When the block reward halves to 4,096 coins in 6 months what will be the incentive for miners to continue secure the network, when they know for the first month miners made billions of coins per day?
with pos there will not be a need for miners due to proof of stake verifying trans. and most of the coins made now are on the market for anyone to grab and do what they will, cgb for example is about 200k away from totally being mined i think it will be the first coin to be finished, so we will see what happens to market price of a coin when mining of it is no more, and yet again we expect to develop this coin from base up, when these beginning wrinkles smooth out there is way too much in the works for this coin to go down in price.
As of now i alone have spent around 600ltc on this coin, zack has spent more then plenty as well, we are backing it with everything possible
and have not started any promotions or spreading out till everything is 110% smoothed out.
If any coin makers would like to stop by and say hi, we need all the help we can get
paying very well for any contributions.
The future is here!
