Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Exclusive Coin - x11, 4 Exchanges, BIG Community,Market/Outlet LIVE!
by
Xuorc
on 17/10/2014, 13:11:05 UTC
What is the projected end or reduction in POW mining? Proof of Stake only is the way to go IMO but has to be done right. If you have POW mining you have constant sell pressure but if it is POS only, along with a solid fee structure, it can be proportionally more rewarding to be an early adopter. Also, have you thought of the idea of possibly swapping the Blockchain for a new one at some point in the future in order to trim off a large portion of Blocks?

40 second Block time is fast and also will carry alot of bloat, Mintcoin has this problem with a 30 second Block time, what can be done in order to eliminate or reduce the amount of data within the Blockchain over time?

See my previous post: https://bitcointalk.org/index.php?topic=771755.msg9046471#msg9046471

There is a long time to go on the POW phase yet but there are not many coins created (relative to other coins).  8 per block which is 17,280 coins per day.

Possible approach: end POW phase early meaning sell pressure off plus fewer coins that ever exist.  Requires a fork though I'm guessing.  Could trim the blockchain at the same time.  Not sure if any of this is necessary though.

Thoughts anyone else?