Ok.. Ive looked into this more. Here is what is going on...
I raised the rewards on BOTH POS and POW, and now POS is paying out 5 VGS per coin most of the time, when it should be paying 1 VGS (.5 to masternode and .5 to user). Its causing the coin to inflate too fast. We are working on a fix now to lower this. Im not concerned in the least, as our coin supply is a mere 300,000. NOW is the time to setup a masternode while the rewards are high, and prices are at there lowest. A masternode is 1000 VGS.
NOTE : I HAVE CREATED A POLL ON WHAT PERCENT SHOULD GO TO MASTERNODES. CURRENTLY ITS 50%. SHOULD THIS BE CHANGED? PLEASE VOTE!!
If it is changed to a higher %, the masternode holders will get most of the rewards from POW AND POS, and encourage people to buy VGS to setup masternodes.
Vegas
The fact that you change the reward of POS and POW, especially does not affect the price increase. Because some will buy for master craftsmen, and who has a mastenodes reward will sell. It's like one of the options. The only thing not entirely clear is the future future of the coin. Do you plan on the nearest event "Quarter 1 of 2018 Major wallet revision." Including graphics updates, superblock graphics, change in texts such as "obfustication" will change to "stealth send" ect. " People do not quite understand how this will affect the value of a coin or its promotion. You need a more meaningful planned event than this.I raised the rewards on BOTH POS and POW, and now POS is paying out 5 VGS per coin most of the time, when it should be paying 1 VGS (.5 to masternode and .5 to user). Its causing the coin to inflate too fast. We are working on a fix now to lower this. Im not concerned in the least, as our coin supply is a mere 300,000. NOW is the time to setup a masternode while the rewards are high, and prices are at there lowest. A masternode is 1000 VGS.
NOTE : I HAVE CREATED A POLL ON WHAT PERCENT SHOULD GO TO MASTERNODES. CURRENTLY ITS 50%. SHOULD THIS BE CHANGED? PLEASE VOTE!!
If it is changed to a higher %, the masternode holders will get most of the rewards from POW AND POS, and encourage people to buy VGS to setup masternodes.
Vegas
Excellent feedback. I will be even more detailed about my plans:
The main thing that will back Las Vegas coin is software and services that will only be purchased with Las Vegas coin.
We are finalizing the release of "Yobit pump alert" that will detect pumps on Yobit and alert the user. A few releases have been made , but still had some bugs that need to be sorted.
Next , I am going to use my datacenter to rent out very powerful servers for developers to compile wallets. I already have one built, and a few devs renting them out. These servers are socket 2011 with 15 cores, and 64GB ram, and a samsung 960 pro. It can compile a windows wallet in under 5 minutes!!!
There is also another software program that we are starting. The idea is so brilliant and will be such a money maker , that I wont even hint what it does for fear of others doing it ahead of me, but the few that know about it can confirm the idea is brilliant. I have told Woody about it.
Also the old "Vegas coin" used a Corvette in its promotions. Well Im going to do the same, except my new Corvette turns heads at every corner. Im going to have it wrapped with info about las vegas coin. Its a C7 , Z06 Callaway Convertible with 757 HP, and EVERYONE in Vegas will have their eyes on it
Any questions?
Vegas
