Whilst driving through a remote part South Wales with my family for a holiday, I stopped off at a cafe/restaurant with a very poor Internet connection. I was troubled by a series of posts on the HoboNickels Bitcointalk thread from
vegasguy. He wanted to know how "to send many transactions to the same address in small amounts" - but was finding it difficult. He was thinking of using the 'sendmany' command. Here's a link to the Bitcointalk page in question:
https://bitcointalk.org/index.php?topic=303749.msg11837695#msg11837695A very capable member of the community replied to him by confirming that all Bitcoin-derived coins have the 'sendmany' capability. I tried to head
vegasguy off from exploring further by trying to suggest that HoboNickels was different because it was a Scrypt-based coin - hoping that others would understand what I was trying to do and pick up upon it.
I wasn't concerned so much about lots of moderate amounts which can help the Network.
I was concerned about flooding the system with micro-amounts which is a MASSIVE, theoretical security risk. Stopping the micro-amounts from staking is, to my mind, a very desirable property for TEK to have and should be adopted without further delay.
I think that we should accept a gradual, fair-to-all, falling POS percentage to put a break on an increasing coin supply. I don't think that it's crucial since, at the moment, the TEK coin supply at 42,000,000 is considerably less than most other established coins - surprising considering the amount of time that TEKcoin has been around.
Biomech's and
thefix's suggestions seem reasonable to me, although I would prefer the POS return percentage to be simply and gradually, inversely-linked to the coin supply - possibly kicking in before we hit 75,000,000 ... I'm following
Biomech's example of plucking a figure out of the air to get the ball rolling.
I agree with
Kiklo's observation that
"the whole point behind requiring a 1000 per block, was to lower the difficulty so that people could start getting 40% stakes again and allowing the smaller blocks to stay will kind of defeat that purpose". However, I would like to emphasise the security aspect as a further reason for action in this direction.
If nothing else is done, stopping micro-amounts from staking should be implemented as quickly as possible and would increase the security of TEKcoin tremendously.