If we look at the IPO coins, yes some of them had big buys in btc, like etherum, neos, veri and so on, but this is not fiat investors. Its just btc holders spreading out. Crypto can't grow without fiat and for LTCD to be apadted to standard fiat households we need a crypto that is balanced with fiat… thats simple economics of growth.
Thats also the reason why I keep saying that we need to keep LTCD downto earth and make it as mr and ms petersen friendly as possible… that is the biggest problem for the cryto world to solve. That said I think LTCD is the ONLY coin that can make that adjustment, so that's wy I believe so much into this coin.
Topic: [LTCD] LitecoinDark.com ★ Scrypt ★ Difficulty Shield ★ Multipool ★ Fast - page 197. (Read 368565 times)
September 23, 2014, 05:34:23 PM
September 23, 2014, 05:23:17 PM
If the origial plan was that pow should end within a year then stuck to the plan and adapt pos, but I do not think that Any big investors would ever put their money on a pow coin. Have we ever heard about a fiat that stops printing… correct me if I'm wrong!
September 23, 2014, 05:22:07 PM
looks like to me the top wallet could be the guy with the bot on bittrex just look at the 18 th of September when the bot showed up and his wallet has gone straight up lol . Then at the top it show a little decline. I think he that is the couple bit coin worth he sold the other day lol. He has gone form 4 million to 12 million in under 5 days lol 
September 23, 2014, 05:12:34 PM
In my eyes its the only correct thing to do.
Coin has been too easy to mine and thats the reason why we see a continuous dumping.
Let's take darkcoin as an example. 100 net ghash and the reward is silly 5 coins. My 200 mhash x11 rig gives me a little over 5 dark pr 24 hour and still people mines this coin.
So darkcoin can be mined for years. If we should succeed we need to adjust the floating of LTCD on the marked.
I do not know how the community will react but if we look at the other altcoins we wouldnlike to be in calss with, non of them will be 100% mined or it willbtake many many years.
Problem with it is the fact that some of the holders would have a hughe control of the coin itself. 8 mil coins is not a joke. I do not think that any darkcoin holders have 8 mil coins.
Coin has been too easy to mine and thats the reason why we see a continuous dumping.
Let's take darkcoin as an example. 100 net ghash and the reward is silly 5 coins. My 200 mhash x11 rig gives me a little over 5 dark pr 24 hour and still people mines this coin.
So darkcoin can be mined for years. If we should succeed we need to adjust the floating of LTCD on the marked.
I do not know how the community will react but if we look at the other altcoins we wouldnlike to be in calss with, non of them will be 100% mined or it willbtake many many years.
Problem with it is the fact that some of the holders would have a hughe control of the coin itself. 8 mil coins is not a joke. I do not think that any darkcoin holders have 8 mil coins.
I agreed, the coin is too easy to mine right now.
September 23, 2014, 05:12:17 PM
I think there should be an actual vote on the website...
Great idea. Send it to a vote!
September 23, 2014, 05:09:16 PM
In my eyes its the only correct thing to do.
Coin has been too easy to mine and thats the reason why we see a continuous dumping.
Let's take darkcoin as an example. 100 net ghash and the reward is silly 5 coins. My 200 mhash x11 rig gives me a little over 5 dark pr 24 hour and still people mines this coin.
So darkcoin can be mined for years. If we should succeed we need to adjust the floating of LTCD on the marked.
I do not know how the community will react but if we look at the other altcoins we wouldnlike to be in calss with, non of them will be 100% mined or it willbtake many many years.
Problem with it is the fact that some of the holders would have a hughe control of the coin itself. 8 mil coins is not a joke. I do not think that any darkcoin holders have 8 mil coins.
Coin has been too easy to mine and thats the reason why we see a continuous dumping.
Let's take darkcoin as an example. 100 net ghash and the reward is silly 5 coins. My 200 mhash x11 rig gives me a little over 5 dark pr 24 hour and still people mines this coin.
So darkcoin can be mined for years. If we should succeed we need to adjust the floating of LTCD on the marked.
I do not know how the community will react but if we look at the other altcoins we wouldnlike to be in calss with, non of them will be 100% mined or it willbtake many many years.
Problem with it is the fact that some of the holders would have a hughe control of the coin itself. 8 mil coins is not a joke. I do not think that any darkcoin holders have 8 mil coins.
September 23, 2014, 04:58:01 PM
Lower the block reward, extend the PoW for longer. Soon would be good.
