guys I have a question:
Roadmap:
Q3: Constructing a NewYorkCoin inflation-reduction plan in order to balance the need to maintain zero or near-zero transaction fees while adequately incentivizing miners to solve blocks on the NewYorkCoin blockchain
Q4: Implementing the inflation reduction plan after receiving network consensus
therefore the quantity of coins purchased decreases by half or more, right?
hi there!
that actually depends on what you mean:
* If by halving you mean, having the block reward van from 10k to 5k NewYorkCoin, that means that per 30sec a block reward of 10k NYC would be send to that miner that resolved this specific block. => This is on the roadmap yes, but needs consensus in the community.
* If you mean something in the sense of a hard forking to a coin with a lower max supply): that would mean ... or better said: COULD mean that there would be eg a reduction for all coin holders in their wallet. Let's say current supply goes from 133bilion to 1.3 billion, some1 with 1million coins should only have 10.000 coins in their wallet.
=> This is NOT on the ROADMAP!
An investigation of possible coin burn events is also ongoing, that has nothing to do with your concerns, however coin burn would mean that people would volunteer to send a % of their coins (let's say fee's for mining pool operators, games like dice,...) to a "burn wallet" where they never could be used again.
