Hi tranz,
From a marketing perspective I think hobonickels is not being promoted and adopted actively enough
More needs to be done. If mass adoption is to take place then,
The Nickels community needs more incentives to get it going.
I also think the 500 coin max limit wont help.
Not to be too worried about inflation. Other coins also face inflation with other costs such as mining/electricity
The Nickels dev team must first look at the cost/profit outcome for the entire nickel community. If the community does not see profit they will dump this coin
A market place within the wallet also should be considered.All the devs are vying for this
From an economic perspective the 2% is also not going to help keep the community involved. Stakers dont want to keep thier coins staking at the cost of pc usage, electricity, and time. It is not economically feasible. The rewards must must offset the expense. Just like the flaw that bitcoin is not dealing with,(Cost of minig verse profit)
If what I am saying is nonsense then I want the Nickels community to watch the coins current marketcap. If the coin goes back to its marketcap highs then I wont post again here but if I am right then I still wont need to post here because the coin will be gone way down the marketcap rank or maybe even dead.
The competition in the coin market is too fierce now, thats why Nickels has been steadily in decline. Simply put Nickels needs to change or die
Remember success is based on incentives, incentives, incentives. The community needs incentives to keep this coin
Thanks for your feedback.
The 500 limit is not an incentive, it is a protection mechanism, see a few posts back.
I think the inflation rate is important, and I plan to keep to the original idea of the coin. 5 PoW forever and 100% degrading yearly PoS, starting at 10 days. There is so little cost to stake, that at 100% yearly interest, it can be many magnitudes cheaper then electricity to run.
My opinion on the price has been noted many times, but let me re-iterate. If we go to zero, we go to zero. If we hit 100, then great. Either way my plans as developer do NOT change. I said I would put in 2 years when I started. I am currently 9 months into it. So we still have a long way to go.
What ways specifically would you change to make this coin more competitive?