check out Blackcoin.(0 premine)
Different approach to mining POS random 1% stakes occurs.
Jesus 1%? Who would hold this shit?
Hmm I am holding and i will.I have considered risk connected with it.
1% this low inflation rate most money you will earn form fees in POS mining.
What is point with 10-20% inflation when your coin is use to speculative purposes and lose value 1%-30% daily/weekly.
In reality 1% or 10% inflation is worth shit here on floating markets it is only good for marketing but in reality this is bullshit and only brings your attention.
But coin with POS system 1% inflation is aimed in long BC have inflation rate like BTC in 20 years.
In wealth counties interest in bank is almost about 1%-2%annulal there is reason to use money and to keep them using around.
Best income from BC is mining are fees eg. i have 40k coins my annual income is 400 but yesterday i mined from fees 200...
Do you see difference in this model ?
With higher inflation rate you will mostly deal with kids who are for quick bucks they will dump coin fast as possible 1% is good it to attract only patient people.
I won't sell my fresh earned 200 coins i will rather donate some projects around coin, and backup Developer.
I will buy those cheap coins
currently they are at mining price 1000sat but mining phase is over now smart stake holders will accumulate coins make it gain higher to higher prices. With inflation 20% is much more difficult to control price of coin, many quick bucks guys around and weak hands investors.
1% annual income for me is ok but i think that coin can be 5x or even more expensive in some time. Vertcoin or Darkcoin(similiar amout of coins) can cost 0,03;0,001 btc so we are currently in price range 0,00001 we have 3000x;100x rise potential i see that potential if you are not this is not my problem.
Lowering NXT fees is good choose but it will make it less valuable for POS miners in other hand.
You will need to make it more popular to be sure that amount of transactions is 0.1NTX then you need 10x more transaction to keep same lvl of minig.
But this is possible. Most goods is in range 1$-50$ so you need adjust price to 0.1% of transaction to make it sense in long run it should be adjusted automatically with NXT price on market.