Post
Topic
Board Announcements (Altcoins)
Re: ★★ DigiByte ★ 极特币★★ [DGB] ✈ ✔ v3.0.3 proposed update now out!
by
bogglor
on 22/11/2014, 10:16:39 UTC
This proposed change to the block reward seems like a reaction to people's concerns about the current value of the coin, not the long term value.

Remember a few months ago when the algo change happened? The block reward was about 7647. Now it's about 6917. That's about a 10% drop in block reward over three months. Now there's a proposed change to make the block reward 2435 and then only drop 11-12% over the course of a whole year!! That's a huge slowdown to the reduction of the block reward and may result in a slight increase in value in the short term, not the long term.

The block reward (in it's current state) is dropping very fast now, but unfortunately in the altcoin world people want to see results "now now now" and aren't willing to wait the years necessary to reach a desired result.
 
If left alone, the block reward would hit 2435 in two years. And would continue to decrease faster than the new proposed change. This means that with the new change, in two years DGB will be adding coins to circulation FASTER than if they left the block reward as it is now.

If left alone, the value of DGB would probably continue to drop. It's a hard choice. Add more coins now (current state), or add more coins later (proposed change)?

The Digibyte team says that they are in this for the long haul. If they are, then why change for a fix that might cause only short term value stability? Is the Digibyte team looking at DGB as a speculative commodity, or as a currency? Value of the coin is not important. Acceptance into the marketplace is.