I'm going to voice my opinion on the fork issue. However, take this with a grain of salt because I thought the fork to 16 would work wonders.
I was in favor of a reduced block reward because the coins just kept stacking up at the exchanges and price kept falling because there werent enough buyers for the amount of coins being sold. The argument was put forward that with the current minting rate (77) the price just could not stabilize or increase, and that is a very logical argument.
So make fewer coins per day and the exchanges dont get dumped on as much and the price goes up. However that just did not happen. What happened was that miners pulled away and the hashrate dropped, interest in the coin dropped, in spite of all the hard work and effort on the part of Jilixi and the other community members.
So what we did by forking the coin to 16 failed, and dropping to 8, then 4 will be even worse as JackDMiner has said.
Most all the existing hashrate is community members trying to keep their investment afloat. so that tells me that the fork was not a success. The "If we build it, they will come" plan did not pan out either. Only because the price of the coin is so undervalued (Im sure many think the price is where it should be) no one that was worked hard to dig these nuggets wants to trade that low. If the coin price was fair and you can mine more, the KDC store would have been busy with orders.
There are many opinions on how we should handle this next fork. Go more coins per block, change to x-11, etc... I'm not intelligent enough to say what is best and what will work and I admit that because I was wrong on the previous fork.
There are lots of intangibles at work here. Things like can the DEV's bring a KDC Exchange online? and if so, when? If they can how will that impact the value of the coin? will the price raise enough to get miners and investors interested again?
I would urge the developers and community to not be too hasty on this. Lets recap the last 3 months and learn from experiences.
Maybe we can seize this opportunity to make this coin better!
Just my 2cents.
I was in favor of a reduced block reward because the coins just kept stacking up at the exchanges and price kept falling because there werent enough buyers for the amount of coins being sold. The argument was put forward that with the current minting rate (77) the price just could not stabilize or increase, and that is a very logical argument.
So make fewer coins per day and the exchanges dont get dumped on as much and the price goes up. However that just did not happen. What happened was that miners pulled away and the hashrate dropped, interest in the coin dropped, in spite of all the hard work and effort on the part of Jilixi and the other community members.
So what we did by forking the coin to 16 failed, and dropping to 8, then 4 will be even worse as JackDMiner has said.
Most all the existing hashrate is community members trying to keep their investment afloat. so that tells me that the fork was not a success. The "If we build it, they will come" plan did not pan out either. Only because the price of the coin is so undervalued (Im sure many think the price is where it should be) no one that was worked hard to dig these nuggets wants to trade that low. If the coin price was fair and you can mine more, the KDC store would have been busy with orders.
There are many opinions on how we should handle this next fork. Go more coins per block, change to x-11, etc... I'm not intelligent enough to say what is best and what will work and I admit that because I was wrong on the previous fork.
There are lots of intangibles at work here. Things like can the DEV's bring a KDC Exchange online? and if so, when? If they can how will that impact the value of the coin? will the price raise enough to get miners and investors interested again?
I would urge the developers and community to not be too hasty on this. Lets recap the last 3 months and learn from experiences.
Maybe we can seize this opportunity to make this coin better!
Just my 2cents.
u want people like your coin and mine it ... make price high and u make it tradable for things they want .... THATS THE ONLY THING MAKE PEOPLE MINE ... belive it or not anything else is useless .....
increasing block reward will increase market pressure on price .... making go even lower .... that will make coin die ....
things to do to make coin back to its place
1-Fix the goddamn chain from the KGW error ..... KDC is paralyzed right now
2- fixing the Block explorer so people can see trans
3-Make a Multipool to mine most profitable to get KDC
