Topic: Sprouts: vote on the future long term POS reward rate (Read 946 times)

0% reward
3.3% inflation
sprouts should have FLAT rate per block

You can find the original  thread for Sprout Coin right here @ https://bitcointalk.org/index.php?topic=1103868.1560

I dont know where the ann thread is, but ill keep my word about the dice, i currently have people developing one from scratch, the script i had had flaws.

Many feel that the coin is dying and we need to cut the POS reward. Please vote above. Right now, 2.5% is winning.

why not go get some Peer Coin with 1% per year, why change this coin?
peace

how about 2% a YEAR. which is consistent with target fiat inflation rates

Hi! I Like the way you started the coin.. I also see that you are open to good Ideas..  and I have some SPRT too!
I work in PR, so my mind is generating many ideas for different products.. So here I have a simple Idea for "coin supply control":
The actual numbers must be discussed and all I put is for you to get the Idea.
I called it Fertile Address. So what we can do (I say WE, because I am the part of the community) add a feature in the wallet, that will allow people to generate a New Fertile Address in return of "burning" X amount of coins.. and coins send to this new address will stake at a little higher % ..lets say 15% after 5 days and +3% for each extra day.. (remember that numbers I propose - must be discussed within the community!)
So! ..For example... One can destroy (burn) 1 000 000sprt and will see the New address generated in his wallet. Coins that are sent to this address will stake at better rate then the "simple" new address.. not just for your pretty eyes, but for lowering the overall coin supply for the whole community!
Its just like in nature - ashes of burned plants are used to fertilize soil for better crops.
We will answer the main question by implementing this feature:
- why BUY more sprt??, not just hold and mint and sell, active supporters - who BUY sprt at the market would love to have some advantage for their coin support.. This is called "stimulating demand" in marketing or demand stimulation, by making people interested in actually getting the coins from all sources// The sprt is cheap, so the market is - the great source of coins!
Also its a free-will action! So, you are not forced to do anything if don't like, but you can, but get greater rewards.
The good thing for the dev team is - you don't have to change the existing rates and make all to get through hardforks!
Simple math.. If 100 richest wallets will generate at least 1 such Fertile Address, we can take out 100 000 000 coins from supply - it will skyrocket the price within very short period!
we have only 278228259.74286097sprt at the moment ..
Its important that this addresses are not sold as stakers, but are generated inside your wallet in return for taking part in coin-supplycontrol!
thank you!
peace

There's no way it can be a sustainable investment with this high rates!

It should be brought to reasonable levels

If this coin implements a proper inflation control and the developers stand their ground, this could be a very good investment.

Sprouts currently has a 10% POS reward every 5 days with +2% per day of additional staking. As a community, we are considering lowering the reward in order to curb hyper inflation.

To do so, we have proposed decreasing the POS reward every 5 days until we achieve a target POS reward. Please cast your vote for the target POS reward that you would like to see long term.