Topic: 🔄🔄🔄🔄 ――――― ▲ MOIN ――――― It's not dead. It's resting ―――― 🔄🔄🔄🔄 - page 65. (Read 123444 times)

Stay v2!

And MOIN needs your votes!

https://www.cryptopia.co.nz/Home/Voting

Thanks to everyone who's given their opinions so far on the proof of stake reward scheme. I think the first thing to decide is whether or not to move to proof of stake v3, so I've created a poll for people to vote on it. Afterwards we can vote on what would make for the best inflation rate or whether or not the current scheme should be adjusted if it's decided we should stay on v2.

Follow us on Twitter ... May be publish soon

what is promo code? 

My preference would also be PoS v3 with static rewards.  I am not too particular about what the percentage is.  lower seems better from an inflation perspective.

I vote for PoS v3 with static rewards (2%)

My suggestion
1 - 20%
2 - 10%
3 - 5%
4 - 5%
5 - 5%
6 - 3%
7 - 2%
8 - 2%
9 - 2%
10...
PoS v3 - good offer ))

Agree with PoS v3 with static rewards. But any reward smaller then 10% annual isn't reasonable for me if I will keep my wallet online and not attractive for the POS lovers.

My suggestion is to have a 4% interest rate for running full nodes in posv3.
That would make the coin more attractive then most pos-coins to stake but also not looking over-inflated.
That means the will reach the amount sooon. I m fully ok with that, even better. It will push the coin to reach its optimal value, sooner.
Those are my views on the matter.
kopykat

Play with your moin

http://altcoinix.com/games/moin

Proof of Stake Reward Discussion

Recently a number of people have expressed concerns about the current proof of stake interest rate which they feel is too high. As we have changes that will require a hard fork anyway this seems like an opportune moment to discuss whether or not it should be changed.

We'll assume that if we burn all MOIN unclaimed from the swap on 9th May there will be around 6.2m remaining:

Current MOIN supply:
9,320,303 MOIN

Already burned:
381651.062629597 MOIN

Estimated unclaimed MOIN to be burned:
3,000,000 MOIN

Estimated usable supply at swap's completion:
~ 6,200,000 MOIN             (say roughly 200,000 MOIN from stake interest between now and then)

The figures are necessarily inexact but should be accurate enough for the purposes of this discussion.


Expansion of MOIN supply with current PoS interest rates:




This would see us reaching the 21m maximum supply between the 35th and 36th year.

Proof Of Stake v3

The crux of people's concerns seems to be that the current scheme is skewed too heavily towards rewarding early adopters. Monetary inflation's a complicated matter and it's not made any easier by the fact that many of the arguments re ideal inflation rates for fiat currencies aren't applicable to cryptocurrencies. An inflation rate of 2% has been suggested. I'd also like to suggest that we move from PoS v2 to PoS v3. The main difference is that coin age would be removed from the equation, meaning people could no longer stake every few months and receive rewards roughly commensurate with what they would have gotten for staking continuously. With PoS v3 (assuming an inflation rate or 2%) each block would have a static stake reward in the beginning of roughly 0.25 MOIN + fees. It incentivizes continuous staking which for obvious reasons benefits the network.


Expansion of MOIN supply with PoS v3 and 2% inflation of current supply:



With this scheme we'd reach the maximum supply of 21m between the 61st and 62nd year.


My own feelings on the matter are that the reward scheme of PoS v3, by rightly rewarding those continuously running full nodes, is such an improvement over the previous scheme that it alone warrants the change. The point of the generous early interest rate was to encourage a healthy network even in the project's infancy, but I think PoS v3 does this much more effectively. I don't have any strong feelings with regard to the static interest rate - 2% seems fine but I'd be interested to hear what everyone else thinks.


So what do you think?

Should the current scheme change? Should we move to PoS v3 with static rewards and if so is 2% a reasonable rate for inflation of the supply? I'd be grateful to know what you all think and if you could answer at your earliest convenience. Once we've reached an agreement we can put the finishing touches to the updated road-map and press ahead, which I'm eager to do.

+1 Great job everyone we're currently top of the community voting! TigerCoin's on our tail so don't let up, a second exchange would give a nice boost to MOIN's liquidity.

https://www.cryptopia.co.nz/Home/Voting

We will burn the remaining coins eventually either way, but I think we should leave it for now in the hope that Yobit installs the modified client. The original plan with the 10% burn/10% swap rate reduction wouldn't have seen the final unclaimed MOIN burned until the 9th of May anyway. We appreciate everyone's patience and it won't have any effect on the pace of development.

Thank you, added to the OP.

Beautiful job, thanks Axl - also added to the OP.

Sweet!

yeah I am ready for the swap to end too but we need to hear from yobit or people that have a problem with the swap ending need to speak out.  There is no guarantee yobit will help with this current problem and we need to at least consider an alternative to move forward I think this is a fact. 

I think right now that having the deadline still be when the 10 week cool-down period would have ended seems reasonable.  If the issue isn't resolved by then it probably wont be.

Many good news happen for MOIN in a last days, but price isn't raise. I think we should burn all coins rest from swap, just as originally planned. Because investors waiting for swap ending. What do you think, guys?

Moin Coin Game Coin Wheel

http://altcoinix.com/games/moin

Spin It