[NLG] The even greater Gulden thread! - page 55.

Tsegicalicol

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Activity: 65

Merit: 1

Quote from: Sinotek on March 20, 2021, 03:02:04 PM

Quote from: Protwoco on March 20, 2021, 01:51:51 PM

Quote from: Toldyouso on March 20, 2021, 09:28:59 AM

I was one of the few voices at the start who was against the reward change from 1000 to 100 and when they went ahead with the change Rijk never adjusted the max supply to compensate. Next year if the rewards remained the same with the 4 year halving schedule, 75% of the total supply would of been mined out.

Next year Gulden will only have 35% of the total supply mined out and a long way to go before 75% is achieved. This scares off investors.

To correct the situation the total supply needs to be adjusted to where current supply is 75% and a reward halving introduced on the 3rd April 2022 when the next reward halving was expected to take place.

Someone else in the team or community can work it out but the max supply will need to be adjusted close to 760 million to bring the initial reward structure back into balance with a reward halving starting on 3rd April 2022 and every 4 years after.

I do like your suggestion. It also gives the devs 5 years of good funding while also catering to the users and putting the blockchain in sync with where it should be with the circulation % vs Max coins.

Is this proposal worth mentioning in the #GAB channel on slack?

Seems like a reasonable thing to suggest in Slack, they’ll discuss the max supply cut for sure, I heard it’s in the list. Reward halving I’m not entirely sure.

Gulden advisory board and Rijk I can't see having an issue with the reward halving.

Look what is coming for Novo.
99% reduction in max supply
Reward halving from 0.1 to 0.05
Witness to have 75% and miners 25% of the reward.

Looks like they flexible to change.

BigDikBTC

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Activity: 110

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Quote from: Toldyouso on March 20, 2021, 11:56:33 PM

Quote from: Sinotek on March 20, 2021, 03:02:04 PM

Quote from: Protwoco on March 20, 2021, 01:51:51 PM

Quote from: Toldyouso on March 20, 2021, 09:28:59 AM

I was one of the few voices at the start who was against the reward change from 1000 to 100 and when they went ahead with the change Rijk never adjusted the max supply to compensate. Next year if the rewards remained the same with the 4 year halving schedule, 75% of the total supply would of been mined out.

Next year Gulden will only have 35% of the total supply mined out and a long way to go before 75% is achieved. This scares off investors.

To correct the situation the total supply needs to be adjusted to where current supply is 75% and a reward halving introduced on the 3rd April 2022 when the next reward halving was expected to take place.

Someone else in the team or community can work it out but the max supply will need to be adjusted close to 760 million to bring the initial reward structure back into balance with a reward halving starting on 3rd April 2022 and every 4 years after.

I do like your suggestion. It also gives the devs 5 years of good funding while also catering to the users and putting the blockchain in sync with where it should be with the circulation % vs Max coins.

Is this proposal worth mentioning in the #GAB channel on slack?

Seems like a reasonable thing to suggest in Slack, they’ll discuss the max supply cut for sure, I heard it’s in the list. Reward halving I’m not entirely sure.

Don't worry about it, if it's only a max supply change then my suggestion won't be necessary. Without a reward halving schedule I would go as far as saying there is not much point in changing anything as it will erode confidence in the supply changing whenever it suits the community.
My suggestion is the right thing to do as it can be argued this is where the coins supply should be in relation to it's total supply when the coin was started.

Changes:
760 million total supply
3rd April 2022 or close to it the reward halves to 80 for 4 years. This change brings it close to where the coin would of been if no changes were ever made from the start of the coins inception.
840 960 blocks later (year 2026) the reward halves to 40.
840 960 blocks later (year 2030) the reward halves to 20. Gulden will be close to 90% mined out when this drop occurs and most of you will be alive to see it

The 4 year cycle also gives the market time to adjust to the changes and no sudden drop off from 160 reward to 0 when the new max is achieved.