September 23, 2014, 04:48:22 PM
Exactly. There are far too many variables to consider making this change based on a quick forum poll. Something like this would need a massive organized poll. Until then, I refuse to touch the reward structure.
The longer you wait, the harder it becomes. The sooner the better.
September 23, 2014, 04:42:33 PM
Exactly. There are far too many variables to consider making this change based on a quick forum poll. Something like this would need a massive organized poll. Until then, I refuse to touch the reward structure.
Well said
September 23, 2014, 04:41:08 PM
Exactly. There are far too many variables to consider making this change based on a quick forum poll. Something like this would need a massive organized poll. Until then, I refuse to touch the reward structure.
September 23, 2014, 04:40:16 PM
do you not think that that you could combine 3 things
pow pos and proof of hash rate?
the more hash rate the more pos! with a low block reward.
pow pos and proof of hash rate?
the more hash rate the more pos! with a low block reward.
September 23, 2014, 04:35:19 PM
Here's two things that the coin would absolutely need: we need pos to keep people interested in holding and keeping coins, especially when their value is harder to come by with the coming halvening. But with that a decreased block reward would short term drive the price up but long term might affect mining speed due to the fact that there is less incentive. Though this lack of incentive could be directly counteracted by a rising price. That is my opinion on what could happen.
September 23, 2014, 04:35:03 PM
I'm really leaning toward making this exact change if the community wants. Personally I feel that even post-halving the block reward is too high and feel that it should be reduced by a lot. This can be implemented even before proof of stake amounts are worked out, I'd just need confirmation from the rest of the team and of course from the community to make it happen. Such a major change is something that I would not do without a LOT of support in favor.
Do it now!
I have a feeling he meams ALOT more support... Playing with peoples reward structure will DEFINITELY piss some people off (not me, I dont care).
September 23, 2014, 04:32:03 PM
I'm really leaning toward making this exact change if the community wants. Personally I feel that even post-halving the block reward is too high and feel that it should be reduced by a lot. This can be implemented even before proof of stake amounts are worked out, I'd just need confirmation from the rest of the team and of course from the community to make it happen. Such a major change is something that I would not do without a LOT of support in favor.
Do it now!
September 23, 2014, 04:30:00 PM
I think there should be an actual vote on the website...
September 23, 2014, 04:28:22 PM
I'm really leaning toward making this exact change if the community wants. Personally I feel that even post-halving the block reward is too high and feel that it should be reduced by a lot. This can be implemented even before proof of stake amounts are worked out, I'd just need confirmation from the rest of the team and of course from the community to make it happen. Such a major change is something that I would not do without a LOT of support in favor.
You have my vote.
But one big question.
How will this reflect upon the coin?
September 23, 2014, 04:26:57 PM
I'm really leaning toward making this exact change if the community wants. Personally I feel that even post-halving the block reward is too high and feel that it should be reduced by a lot. This can be implemented even before proof of stake amounts are worked out, I'd just need confirmation from the rest of the team and of course from the community to make it happen. Such a major change is something that I would not do without a LOT of support in favor.
you got my vote !!
September 23, 2014, 04:26:47 PM
I'm really leaning toward making this exact change if the community wants. Personally I feel that even post-halving the block reward is too high and feel that it should be reduced by a lot. This can be implemented even before proof of stake amounts are worked out, I'd just need confirmation from the rest of the team and of course from the community to make it happen. Such a major change is something that I would not do without a LOT of support in favor.
Well you know I support extending PoW out for at least a year if not more. Would like to see halving done away with and just do the reduction "smoothly" every block. Although I suppose having official "halving" gets people all "excited" and talking about the coin like we've seen here and what's been happening in Doge.
September 23, 2014, 04:23:52 PM
I'm really leaning toward making this exact change if the community wants. Personally I feel that even post-halving the block reward is too high and feel that it should be reduced by a lot. This can be implemented even before proof of stake amounts are worked out, I'd just need confirmation from the rest of the team and of course from the community to make it happen. Such a major change is something that I would not do without a LOT of support in favor.
Democracy!
September 23, 2014, 04:19:26 PM
I'm really leaning toward making this exact change if the community wants. Personally I feel that even post-halving the block reward is too high and feel that it should be reduced by a lot. This can be implemented even before proof of stake amounts are worked out, I'd just need confirmation from the rest of the team and of course from the community to make it happen. Such a major change is something that I would not do without a LOT of support in favor.
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