Originally I wanted to drop the block reward from 50 to 2 a few years back and instead we went to 10. Going to 1 permanently gives us a long tail and kicks out the miners that cannibalize the coin. I think it a move to protect those who have invested in the coin and it also helps helps create some value for our partners that frankly will be the ones that get us to $1 and much higher.
I understand your concerns. I know that probably there is no one so committed to the currency is a huge success, as the developers who put their time without gaining anything in return (well, the information until worth money ...
).I understand that the partners also have to protect the currency (and automatically their investment) through currency stability, preferably without PUMP AND DUMP.
I think the remedy suggested may be "too strong."
We run the risk of "the patient does not die from the disease, and die of healing ..."
Why not, now reduces to half, until the "PRYPTO" project, and once we get into the project, so then yes, reward CSC for 2 or 1 ....
The idea of all people, I think it's the same: to protect the currency and the network in which circulates. The only way to get there is what has been different. to many ways....
On the other hand, if the reduction of 10 to 1 is an imposition of the partners, so I think the community should be aware that ... after all affects everyone.
And as for me, blame the AUTO-SELL miners, let me some doubts. After all, from what I know, neither Cryptotopia neither Alcurex has the function "AUTO-SELL" as existed for example in Cryptsy.
I wouldn't worry about a pump and dump. The majority of the coins have been hoarded by long term investors and not by pure short term speculators. The biggest threat we've faced has been the generic scrypt miners that hop on the coin and autosell. After this change, we'll have washed our hands of them for probably 6 months.
A pump and dump is not a very likely scenario. Parasitic miners selling every uptick on low volume is a more likely scenario at least until we put them on their knees, shoot them in the back, and leave them in a ditch. It nothing personal, it's just time for them to go.
IT`S WAR...
BTW: what you mean with "we'll have washed our hands of them for probably 6 months."
PS: "Coin reward reduced to 1 CSC on height 1575000" it's a serious thing?? Can i tell these to my friends?
they won't be back until the price goes up enough to justify mining again. yeah its a real thing.
