Is motocoin going to survive, guys?
Why wouldn't it?
At this point I'm starting to wonder if you're serious, or just trollin.
I mean...
Also I think you should reconsider your financial model. I think it should eventually transition into a 'POS' coin
Stake based mining is both fundamentally flawed as a premise in general, and antithetical to the intent of MOTO specifically.
We might have some use in the future for something more like a PoA mechanism, but coinbase claim should always remain strictly driven by proof-of-play.
where interest from transaction fees is used to pay miners, otherwise the currency will hyperinflate... i mean wallet owners don't get POS interest, I mean the transaction fees is sucked into the blockchain and distributed to 'miners'...
Transaction fees are already redistributed to miners, so I'm not sure what you're on about here...
otherwise if you keep on creating more coins then well, the coin will just hyperinflate and become another flattened doge killed by a steamroller on the information superhighway!
Nobody can accurately predict the future and accuracy of predictions obviously decreases over time. We can't possibly guess whether the production rate will sit above or below the rate of coin loss on the long tail, so we can't reasonably speculate as to if MOTO will be inflationary or deflationary "in the end" because the "end" is so far after all of us will be long dead.
If we were to speculate, the sensible speculation would be to assume that it will not hyper-inflate, on average. The diminishing production is highly likely to overcome natural coin loss rate well before the end of the diminish period.
I think it is probably only natural that at some point the parameters of this formula would be "adjusted" to further increase the probability that these creation/loss curves do cross, and personally I'd even like to see it go so far as to introduce a finite supply to force the issue, but even if the supply is left infinite we will likely introduce a sink at some point to encourage (or maybe even give direct incentive for) more intentional coin loss.
In any case, it is a question that "doesn't matter" for hundreds of years anyway, so why dwell on it at? Even if we do decide it is a problem (I'm not really convinced and I think Will is very far from convinced) we have a LOT of time to rectify it!
So I think transaction fees should be a bit higher than other cryptos in regards ratio of transaction fee to 1 unit of the coin,
Whoa, I think I missed something. How did you make a jump from the inflationary/deflationary curve to tx fees? Fees don't impact the coin production. How is a change to TX fees even a factor here?
also i think this transition should auto adjust depending on the amount of transactions available. Sort of self modulation so that less coins are created eventually. The problem is that the coin would need to be popularized in order for this transition to have enough transaction fees to back it up.
Now you've lost me entirely. Increasing or reducing fees makes no change in how many coins are created in any time-frame.
... but if there's a large amount of miners but not enough transactions and transactions fees are too small and their total isn't enough to reward all the miners...
Miners probably care very little about fee amounts, and likely will care very little about them for quite some time. We are not even through the first halving yet. Anyone mining today (and for many years to come) is doing so to collect block rewards, not fees.
it could help the coin rarify but depopulate the mining community...
This doesn't make sense to me. Rarity of the coin in total depends only on the work subsidy function as encoded, and liquidity of the coin on the behavior of speculators. Increasing or decreasing mining activity does not affect coin production rate in anything but the immediate term - difficulty target adjustment enforces, specifically, this.
and if you really want this coin played by a lot of people and bring in enthusiasm from outside the coin world I would suggest better graphics
Better graphics will probably be done at some point, but this is quite a way down on the priority list.
and as I mentioned be a sidescroller,
You're still beating this dead horse? As has been explained to you several times (both publicly and in PM) this cannot reasonably be made to work in any way that doesn't explicitly give huge advantage to bots, which could use an indefinite "look ahead" on the level to play at a significant advantage. No game mechanic which predicates a challenge on the premise of "surprise the user" can ever really work, since we cannot "surprise a bot" by any means known to date.
still based on time success, less difficult terrain
If anything, terrain should be made much more difficult! Much (arguably "all" at this juncture) of our current woes stem directly from the fact that maps are currently far too easily traversed by bots.
but add a shooting factor just to make it harder for the player,
While possible, we (again) want to avoid doing things that add challenge to a human player while at the same time giving advantage to the machines. A bot could trivially be made to have "perfect targeting" aim, so all this would serve to do is further decrease human margins.
while the terrain is more navigable and hence playability is increased... more enjoyable. playability of this game is pretty lousy... enjoyment factor 0.0001.
We hear you, we don't disagree. We've heard you, and we haven't disagreed. Our position hasn't changed. We need suggestions on improvements to play-ability that are both possible and don't give wide margins to machines. So far all you have done is repeatedly offer the same two suggestions which don't fall into that category.
We have to consider the human aspect as well... Also there's a drupal module called bitcoin commerce that can be modified to use other currencies. If motocoin can be stabilized somehow I'm sure it could be used or promoted in some way as a viable cryptocurrency.
I'm sure we would all heavily encourage adoption of the currency by any site or service wishing to. I'd even be willing to personally assist people with making the necessary modifications to not only this drupal module, but any random btc payment gateway code. Usually such changes are not difficult at all.
I prefer the term cyber currency because it means that the general internet population would be acquainted with it.
"Cyber currency" or "digital currency" are both super-sets of "crypto-currency" and as such are valid, though generalized, labels.
Cryptocurrencies are a niche item.
While I might have agreed with you back when I first got into BTC, I think this is increasingly less true today.
Buying moto with cash or being able to sell directly for cash is another ballgame of marketing...
You can already do this on c-cex today, no?
I know its completely irrelevant to your back-end developer bot problems yet they are still obstacles this coin faces...
I don't see anything you've brought up here as a significant "obstacle" for MOTO to overcome. Can you clarify this statement for me?
Do you think this coin will be worth something in 5 years, or will it disappear soon?
Again, I'd like to know by what reasoning you think the coin might "disappear?" As long as the chain keeps hashing (and boy, is it!) then MOTO can't disappear. A crypto network can only be killed by stopping its chain, and that is generally pretty hard to do by any mechanism other than all of the miners simply stopping their mining of it. I don't see any reason that this would happen any time soon, aside from the potential of a successfully executed warp attack of significance. Given the current state of the network, this would probably be extremely difficult to pull off. (Creating the deficit warp would require beating an already-inexplicably-fast map filter and creating the credit warp would require an in-feasibly fast traversal solver. It is possible but, at this point, would be an astonishing feat of engineering for anyone but the current dominant miner to pull off.)
Please let me know, so I can go cry in a corner... I bought a coupla btc worth, LOL!
It was all I had...
Again, MOTO is not your average quick-pump, 1-2 month max lifespan coin. If you were expecting some magical overnight return from riding some volatile momentum manipulations then you put your money behind the wrong coin, maybe you should have bought some HTML for a few days or something. If you invested in MOTO without intending the long game, you might not have made a good investment.
On the other hand, if you wanted in very early on a coin that is actually different, has (multiple, independent) committed developers who are doing real research science and engineering work to better their offering, is building something truly novel in the industry to date, is going to make an effort to persist and compete, isn't subject to being "hash raped" by the mining cartel, and that stands to survive long after the scam coins have all absconded and the crap coins have all died off, then just hold steady and confident in your wise outlay.
We're playing the long game, and we're playing for keeps. If you're looking for some higher risk and shorter term venture in this technology space then go talk to Bitfrog or HYPER (edit: or SVR, lol) guys, I'm sure they'd both just love to sell you some coin.
If you do end up selling your MOTO for something else please don't forget that I'm buying, just PM me and I'm sure we can work out a better priced and more immediate liquidation than you could get on the open market right now!
hahaha! I could have gone on a tropical vacation with that money... Mozambique or Madagascar, ffs!
lol
Jamaica mon!