I would like to know how you guys feel about the current PoS interest rate, among other things?
We will need to hard fork the chain in order to fix the bug to get minimum coin age back to 5 days. So why not get creative and suggest changes to the network that also require a hard fork
on the menu we could discuss
- min/max stake age
- yearly % rate
- max PoS block reward
- Network speed (45 second block too fast/slow?)
- is PoW reward halving satisfying
- Transaction fees: Too low/High? should they go to miners or be destroyed?
- Other? ...
Also, current Proof of Stake rewards should be diminishing with difficulty rising, but the way it's been setup is wrong and doesn't take into consideration the diff. I believe this is an important point. While High PoS is good and beneficial in the early stages of adoption, it certainly isn't in the long run when adoption is more spread and coin supply is larger.
I would like to get the pulse of the community. I would also like this to be some kind of a brainstorm.
I think GrowthCoin is pretty awesome the way it is, but improvements are always welcome and discussions alway encouraged
I have no view on the POS and such, but the halving has occurred when there were just a few people mining it, at diff under 0.2, most of the time. When I mined it solo it was 0.01 or so. Coins with long/high block time, are just a pain in the neck, leave it as it is.
Maybe you could lower the transaction fee a little, to say 0.1 and 0.2 max, depends on the value, but also on the block size. I mean who wants to use a coin if the block size is 12.5 and the fees is 0.1 or 0.5 just to use it, in the long run? Min stake age of 5 to 7 days is fine I guess.
After all, this is
Growthcoin, after all, it wouldn't be called that if it didn't have a large growth, now would it? Also have to keep up with PHS, HBN and CAP, otherwise it will be left to dry without anyone using, or buying it.