While I agree this option is factually correct it does not mean it's the RIGHT option to go for. A lot of people have been patient for a long time and they also want to see Gulden progress in this bull market and not be left behind like it is, Gulden is not in the top 1000 on CMC. That is a disaster imho.
More drastic measure are needed, similar to the changes they all too happy to throw Novo's way while Gulden keeps getting fleeced for all it's worth

Toldyouso

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Activity: 22

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Quote from: Sinotek on March 20, 2021, 03:02:04 PM

Quote from: Protwoco on March 20, 2021, 01:51:51 PM

Quote from: Toldyouso on March 20, 2021, 09:28:59 AM

I was one of the few voices at the start who was against the reward change from 1000 to 100 and when they went ahead with the change Rijk never adjusted the max supply to compensate. Next year if the rewards remained the same with the 4 year halving schedule, 75% of the total supply would of been mined out.

Next year Gulden will only have 35% of the total supply mined out and a long way to go before 75% is achieved. This scares off investors.

To correct the situation the total supply needs to be adjusted to where current supply is 75% and a reward halving introduced on the 3rd April 2022 when the next reward halving was expected to take place.

Someone else in the team or community can work it out but the max supply will need to be adjusted close to 760 million to bring the initial reward structure back into balance with a reward halving starting on 3rd April 2022 and every 4 years after.

I do like your suggestion. It also gives the devs 5 years of good funding while also catering to the users and putting the blockchain in sync with where it should be with the circulation % vs Max coins.

Is this proposal worth mentioning in the #GAB channel on slack?

Seems like a reasonable thing to suggest in Slack, they’ll discuss the max supply cut for sure, I heard it’s in the list. Reward halving I’m not entirely sure.

Don't worry about it, if it's only a max supply change then my suggestion won't be necessary. Without a reward halving schedule I would go as far as saying there is not much point in changing anything as it will erode confidence in the supply changing whenever it suits the community.
My suggestion is the right thing to do as it can be argued this is where the coins supply should be in relation to it's total supply when the coin was started.

Changes:
760 million total supply
3rd April 2022 or close to it the reward halves to 80 for 4 years. This change brings it close to where the coin would of been if no changes were ever made from the start of the coins inception.
840 960 blocks later (year 2026) the reward halves to 40.
840 960 blocks later (year 2030) the reward halves to 20. Gulden will be close to 90% mined out when this drop occurs and most of you will be alive to see it

The 4 year cycle also gives the market time to adjust to the changes and no sudden drop off from 160 reward to 0 when the new max is achieved.

Sinotek

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Activity: 61

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Quote from: Protwoco on March 20, 2021, 01:51:51 PM

Quote from: Toldyouso on March 20, 2021, 09:28:59 AM

I was one of the few voices at the start who was against the reward change from 1000 to 100 and when they went ahead with the change Rijk never adjusted the max supply to compensate. Next year if the rewards remained the same with the 4 year halving schedule, 75% of the total supply would of been mined out.

Next year Gulden will only have 35% of the total supply mined out and a long way to go before 75% is achieved. This scares off investors.

To correct the situation the total supply needs to be adjusted to where current supply is 75% and a reward halving introduced on the 3rd April 2022 when the next reward halving was expected to take place.

Someone else in the team or community can work it out but the max supply will need to be adjusted close to 760 million to bring the initial reward structure back into balance with a reward halving starting on 3rd April 2022 and every 4 years after.

I do like your suggestion. It also gives the devs 5 years of good funding while also catering to the users and putting the blockchain in sync with where it should be with the circulation % vs Max coins.

Is this proposal worth mentioning in the #GAB channel on slack?

Seems like a reasonable thing to suggest in Slack, they’ll discuss the max supply cut for sure, I heard it’s in the list. Reward halving I’m not entirely sure.

Protwoco

newbie

Activity: 23

Merit: 0

Quote from: Toldyouso on March 20, 2021, 09:28:59 AM

I was one of the few voices at the start who was against the reward change from 1000 to 100 and when they went ahead with the change Rijk never adjusted the max supply to compensate. Next year if the rewards remained the same with the 4 year halving schedule, 75% of the total supply would of been mined out.

Next year Gulden will only have 35% of the total supply mined out and a long way to go before 75% is achieved. This scares off investors.

To correct the situation the total supply needs to be adjusted to where current supply is 75% and a reward halving introduced on the 3rd April 2022 when the next reward halving was expected to take place.

Someone else in the team or community can work it out but the max supply will need to be adjusted close to 760 million to bring the initial reward structure back into balance with a reward halving starting on 3rd April 2022 and every 4 years after.

