Trolls, your not needed to keep the price down, your job here is done.
The unintended consequences of witnessing rewards and possible solutions.
I wanted to wait a week after witnessing had started to confront this issue that most PoS coins suffer from and what makes DASH successful with it's masternode rewards. Witnessing from a technical stand point is a marvel that I would agree with most trolls has gone without much recognition outside of the gulden community. PoW2 has made Gulden the most secure block chain in crypto against a 51% attack because you need to have 70% of the total witness coins and mining power to perform one.
Where is the problem?
There is less incentive for gulden users to buy coins as they start to earn witness rewards. I have seen the same problem with coins that switch to PoS or a hybrid version of PoS and the community assumes with less dumping from miners there will be more buying pressure. This cannot be further from the truth.
The bittrex buy orders have shrunk to 4 btc at the lowest satoshi price Gulden has had in recent memory. Under normal circumstance users would be buying these prices up.
Why Dash can maintain a high value
Dash's PoW reward has decreased to 1.6 coins per block every 2.5 minutes with a growing base of users. It's simple economics.
What will Gulden developers be forced to do before the end of the year as despair takes hold of all the users?
The gulden developers will need to ask themselves this question...
Is the amount of new daily users enough to maintain a respectable price in the future with a PoW reward of 80?
There is a few options on the table if the answer is no.
1. Introduce a PoW reward reduction at certain intervals in order for demand to match supply and eventually for demand to surpass supply. A rising price is free marketing.
2. A valuable, penetrative and ongoing marketing campaign.
3. Approach businesses to make use of the Gulden block chain.
4. All of the above.
The unintended consequences of witnessing rewards and possible solutions.
I wanted to wait a week after witnessing had started to confront this issue that most PoS coins suffer from and what makes DASH successful with it's masternode rewards. Witnessing from a technical stand point is a marvel that I would agree with most trolls has gone without much recognition outside of the gulden community. PoW2 has made Gulden the most secure block chain in crypto against a 51% attack because you need to have 70% of the total witness coins and mining power to perform one.
Where is the problem?
There is less incentive for gulden users to buy coins as they start to earn witness rewards. I have seen the same problem with coins that switch to PoS or a hybrid version of PoS and the community assumes with less dumping from miners there will be more buying pressure. This cannot be further from the truth.
The bittrex buy orders have shrunk to 4 btc at the lowest satoshi price Gulden has had in recent memory. Under normal circumstance users would be buying these prices up.
Why Dash can maintain a high value
Dash's PoW reward has decreased to 1.6 coins per block every 2.5 minutes with a growing base of users. It's simple economics.
What will Gulden developers be forced to do before the end of the year as despair takes hold of all the users?
The gulden developers will need to ask themselves this question...
Is the amount of new daily users enough to maintain a respectable price in the future with a PoW reward of 80?
There is a few options on the table if the answer is no.
1. Introduce a PoW reward reduction at certain intervals in order for demand to match supply and eventually for demand to surpass supply. A rising price is free marketing.
2. A valuable, penetrative and ongoing marketing campaign.
3. Approach businesses to make use of the Gulden block chain.
4. All of the above.
i agree with 2 and 3, i dont have the technical knowledge to have an opinion how 1. would work out.
