Quote from: sherm77 on November 01, 2018, 09:58:18 PM

Hello Coppercoin enthusiasts and holders!

After consulting with the community & developers, I think that I have come up with a strategy that will appeal to everyone. I want to get your feedback before we go forward. I will be working on another ANN after we make decisions on this, so your input on these items is essential.

POS: Fix POS in the wallet, make it a fixed 10% annually. This will reward those that have been buying/mining/holding since Sept 2017 and help your crypto nestegg grow. POS implementation will also secure the blockchain against 51% attacks and double-spending attacks. This particular item is more important than the 10% annual "interest", but the interest is a nice feature that comes along with blockchain security.

POW: The phasing out of POW by the 84 millionth coin. 84 million coins are the current max possible supply, but this does not provide for a viable coin beyond 2019. When we hit the 84 millionth coin, we go to pure POS. That means that the Coppercoin chain will depend on wallets being open and providing block finding/transaction handling. We're close to 74 million coins in current supply, so that would give the miners plenty of coins to mine and hopefully hold.

Raise Max Supply: I propose that we raise the max supply to 168 million, which is double the current max supply. If we stay with the current block rate per day (~7.3 million per year I've been told), then that will give us about 12 years until we hit max supply.

Utility: Personally I think that Coppercoin has a loyal following and that we individually and corporately can find utility for Coppercoin. There are lots of ideas that have been given and I have a few ideas for payment using Coppercoin.

I'll post this reply on Discord & Telegram and I'll be looking forward to your input. We need to make a decision in the next week on this, so please take the time to let us know your opinions.

sounds like a plan. been hoping someone would do something with this coin

barryhumper

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