I do like your suggestion. It also gives the devs 5 years of good funding while also catering to the users and putting the blockchain in sync with where it should be with the circulation % vs Max coins.

Is this proposal worth mentioning in the #GAB channel on slack?

SuperOrca

member

Activity: 188

Merit: 10

I emptied my bags about 2 weeks ago for a loss. Its only coin in my crypto portfolio I lost money on. Its a relief to be out and seeing you bagholders complaining. I understand your frustrations.

Tsegicalicol

jr. member

Activity: 65

Merit: 1

Quote from: Tsegicalicol on March 20, 2021, 10:50:26 AM

I own some Novo and it's definitely performing well this last few days, up another 50% today.
The same could happen for Gulden depending on the outcome of the GaB meeting next week.
Whats working in favour of a max supply and reward change is Gulden has dropped out the top 1000 on coinmarketcap , making it one of the worst performing coins this year, and the results of less supply speaks for itself with the Novo changes.

Gulden has a strong community, they work hard to bring the Gulden name to the public but the price performance is making it hard to bring in new users.

Stay strong my friends, all will be good in the end.

I want to add that Novo is most likely a testing ground for changes to come for Gulden. Another beautiful change coming for Novo is witness reward is going to be 75% and miners 25% of the 0.1 reward.

A change like this for gulden with reduced max supply and rewards can only be positive. I don't know if Rijk hired a specialist in finance but all these changes are super smart. I am excited to hear what is going to come out of the GaB meeting.

Tsegicalicol

jr. member

Activity: 65

Merit: 1

I own some Novo and it's definitely performing well this last few days, up another 50% today.
The same could happen for Gulden depending on the outcome of the GaB meeting next week.
Whats working in favour of a max supply and reward change is Gulden has dropped out the top 1000 on coinmarketcap , making it one of the worst performing coins this year, and the results of less supply speaks for itself with the Novo changes.

Gulden has a strong community, they work hard to bring the Gulden name to the public but the price performance is making it hard to bring in new users.

Stay strong my friends, all will be good in the end.

Toldyouso

newbie

Activity: 22

Merit: 0

I was one of the few voices at the start who was against the reward change from 1000 to 100 and when they went ahead with the change Rijk never adjusted the max supply to compensate. Next year if the rewards remained the same with the 4 year halving schedule, 75% of the total supply would of been mined out.

Next year Gulden will only have 35% of the total supply mined out and a long way to go before 75% is achieved. This scares off investors.

To correct the situation the total supply needs to be adjusted to where current supply is 75% and a reward halving introduced on the 3rd April 2022 when the next reward halving was expected to take place.

Someone else in the team or community can work it out but the max supply will need to be adjusted close to 760 million to bring the initial reward structure back into balance with a reward halving starting on 3rd April 2022 and every 4 years after.

BramVee

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Activity: 58

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Quote from: Protwoco on March 20, 2021, 04:45:18 AM

Quote from: Danuberiver on March 20, 2021, 01:24:58 AM

Quote from: BartoszinNL on March 18, 2021, 07:12:00 AM

Novo has it's total supply reduced from 10 billion to 210 000, this is why the price has jumped 200% in 24hrs. This is a test for Gulden to reduce max supply from 1.6 billion to 600 million and drop rewards by 90%? This is will be a welcome move for Gulden! It will be unfair if 1 project of Rijk does this but not the other.

Rijk has learnt but had my doubts, this is what needed to be done with Gulden and complained many times that the supply and reward is too high, I didn't invest in Novo because of the 10 billion supply but if the price drops to $3, I will buy 500 - 1000 coins and hold.
With EFL the total supply and reward was done proper by the original creator, but he was not a good developer and Gulden does have a good developer but the total supply and high rewards stop it from growing.

You will never see $3 again, the 210 000 total supply is after 100 years, the current supply is over 60k. You won't get 1% of the supply sold at $3 which is slightly over 600.

This coin was created to give long term Gulden investors a chance to make some money. What a gift. Price is $16 and will climb to $30 next week.

I am sad I sold the Novo I mined to buy Gulden, why is the development fund destroyed and with Novo funds destroyed how they going to lower the Gulden reward, will Gulden have to pay for both funding?

