Quote from: othe on November 08, 2014, 05:56:04 PM

Quote from: Come-In-Behind on November 08, 2014, 05:09:20 PM

Quote from: canth on November 08, 2014, 04:07:09 PM

Quote from: BitmoreCoin on November 08, 2014, 03:04:04 PM

Quote from: nakaone on November 08, 2014, 03:01:18 PM

I somewhat now see some arguments for changing the emission - best would be if could change the emission and adapt the current amount of coins accordingly, but I think this is really impossible.

maybe I am wrong and the social contract is less important than the fixing - I am really really unsure about this.

We may need a new CN coin to implement the thoughts here.

Apologies if someone else has brought this up, but has the idea of re-launching a new Monero or other CN coin and then burning Monero to transfer value been floated?

The idea of burning coins to start a project is in general a bad idea, since it leaves the project without funding. However, for the purpose of transferring value aka, going from coin 1.0 to coin 2.0, it's a valid tool.

Launch XMR 2.0, allow a 30 day period of burn/conversion and then there's no need to mess with XMR 1.0.

This^ I think Monero is pretty "brandable" or at least well known as an altcoin. If there's a way to change the emission to something much more reasonable and have user's balances also converted into the new blockchain, then I say, Go for it. The current emission(especially given that Monero is tied to Bitcoin atm and Bitcoin's a bit bearish along with the high emission rate atm) is going to Kill this coin.

My opinion is that high adoption comes after a decent enough investor base. And investors don't come in where when they're investments are just going to fade away with continious price dropping from high emission. As I think about it, the current emission entirely benefits selfish miners at this point, this can be fixed completely now as Monero is still very young, but wait any longer(months from now) and this coin will be dead by then.

Wtf?

Whats the point of this... u guys really have some weird ass ideas, its unbelieveable Wink

There´s no need to launch a new coin to just change the emission but i say it once again i want someone to proof to me that Emission XYZ is good for us and don´t come here and write 10 lines on a forum. If we change it we have to make it "perfect" or we cry in 1 year again. Feel free to fork Monero and do your own coin but then you can do the dev work the whole fucking day instead of us. Feel free to make fancy sidechains and whatever you had in mind but prepare to code that all alone.

Its for me pretty simple: NO ONE HERE knows whats the best way to do, its all speculation and we will not find out until the years will pass by, its the same with bitcoins and mining only mining fees - NO ONE knows if that´s going to work out in 100 years or so.
And its pretty clear that the community can´t find a consensus so far?

Selfish miners wtf? They secure our fucking network and that´s why they get rewarded, mining is pretty much +-0 profit atm anyway...

Quote

monero's deflationary characteristic (~18M coins in short time) might cause miners gradualy to abandon the ship when the reward starts to get low (happening soon with current emission) and not enough adoption takes place.
Monero hashrate is trending lower for almost 3 months now and we are still in the inflationary stage!! What will happen in a year or two? Is the adoption going to be so big in a year to drive the price up even when there are so many coins mined already and compensate miners for low reward

And they wont just LEAVE NOW IF WE CUT THE EMISSION?!?!

There are shitton of PoS coins like NXT who don´t have inflation and still their marketcap shrinks and shrinks - can you explain me that??

Why do u think new users are worse off?! Please explain me that they can prolly buy cheap coins even in a year or two...Aren´t they worse off if we artificially higher the price now?

I throw something else in the round now: Maybe this bullshit ongoing emission talk is the real reason of the price decline?

PS: i am generally open to tweak the Emission if we reach a consensus.
PS2: This is my personal opinion and yeah, i am getting tired from this shit.

The problem isn't miners abandoning. Botnets mine a good proportion and sell their coins accordingly, contributing to the price decline. By launch a new coin, I mean something similar to what canth proposed and what I've seen other altcoins do. Create a new blockchain and have user's "transfer" their coins on the original blockchain to the new one based on the # of coins they hold in their wallet. So like starting a new beginning with a new, much better emission and keeping everything else that everyone loves(the logo, name, website, the ideals) and throwing away the thing that hurts the coin the most(the emission)