Sadly, the currencies which stuck to their original plans, apart from a tiny handful, just withered away.
The flip side is any divergence from the original plan that alters the total coin supply or the rate in which coins are distributed, defeats the whole trust less system, this is lost on so many panic change quickly or die mentality of the old school coins of late.
I think we are all (altcoins) really grinding through a tough patch as Bitcoin recovers from the recent hostile positions taken against it by government and big business alike. I bet there is a lot of soul searching going on out there. I know what you mean by the panic driven change, and have taken many opportunities in the past to present a calm and rational view. For us, it is a bit of a unique situation. Very few coins have had to deal with the turbulence of moving beyond the mining phase, which seems to attract all of the attention. We now have to forge ahead and create value in ways other than mining focused speculation. Details to follow shortly..
Coin original supply is one thing of course, but the opportunity for new entrants to acquire holdings introduces new blood and ideas. Revival is difficult without that. A higher % stake is a good way to reward existing holders. There also needs to be a cheap plentiful supply on the market for a while.
Time , and price, will tell which are the dominant features in a CryptoCurrency. There are an immense number of competing coins, and most communities have their own good ideas, but they cannot all win (in fact I would say very few can be winners).
Most coins are for 'Investors' because there are very few real payment applications.
You hit the nail right on the head of why new coins seem to attract all of the attention: because this is perceived as the only real way to invest and make money (get in early and get out). However, some day, every coin's mining phase comes to an end. This coin happens to be one of the first coins to have such a relatively short monetary base expansion stage (1 year). This is something we simply have to roll with for a few good reasons. We can say that there are basically 1 million CGB out there and that's pretty much how its going to be (save for 2% inflation). This helps us to easily contrast the known, limited supply, with the current price of 25 cents (USD) each. If we are looking for cheap plentiful supply, we need look no further than the market.
The next reason, I have not gone into a lot of detail about. I want to start by saying how much I appreciate your participation and the opportunity for me to even explore and convey this. It can be said that the development team is really a piece of centralization on top of the currency protocol itself. This is something that the actual users of the currency, including miners, can defend against, if necessary, by rejecting a client update and forking the network to have the majority unchanged and the "new" chain a failure. The danger for most cryptocurencies is one that we can see already as a problem in most communities. The users trust the dev team to make these knee jerk, radical actions to problems, and they are all too caught up in the moment and or unable to actually comprehend the effect of the changed being made, and so allow the change to take hold on the network (by upgrading) even though it can be fundamentally flawed in the long run.
While the above paints a picture, consider it a backdrop for this next possibility. Let's say that, in the future, when adoption is much more mainstream, central banks wish to talk about how intangible, meaningless, and unsound cryptocurrencies are. One of the worst attacks that could be made against CGB would be that it does not really have a limited supply, that the developers can decide to jack the inflation and pump out more coins at any time. If we did it once, we can do it again. This is the really uneasy feeling that I get whenever it is suggested. Moreover, if we engage in "quantitative easing," we will likely just be "kicking the can down the road." While this can of course attract the false economy of the pump and dump scene (which includes of course honest investors), once it is over, we will be right back at this conversation.
BTW, I think you are referencing the slogan (the Investor's Crypto) about all cryptos being for investors. I tend to agree, it might even be putting people off who get that sentiment. We are actually making some progress on this front and will likely need something fresh.
Again thanks for the input, looking forward to more discussion.
papersheepdog, Canada
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