Topic: [MOON] Mooncoin 🌙 move to a new thread - page 301. (Read 317812 times)

I am just curious: Tell me one example of an illegal text on the blockchain...

Greetz
Steve

You are expecting too much from reduced rewards. They will not be the remedy. Let's face it: as soon as the price enters "interesting" regions again, the whales will dump the price down. No matter how low the reward. So the amount of the reward is only a secondary area of conflict and plays no bigger role.

You are right, that Mooncoin is still under the radar, but as you see, developing gimmicks like MoonLite or MoonWord are no solution for that problem either (btw.: have you considered it might be problematic, if someone writes something illegal into the chain, that is not erasable afterwards? That could even lead to becoming illegal to host the blockchain completely).

Remember that the idea of Mooncoin once was to make it desirable as a collectible and interesting as a stable store of value.

It's more than clear that MOON needs more investors, etc.
how to make it real - that's the problem.
We can easily say: we need more investors! But will it make investors join MOON?

Block rewards is kind of a chicken-and-egg problem... maybe yes, generally,
but not in case of Mooncoin at the moment:
we all understand that Mooncoin is traded at sub-satoshi markets,
and big investors never buy at sub-satoshi markets, Mooncoin is below their radars currently (and for the last several years).


Buying MOON for DOGE and LTC at small exchanges also scares common people, who are new to crypto.
Many people have heard of MOON, some read us, but new people don't feel comfortable with buying it, it's not very simple: first buy LTC or DOGE, and only then - MOON.
Block reward reduce is needed to let MOON enter BTC markets and big exchanges (e.g. Bittrex promised to list MOON after entering BTC markets). People saw when Mooncoin network was stuck for a while recently and there were no new coins from miners, Mooncoin price was rising, when the chain started to move again and became stable, the price was instantly dumped and now remains low, also more than enough experience from previous years, not this case only.

The only good reason for this was, that there was no dev available capable of doing that, at that time; maybe you could? But that was no reason to handle it that way. Anyway, those times seem to be over now. As said, MOON had the problems with the temporarily halted blockchain for quite a long time. So that is no new phenomenon. In fact, it was the beginning of the long way down first time, when the blockchain halted for several weeks, after the first rush was over and KGW was not yet implemented. So anything that will stabilize/even out the block-finding time under any circumstances is welcome.

It was mentioned, that the reward scheme should be changed again. I don't think it will be a big factor for this. Moreover: Reducing the reward drastically, will prevent the ones to keep the chain going from mining MOON. It is kind of a chicken-and-egg problem. What MOON is in need of: investors, that will put money into this currency. Especially then it is negligible to a great deal, whether MOON pays out 29531, ~17000, 5000 or even less as a block reward, since there are so many units already in circulation. When the price rises, these additional units will not make a difference, as soon as an old MOON-whale rises their head and puts a stash into the market to get out. The only thing that will help, is continually buying coins at these low prices and/or wait. To display patience is a big part of MOON.


i had advised you that the reason for p2pool not working; is its requirement for getwork (p2pool requires getwork for low latency and this is why it works so well), as getblocktemplate isnt instant - in fact getblocktemplate (and its blocking of submitblock thread) has been responsible for many a lost bitcoin block over time. there are some classic back/forth jabs on github (or even here i think) between kano and luke-jr on this topic.

getwork isn't impossible (nor that difficult) to reimplement back into the codebase, however i'm not sure if an argon2-based coin has ever been trialled on p2pool - might be an idea to ask around first.