Topic: Is the Maxcoin fork a new trend? Cut reward in 1/2 and double price? (Read 1016 times)

Id like to just remind you that cryptocoins are not an exact art and have not had a long history. This is in my opinion all part of the pioneering process and will it be a bad thing if is does become a trend and how?

The beauty of this space is that it is able to adapt and morph to fit its demand, if it did not and was just as rigid as you seem to want it to be then it will snap and break and be useless.

 I am not really advocating on MaxCoins behalf here i'm just voicing a general opinion on this scene as a whole and trying to lay some realistic expectation on it

1. the inflation in this group is way too high, needs to drop, or our dreams all die.
2. those 1 billion, 100 billion coins are all piece of junk, either they die later with infinite supply. or they try to survive now with a bad instamine record.
3. reduce supply will reduce coin distribution, and reduce mining interest. so those devs need to do it carefully, or the coin gonna die again.
4. every coin owner is a shareholder of this company. If shareholders are happy, then those non-shareholders' opinion may not be relevant. because, hey, it is none of their business anyway. unless, existing shareholders piss everyone else so much there are no new blood willing to join the game.

I am not speaking on behalf of maxcoin, I sold it in each rebound. last at 0.00014. now, I have been trying to bid for three days, not a single bid got hit. but hey, if every dev can work on reduce the inflation in this community. that seems to be the right way to go. the ideal approach is, extending the mining period, but reduce the immediate coin supply. I don't think simply cutting half is a right approach.

here is the problem, the inflation rate in this community is too high. here is a game plan, if every other dev reduce the supply, and your dev did not do anything, your coin will still enjoy a price rebound. by the time your coins are all mined, your coin market cap will be larger than others.  

Did doge coin recently increase the number of coins to be minted rather than decrease it?

The Goldcoin devs actually increased the coin total from 100 million coins to over 120 million coins.

https://sites.google.com/site/goldcoincrypto/

https://bitcointalksearch.org/topic/goldcoin-glc-thread-the-gold-standard-of-digital-currency-official-thread-317568

The worst part is that people fall for it. They will see this as a good thing and not the scam it is.

Baritus had done the same with Digitalcoin. He has shown to have a bag of tricks to make money of his poor followers. The most recent stunt was him getting robbed, apparently.

I guess they learned from those SCUMBAG GOLDCOIN devs.

Its not a new trend, its been done before.

It's pretty pathetic. As if the scam wasn't big enough already. But yeah, it seems to be a new trend. Instamine --> reduce rewards. Maxcoin are doing it, darkcoin have started a new thread voting over a potential huge decrease, and it is discussed in many other threads.

This seems to me a little like cheating.

Release technical specs of 250 millions coins, then drop to 100 million coins midgame.

Will price-doubling forks become a new trend for other dying altcoins like Maxcoin?