DEV we need quick Halves, other wise Multipool will keep dumping their coins until pow period ends...
you can also check dark thread, at first the reward is 500coin then reduce to 25 coins after they realised the Multipool dumping.
similar thing happened with XC coin. they ends their mining period soon after they realized Multipool keep dumping
Further more, POS mining is a more greener way for coin distribution, it do not need GPU cards and waste electricity!
what's the meaning of pow period?
Halves block reward to 64 coins, Please..
I understand your point and concerns, and we will seriously consider your proposal. We know this is what happened to XC and other coins. We will protect the best of our community's interests against multipools. The Supercoin dev team will make a decision on this matter. Thank you for your great support to us.
Dev,Thank you very much! that's the reason:thanks for your quick reply dev.
i have engaged with altcoin more than one years, have seen so many good coins just killed by Multipool.
i do hope supercoin has a bright future, because we are super!
From my altcoin experience, there are 2 things are really bad for altcoin.
First is coin inflation, because everyday if we have 0.3 Million supercoin, if the price hit 10K satoshi, you will need 30BTC buying support, that's ok with current circumstances, but if the price hit 100K satoshi, you will need 300BTC support everyday, so it's impossible for nowdays coin, that's the reason why dark and XC and VRC coin has very low inflation. i also hope supercoin has a lower inflation.
Second is the Multipool, they will control everyday's coin supply, after they mined this coin, they will dump it soon for profit.
so based the two reasons, i would like to advice to reduce the block reward more quickly and keep the total amount fixed or also can reduce the total amount. otherwise the price is not maintainable.
so how about reduce the block reward every week and at some point keep it at a low block reward?
so now we have 512 coin block reward,
512--》256--》128--》64 ends (4 weeks)
or
512--》256--》128--》64--》32 ends.(
Multipool will not profitable any more and keep lower inflation also small miner will mine this coin)(5 weeks)
if we have a lower block reward, people would keep their coin for pos mining, it‘s a better and greener way for coin distributing than Multipool control the coin supply.
Posted this 4 days ago.