Wondering whether we should/could discuss the way block rewards are paid out.
I quite like the way DASH has been set up.
Each block reward is shared by the miner, full nodes, and some is kept to go towards development etc
I think this is a sustainable long term model, one that was not available to me at the time I commissioned the work to be done.
Thoughts?
So effectively you plan to reduce the rewards that the miners are getting? I believe it is too late for that. This is not the spark that the coin needs at the moment. If you want more coins, you can pretty much buy as much as you want for nothing on the open market. What part of the block rewards are you going to send to the development fund in order to make it meaningful?
The biggest problem of this coin is the very tiny marketcap which is the result of lack of interest from buyers and the constant inflation from miners.
The best thing could be to cut the supply and mining all together and go full POS wtih very low rewards. This should give the coin some momentum, which you can use to launch your new projects and build up on the hype.
Anyway, something needs to be done as there is a lot of competition and you can't just sit and watch.
Thanks for taking the time to engage.
"go full POS wtih very low rewards" - This is everything I don't want to do tbh, it's also a huge amount of ammo for fud/scam accusations based on the current distribution, which wouldn't be eroded as inflation would be significantly reduced.
I like the idea of new comers being able to be rewarded, but not having to use a high spec PC or GPU. Nodes could be a raspberry pi for example, which is attainable for a much larger group of people than a high spec CPU/GPU.
I don't have a "fixed" idea and I/we are open to any feedback.
