On another note, I think we need to re-address the coins cap.
When the coin was released there was to be a 330 Million coin cap, 300M to be distributed by mining and 30M to be distributed through staking.
I have currently sent a few feelers out to confirm that the coin still has there parameters.
The issue as far as I see it is that 30M coins distributed through staking only gives the coin a 5 year growth period (slightly less if all coins were staked and the interest was compounded)
I think we need to look at the coin having more like a 20 year growth period, keep the staking at 2% per annum but raise the ceiling to something closer to 420M
another BUMP
Sorry dont agree.
As soon as that was said people began to sell.
The coin is devalued if you do this..
Just my 2c worth
Suggestions and ideas are completely allowed to be voiced by all community members, hence why we are a community where every idea can be shared, discussed and debated... They are only ideas until the community decides that there is validity in an idea that is worth pursuing, then, the idea could go to a vote. At this time as I understand it, this is only an idea proposed by one community member at this time, I haven't seen any arguments for or against this at this time.
Why would we increase the growth period/market cap?
Perhaps in a year or so, we should revisit this?
What can you provide as an example to compare the proposed change to?
What purpose would increasing the cap provide to current investors?
I respectfully disagree with your point about when this was posted/the timing, someone has been trying to short for some time, its pretty easy to see imo however, you are absolutely entitled to your opinion!
For now, I also would disagree with an increase the marketcap/staking period and would suggest that down the road in a few years this topic be revisited...