This is confusing for me but don't get any hope up of reward cut. Many in the GAB are part of Novo and they won't lower reward for Gulden if no money for Novo development.

Protwoco

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Activity: 23

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Quote from: Danuberiver on March 20, 2021, 01:24:58 AM

Quote from: BartoszinNL on March 18, 2021, 07:12:00 AM

Novo has it's total supply reduced from 10 billion to 210 000, this is why the price has jumped 200% in 24hrs. This is a test for Gulden to reduce max supply from 1.6 billion to 600 million and drop rewards by 90%? This is will be a welcome move for Gulden! It will be unfair if 1 project of Rijk does this but not the other.

Rijk has learnt but had my doubts, this is what needed to be done with Gulden and complained many times that the supply and reward is too high, I didn't invest in Novo because of the 10 billion supply but if the price drops to $3, I will buy 500 - 1000 coins and hold.
With EFL the total supply and reward was done proper by the original creator, but he was not a good developer and Gulden does have a good developer but the total supply and high rewards stop it from growing.

You will never see $3 again, the 210 000 total supply is after 100 years, the current supply is over 60k. You won't get 1% of the supply sold at $3 which is slightly over 600.

This coin was created to give long term Gulden investors a chance to make some money. What a gift. Price is $16 and will climb to $30 next week.

Danuberiver

newbie

Activity: 102

Merit: 0

Quote from: BartoszinNL on March 18, 2021, 07:12:00 AM

Novo has it's total supply reduced from 10 billion to 210 000, this is why the price has jumped 200% in 24hrs. This is a test for Gulden to reduce max supply from 1.6 billion to 600 million and drop rewards by 90%? This is will be a welcome move for Gulden! It will be unfair if 1 project of Rijk does this but not the other.

Rijk has learnt but had my doubts, this is what needed to be done with Gulden and complained many times that the supply and reward is too high, I didn't invest in Novo because of the 10 billion supply but if the price drops to $3, I will buy 500 - 1000 coins and hold.
With EFL the total supply and reward was done proper by the original creator, but he was not a good developer and Gulden does have a good developer but the total supply and high rewards stop it from growing.

KrustyTheClown

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Activity: 120

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I find this all entertaining.

Enriquerow

newbie

Activity: 32

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I made this post when Novo first came out and Novo is the best investment with a small supply of 210 000 and a good developer. Look at the price today, $12 on a small exchange.

Its good the max supply is looked at for gulden, gulden has no outside help with rich investors. Its a lot of community mainly from Netherlands with modest financials that have to support the price. With the loss of litebit a max supply and reward drop will take the pressure off the community and more money can be used for marketing. Malcolm deserve to be a dev for top 50 coin, he is the best!
But investors don't care about good development only ROI, so why not both?

Quote from: Enriquerow on September 20, 2020, 12:04:50 PM

I found out that Rijk has also started a new coin called Novo, why doesn't he change Gulden to have the same low reward rate and keep 200 million for development?

The new coin is trading at 5 Euro and has a total of 10 billion coins, Gulden will only have a total of 1.68 billion coins and is 0.007 Euro. Lower the reward for Witness to 5, the reward for miners to 5 and have max coins at 800 million. Take 200 million for develop and let people buy directly from the fund to support development and remaining 70 million for witness and miners that will last a long time.

Look how well it's working for Novo with 10 billion supply and is a copy of Gulden. The price of this coin will go up 50 times in price very quickly.

BigDikBTC

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Quote from: Danuberiver on March 18, 2021, 09:24:12 AM

Quote from: Sinotek on March 18, 2021, 07:47:13 AM

Quote from: Protwoco on March 18, 2021, 07:28:04 AM

Quote from: BartoszinNL on March 18, 2021, 07:12:00 AM

Novo has it's total supply reduced from 10 billion to 210 000, this is why the price has jumped 200% in 24hrs. This is a test for Gulden to reduce max supply from 1.6 billion to 600 million and drop rewards by 90%? This is will be a welcome move for Gulden! It will be unfair if 1 project of Rijk does this but not the other.

