I am sure all holders would love a reduction in 4/5ths of the coins to increase their holdings, but for the same reasons that a new Fed Coin shouldn't be created I am against it.
Absolutely right. You DO NOT fuck about with the supply of a coin after many have put thousands of dollars into it. It is not like we have bought something then discover an altered model on display at the shop - this is the equivalent of buying something then after a few weeks of using it discovering that the manufacture broke into your house overnight and changed core components without your consent.
It is unethical and completely foolish. ANY major change to a coin will result in massive dumping and a decrease in our investment.
If you want a more scarce coin then go away and buy Catcoin or Feathercoin or any of the other 100 hundred currencies out there, but do NOT mess with others investment. I didn't buy 300 Million TIPS to have people on a forum change the recipe post purchase.
I think you might misunderstan. I think people are saying that the max coins that can be produced is lowered, not the number of coins you hold. So you would still have 300 million. But within mining the limit will not go to 500 billion just 250 billions max. So this would INCREASE the value of your holding , not decrease it.
No I understand. I argue however that it would not increase the value but rather cause an almighty dump and the ultimate death of the coin simply because people do not want to be invested in a coin that is being fiddled about with beyond that which is absolutely necessary to ensure it survives (the kimoto gravity well implementation for example). If the dev changes the total supply of the coin then that is firstly an admission that it was faulty from the outset and secondly that changes the image and conception on which TIPS was built. It also is a downright stupid move to try and artificially increase the value of a currency and means nothing unless people are willing to spend more BTC for each coin which is extremely unlikey - people are not just going to suddenly pay 50% more per coin because there will eventually be only 250 billion coins. We need to focus on the goods and services available to be used or bought with TIPS - forget about trying to mess with the coins supply so you can get more bitcoin when you dump. The only people who want it increased are those trying to make more Bitcoin at the expense of others, it's a bad idea and it won't succeed.
This!
The coin doesn't need an artificial shortage. It's good enough to walk through difficult times like this when multipools hit it.
Once the coin mixing service and the gravity stuff is fully implemented and released, this coin will grow as it deserves. We don't need code fiddling just for short profit for people that don't believe.
