Quote from: MuchFlyy on August 28, 2014, 10:03:18 PM

id10tothe9
Nice to see that someone is still looking after TIPS.
What will happen to the current coins in wallets if we switch to the POS?
There isn't any demand on TIPS right now, switching to POS might completely kill the coin. As with MINT, ZEIT and RDD, prices creeped down after POS implementation.
Lowering maximum TIPS might cause a short lived price spike, benefiting bag holders such as myself, but I don't see it benefiting the coin.
I believe the only way TIPS can be picked up by merchants or community is stable price, I haven't given this much thought but stacking TIPS against a $ value would be better than exchanging it into BTC, LTC or DOGE.
How much do we need to raise in TIPS donations to get the project moving?

hi MuchFlyy, I'm not sure why those coins fell after POS implementation didn't look into them but it might also be due to the fact that all coins have been plummeting in the recent period. If you have an argument why POS would cause the price to fall please let me know! In general terms, I think POS has many benefits as opposed to POW and would help the stability at least in the long run. That's because, with POS the owners of the coin get to support the network instead of the few who own hashing hardware and the multipool which care only about profit and have already hurt us a lot and were a major reason why we fell this deep. And with POS those who believe in the coin and use it will be earning coins, and it makes more sense to me that the bagholders of the coin get rewarded with the new coins, which they usually wouldn't sell, instead of hardware owners getting these coins (wasting a lot of energy and costs), laying a selling pressure on the market and hurting the bagholders.
And on lowering the maximum count of TiPS, the reasoning behind this is for us to be on the btc market instead of the ltc market, so we would have access to a larger market with more volume. I think this would just help the coin reach its potential more easily. The currently available coins in the wallets would get swapped for the new TiPS 2.0 coins, so let's say we would create a new block chain for it, then the addresses on the old chain can send their coins to a given address where the coins get burned, and the owner gets a proportionate amount of the new coins. I believe other coins have done it or are in the process of doing it, so it seems like a safe and viable option.
About the donations I'm not sure, I guess we need to have the devs first who preferably can buy their own stake in TiPS to get invested so that not much donations are needed. It seems that a 10% donation from bagholders is a number all (those who commented) agreed upon, and I think we can create a multipool after switching to POS where those of us who have hardware can mine other coins and sell them to buy tips thereby supporting the price instead of dumping! and then a portion of the pool gains gets donated to the development fund.
Does that make sense?