GAB is discussing the max supply next week for Gulden on 24th March, looking at the Novo price it does not take a brain surgeon to see what is in the cards for Gulden, invest now before it's too late, gulden already has enough supply to go around.
A good balance is to halve the max supply to 840 million and drop the reward to 55. Miner 20, Witness 15, dev reward 20

It could be a possibility now that it's been debated by the community time and again. A combination of a 50% cut on the maximum available supply bringing it down to just 840mil instead of having that large permanent cloud over our heads that keeps hindering price growth and investor interest.

On top of that, a halving-like event could also take place every few years, in combination with a re-adjustment of mining/witnessing/dev rewards as the price grows.

eindelijk!!!

Hmmmmm this could get interesting.

Danuberiver

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Activity: 102

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Quote from: Sinotek on March 18, 2021, 07:47:13 AM

Quote from: Protwoco on March 18, 2021, 07:28:04 AM

Quote from: BartoszinNL on March 18, 2021, 07:12:00 AM

Novo has it's total supply reduced from 10 billion to 210 000, this is why the price has jumped 200% in 24hrs. This is a test for Gulden to reduce max supply from 1.6 billion to 600 million and drop rewards by 90%? This is will be a welcome move for Gulden! It will be unfair if 1 project of Rijk does this but not the other.

GAB is discussing the max supply next week for Gulden on 24th March, looking at the Novo price it does not take a brain surgeon to see what is in the cards for Gulden, invest now before it's too late, gulden already has enough supply to go around.
A good balance is to halve the max supply to 840 million and drop the reward to 55. Miner 20, Witness 15, dev reward 20

It could be a possibility now that it's been debated by the community time and again. A combination of a 50% cut on the maximum available supply bringing it down to just 840mil instead of having that large permanent cloud over our heads that keeps hindering price growth and investor interest.

On top of that, a halving-like event could also take place every few years, in combination with a re-adjustment of mining/witnessing/dev rewards as the price grows.

eindelijk!!!

Sinotek

newbie

Activity: 61

Merit: 0

Quote from: Protwoco on March 18, 2021, 07:28:04 AM

Quote from: BartoszinNL on March 18, 2021, 07:12:00 AM

Novo has it's total supply reduced from 10 billion to 210 000, this is why the price has jumped 200% in 24hrs. This is a test for Gulden to reduce max supply from 1.6 billion to 600 million and drop rewards by 90%? This is will be a welcome move for Gulden! It will be unfair if 1 project of Rijk does this but not the other.

GAB is discussing the max supply next week for Gulden on 24th March, looking at the Novo price it does not take a brain surgeon to see what is in the cards for Gulden, invest now before it's too late, gulden already has enough supply to go around.
A good balance is to halve the max supply to 840 million and drop the reward to 55. Miner 20, Witness 15, dev reward 20

It could be a possibility now that it's been debated by the community time and again. A combination of a 50% cut on the maximum available supply bringing it down to just 840mil instead of having that large permanent cloud over our heads that keeps hindering price growth and investor interest.

On top of that, a halving-like event could also take place every few years, in combination with a re-adjustment of mining/witnessing/dev rewards as the price grows.

Protwoco

newbie

Activity: 23

Merit: 0

Quote from: BartoszinNL on March 18, 2021, 07:12:00 AM

Novo has it's total supply reduced from 10 billion to 210 000, this is why the price has jumped 200% in 24hrs. This is a test for Gulden to reduce max supply from 1.6 billion to 600 million and drop rewards by 90%? This is will be a welcome move for Gulden! It will be unfair if 1 project of Rijk does this but not the other.

GAB is discussing the max supply next week for Gulden on 24th March, looking at the Novo price it does not take a brain surgeon to see what is in the cards for Gulden, invest now before it's too late, gulden already has enough supply to go around.
A good balance is to halve the max supply to 840 million and drop the reward to 55. Miner 20, Witness 15, dev reward 20

BartoszinNL

newbie

Activity: 25

Merit: 0

Novo has it's total supply reduced from 10 billion to 210 000, this is why the price has jumped 200% in 24hrs. This is a test for Gulden to reduce max supply from 1.6 billion to 600 million and drop rewards by 90%? This is will be a welcome move for Gulden! It will be unfair if 1 project of Rijk does this but not the other.

BartoszinNL

newbie

Activity: 25

Merit: 0