This sounds good. ROS2 will have superblock and Masternodes? We need to adjust the POS so that coin does not inflate like this again. Perhaps a 2 day min stake age and 20% POS for 1st year, then reduce to 10% starting year 2. Also use new graphics on wallet as seen a few posts above , yes?
Also before you submit source code, lets discuss details about superblocks and hear some ideas. It needs to have a small common superblock, and then a very large superblock of about 1% or less chance.
Vegas
Also before you submit source code, lets discuss details about superblocks and hear some ideas. It needs to have a small common superblock, and then a very large superblock of about 1% or less chance.
Vegas
Lets discuss... let people post what they think is a best solution. I believe staking speed should be as low as possible to secure the network, to have enough confirmation, else if only a few people are staking you will have a dead network, no?
So we could do a pow with a small reward since this will be a new block chain. Tek coin did 1 coin pow reward, and a higher POS, and a 30 day min stake.
Diamond has the best model. After 2 years , they have only 1 million coins, and they have pow, and POS with a 9 day min stake period. Their market cap is $600,000 and the coins are 180,000 sat each. The chain moves because of the pow and the POS , even though the POS is a min 9 day stake, the coin is so expensive that people keep their wallets open. Diamond coin is 50% POS per year and after 2 years only have 1.1 Million coins, THAT is the sweet spot. So starting at 750,000 coins is great!
Also with superblocks , people will leave their wallet open to get those, so that MUST be in the first V2 release. The masternodes can come later. Make it scarce and it will be valuable!! I am horrible at graphics, but I have a fantastic mind for money and economics. Make the coin VERY scarce and VERY hard to a aquire and the price will be VERY high. I would like to be consultant on the money and rewards area, and my name posted on the new ROS V2 Thread as "financial consultant". I can structure this where It will look very attractive to investors, and the price will climb , and the coin supply will hardly go up. I was the financial consultant to Hyper of Hypercoin and Goldpieces coin (my name is on the op of Goldpieces). Hypercoin is its highest ever at 36,000 sat, goldpieces just hit 15,000 sat, its highest EVER! You could also structure all of pos blocks this way:
85% chance 1 coin
10% chance 2 coins
4.5% chance 5 coins
.4 % chance 20 coins
.07 % chance 100 coins
.03% Chance 1000 coins
This attracts investors to raise the price. It also brings excitement like a lottery. You could even add to the wallet a small box that pops up when some hits the 1000 coin super block.
Just some ideas.
You could also have a min balance requirement to receive the 100 and 1000 coin blocks. Say 50,000 min balance. This will cause investors to buy more.
Vegas
Do you really think when changing this that ROS2 will hit a marketcap of $600k? Diamand is a very old coin, and old coins are good in the market, new coins are less interesting for investors, in fact ROS is pretty old too, almost one year... you cannot tell a lot of coins that are still trading one year after launch....
30 day min stake... are we not risky our blockchain with that, i mean if people have to wait 30 days to receive any rewards.... a lot of coins that are launched now are dead after a few days. Of course, ROS is a little older and have a few more investors then a lot of those new coins.
30 days is very extreme, and very risky and not a good idea without pow. I think something like 2-3 day min stake would be good to keep inflation down. Investors will keep their wallets open and the chain moving because of the superblocks. That is why the superblocks are so important, because it keeps wallets open, and chain moving and a strong healthy network, and it draws new investors. The key to a high market cap is LOW LOW coin count, and a very active dev with constant updates, and a quality made wallet, and a happy active community. Ros has 1 year, and it does have a strong community, thats a great start. Lets build on that.
Vegas
