- inflation rate issues (flat inflation rate matching the average economy inflation rate of the last 20 years, aka 2.5% with decay)
Please can you clarify the changes to PoS % in the new wallet. Do you think it is wise to change any % at this stage (min/max times I understand) ?
In my opinion Griffith is totaly right changing the PoS %. What we are trying to do is getting ECC back on the right track and let the price of ECC go up again instead of going down.
By changing the PoS % we will have less coins coming into the system. A high PoS % is nothing more than inflation. So with 25% PoS the value of our coin will only go down quicker. In the current situation, now that ECC has less attention and less supporters, we need to protect the investment of those supporters and in the same time create a base so that we can start rebuilding and develop the coin.
I can understand your point of view with regard to inflation, but what should be the spring that should push
an investor to buy now the ECC and to raise the price?
In general, the % yield of an investment should be proportionate to the risk, and excluding the
commendable personal commitment of those present, here at the moment I do not see any security,
indeed.
With a 2.5% interest rate, it would be even more convenient 'invest under the mattress', if you'll
pardon the exaggeration.
At least the mattress does not need to keep your computer turned on and the wallet ready for staking,
which is still a real cost to consider.
I realize that there are two complementary types of vicious circles:
1) too much, which leads to inflation and investors flee
2) too little, in which investors do not even care about.
So instead of a drastic cut right now, do not you think it would be better to find a way softer, I mean
gradually reduce the rate as the state of health of the currency improves?
This is just my opinion at the moment, not a final judgment negative.
PS:
There are also coins with rates much higher and they are still there after many months.