However, to my mind the most important issue is the PoS minting rate. I feel there must be something wrong with the algorithm, but the current rate of PoS minting seems far too high. I would actually prefer to see it removed entirely but would be happy to hear alternative views.
No need to remove it. This feature makes this coin quite unique. Yes, it's huge inflation generating loads of new coins, but is it really that bad? PoS coin generation can be easily absorbed by newcomers. But we need to make it clear to everyone - PoS is huge (I am getting 100% each 10-12 days I think). Do I want to sell it with this rate? Not really. (see where demand kicks in?) As for eBay, market will always have buy-wall. Like now it's 171, I'll base my price on that.
We need more real stuff items listed somehow. Bit for bit is good of cause, but something tangible is way better.
The reason I am concerned about the PoS minting rate is as follows:
1. The spec. in the OP is for 10% per annum, it is running well above that at the moment, so something is wrong
2. The coin is only meant to have 2.5 million coins total - does this include the PoS coins? Or rather is it
meant to include them? If it is meant to include them, is the algorithm implemented correctly to ensure that? If it is not meant to include them then see point 3.
3. With the low total number of coins I do not think this is really a transactional coin, rather, as the OP says it is a store of value; but who will invest in V on that basis if the number of coins is doubling every couple of weeks?
Given that I think if there is to be a PoS element (and other coins do have PoS) then it should be in the 1-3% per annum range at most.
In any event the algorithm needs to be reviewed and checked.
Again these are my views - what I really want see is people engaging with the thread and being part of the community.
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