't want this for TAC.

With the proposed supply curve, if we were at 10k sat, inflation would be 6 BTC a day roughly. Once we get established and chat will be used more, we didn't think this would be a problem...

What would be your recommendation? We are open to all ideas and welcome healthy discussion about this.

i have already suggested to remove voting system, make block reward 5 TAC per block and never change back.

As have many people. Is there a reason why you would like 5 block reward?

Seems reasonable imo, for ex Darkcoin had 5 DRK reward @max difficulty and it was fine.TAC has much faster block time and already ~9M coins minted,so a lower block reward could work too.

Believe me, as one of the first investors of the coin I would even prefer 1TAC block reward :p
But it would be unfair for new investors don't you think ? Btw the problem with block reward could be solved if the community agree to this, we are actually very open to discussion.