Very impressive!!!! Reducing from 77 to 16 and after one month we drop to 8. This will certainly boost the coin price, but to keep a good result we need to add some nice websites that use Klondike coins.
The actual fork may even be a bit more extreme than that. The numbers i have thrown together are below. I will re check and re check again before we commit to them. There are no super blocks as we don't feel they add any value, just over complicate it and give lucky people more to dump.
day 0 will be Sunday, at around 5pm (block 84576 will be where it forks).
day block to halve at reward after halving
0 84576 16
30 127776 8
60 170976 4
1520 2273376 2
2250 3324576 1
3345 4901376 0.5
3777 5522934 0
This gives us a coin life of around 10.5 years seeing the last coin mined in the later half of the year 2024.
To make above a little easier to read we rapidly drop from 16 to 4 over 2 months. Then we sit at 4 coins per block for 4 years, this is 40 coins in a 10 minute period compared to bitcoins 25 coins every 10 minutes (roughly as their diff adjustment is different).
As for services, we heard you guys liked the idea of an exchange.. so stay tuned
Feedback on above please as as it stands this is what we will go with once i have re checked the maths.
Thoughts before we commit to the above?
It all depends what people would be able to do with their Klondike coins. Putting so low blocks rewards (i'm talking about those 2,1,0.5 block) is a dangerous game. We need to protect Klondikecoin against 51% attacks to, and the question is, how many people will mine when the reward is only 1 per block, so if some multipool want to take the coin over then they can do it. I agree with the 16 coins per block, I agree with the 8 coins per block and 4 coins per block would still be ok too, but lower then 4,mmmm, dangerous.
We're good for over 4 years before we hit 2 and in that time we will develop KDC further, i envision KDC being used predominantly as a commodity and thats what we would like to start with the exchange, creading X / KDC.
I don't feel concerned about the low number of coins, its the only way we can really keep the coin going that long, its either halve down then or keep it at 4 and then go straight to 0 after a few years less.
Its a steep drop but the price will adjust accordingly, if the price does not adjust miners will move away but the coin will be profitable again, its all relative and should be safe.
with 4 coins every minute thats 40 coins for every 25 coins bitcoin puts out and we have a similar total coins. The value is alot less, yes but as is the popularity. Its all relative.