Why would anyone would invest in a coin where there is 20% inflation every month? And as we have seen so far inflation caused collapse of the prices and that dumper Dev as well.Now you come and say you will keep same inflation, myself as an investor i stopped buying TAC only bcos of this and as you can see people here complaining i'm not alone.This is that simple.
you use the word 'inflation' as if its bad - it's just increasing the supply. If you don't do that, there won't be any coins. We had this 'inflation' since the start (even more) and that got us to > $500k market cap before the issue of 'infinite supply' took hold and dumped the price same as HVC. Now we are removing the infinite supply and setting 'inflation' to nearly half what is was 3 months ago so what's your point?
i think anyone with half a brain can see that last 3 months despite of features and developments, price fell 80-90%(from average of 4-5k to 500-600 satoshi). 3 Months ago we had smthing like 3M coins, now the demand is almost dead(no serious buyers in exchanges) we have 9M coins and you want to keep the speed of production of supply as its before, this doesn't make sense.This way, you will lose current investors as well they will dump their coins instead of buying more.
They never listen. Stop producing coins, this WONT CREATE DEMAND. Cut the supply and START ADDING FEATURES to keep MINING PROFITABLE with LOW INFLATION.
That's how CRYPTO WORKS. LIMITED AMOUNT+ADDING FEATURES. More to be mined = more to be dumped. High block reward won't attract anyone. Low block reward ain't evil, high block reward won't cause miracles to happen.
Are you mining the coin right now ? Are you planning to mine it ? How much hashing power will you put on it to support the network (now, tomorrow in a week, in a month later on ?)
How much TAC will you still have in 2 weeks after the take over (assuming the coin peak ?).
That's the question you should answer.
Yes. Yes. Same as always. Same amount. I will more likely keep mining it if supply will be cut and profitability will be higher, like it was someday(due to adding features causing price growth).
K-meister,
My team mates dealt with your points already and I support them 100%.
It's natural for some investors in this situation to think if they can chop off supply and get rich quick. The problem is new investors and miners aren't that stupid. Stupid meaning mental capacity of a moldy potato.
Anyway, playtime is over. Please let the grown-ups continue busting a nut all day trying to rejuvenate this coin with a realistic long term plan to rebuild all our investments through delivering value and a secure, decentralized and anonymous communication service people are going to want to use.
Please let me know how your takover goes.
cheers
Andy
No need to be rude, Andy. Read thread, everyone support the idea of cutting supply. You and your mates better listen to what community wants and deliver features. He is not trying to takeover, what he is trying to say is "please cut the inflation" with kind of aggresive "or I will take over this!", but that's not the point.
Before this, community asked about removing block reward vote, TEAM didn't listen(even tho you created a POLL and reacted like "whatever, we won't remove it anyway"). Everyone can see the consequences, dif drop 10x, price drop 20x. It was one of the most profitable coins, now it's one of the most non-profitable.
Besides, other problems are: everything is going way too slow for cryptoworld; lack of PR.
I wish this coin live and prosper, make your decisions and act, but decide wisely. Last time you didn't listen community, things went bad.
Need to clarify this - the poll was created by me and the team and not the core dev. It was our way to try to push him to listen to the community.
We spent a week trying to get the dev to tell us what features he was working on and what was coming next. I made the poll to try to get him to agree.
He ignored the poll and every message we sent about it with him included on it, and still didn't tell us what he was working on.
Behind the scenes I actually resigned at that point but 2 weeks later I rejoined when the dev said he was 'thinking' about changing voting.
He never did, and instead told us 'all features are now finished' and went awol. Then people started saying about the dev fund so we checked this out and found out its true and was being hidden from us.
That is when we decided to 'takover', except its not really a takover because we were already here and the dev wasn't because he just went awol.
We are removing the voting because people said unanimously that letting users decide the block reward was a bad thing....which is ironic because the last few pages on this thread are now saying the community should decide the block reward
Ppl comment but most haven't really paid attention to what had been happening and who did what..
While i can agree the voting isn't the best of ideas ( even tho .. ) we saw each time the block reward was super low that ppl lost interest and stopped mining.
Actually interest dropped once the reward ended up around 15 compared to the higher reward before. Wonder why huh ?
And not everyone support the idea of cutting the supply. I have been mining , buying and holding some of this coin since it was at around 10k, and i intend to keep doing so especially since the first dev is being dropped.
I just don't see how ppl think cutting the supply will solve anything price wise. Having an halving in a couple months yes. Doing it now is pointless.
The coin need to be attractive to miners too to raise interest / raise volume ( at first anyway ). If your coin isn't mined it mean it isn't attractive enough to be mined.. If we drop the reward to 5 a block it is only going to push the miners away.
Establishing a new clean base , building features , THEN shutting the supply down the line in increment is a much better idea than the other way around.
And again lets not forget coins are to be destroyed ''for real'' now when features will be used , if the new development is good enough the coin will succeed that is all there is to it.
All this talk of the supply is just annoying and taking away some interesting talk that could happen like someone mentioning a dating site and all that earlier.
Every altcoin is useless until they have a real use .. just look at Cann lately, real world use in the work, it is building interest and price rising on its own slowly .. and the supply isn't being cut and it will and already have MUCH more coins than TAC will ever have even with the current supply schedule.
(loved crossbones)
I will choose 2 coins rewards.