Interesting coin. When approx it is going to be PoS only by the way?
CGB will remain a PoW/PoS hybrid. The PoW subsidy will halve until the baseline of .01 CGB per block is reached where it will remain. This will keep holders earning interest while at the same time further securing the block chain via PoW mining and PoS stake mining. An attack on a PoW/PoS hybrid would have to consist of not only control of greater than 50% of hashing power (as with most other coins) but also would require ownership of greater than 50% of the staked coins. The PoS addition essentially means that any potential attacker would have to be a majority owner of CGB as well as the majority miner and thereby the attack would predominantly be against themselves.
I feel that the PoS needs to be higher. The supposed mirroring of monetary inflation is irrelevant at this stage.
10% pa, with 7 days qualification cycle would give sufficient incentive. Any opinions ?
I am pretty sure you will hear a resounding NO from all members of the community.
A temporary price boost from new comers who want to stake the coin is not worth, like i said before, runaway inflation and destroying the marketing hook it has had from the beginning. All it does is give a temporary price boost, long term it sends it to zero.
What do you think the price of PHS, HBN, TEK, BCX will be by next year? Do you think 10%+ inflation is good for something which aims to be a currency?
If the goal here is just to temporarily pump up the price so that we can dump off our stakes and watch the coin supply skyrocket and the price plummet, hey no problem. Just clue me in that this is the plan and I'll dump as soon as we break 0.001 again. But I thought at this point CGB had established itself as more than just a pump and dump scam.
I don't even understand why the PoS reward is being brought up. The price isn't where it is today because the PoS reward is too low. The price is where it is today because of the developments of the last couple days, large holders dumping, and disinterest from the latest wave of newbies who hit the scene in nov/dec because they were too late to mine any significant amount (but they seem to love QRK, doesn't make sense to me).
'Skyrocket' in supply is not really the word I would use for 10% pa inflation.
IMO it is a healthy level.
When a coin reaches maturity, then 2% maybe an appropriate inflation level. There are years to go yet...Even BTC is not mature, and CGB still has to survive its infancy.
Time and price will tell all.
