Somehow everybody just ignored my Tekcoin feature proposal, so I post it here again!
And surely hope for at least some respond or critics or anything.. or does it sound stupid..
This is where we can go ..if look at the Tekcoin as a Product as my main job is PR.. I understand market positioning better then programming.
So I think of Tekcoin as a product on the market and what can pick up the price and create demand..
This simple marketing tools that used for wide range of products and are not new, but will bring more fresh blood into project!
I really wanted Thundertoe to get into discussion and Biomech as the part of active community here!
So here I go again:
What to do with millions of coins in the future? BURN them ..please don't stop reading here, because I am not big fanatic of burning coins at all!
But! Yes we Can ask our DEV team to consider burning option in the wallet?
Let this burn option be the process that will somehow destroy coins in exchange for the new generated address unique to this wallet i.e. proof-of burn
SuperStake address! If coins send to this address they can stake at 41% no matter of the difficulty level
..lets say burn 100000tek = get address staking at 41% per 30 days
perhaps we can make something like if you burn 200000tek then the new address will stake at 42% etc until 50%
(it can be made math\formula\depend on how much you burn// like if you 220000 will get you 42.2% etc.)
So that would solve two main issues and answer the question WHY BUY TEK? This will generate an immediate demand rise and will blow some life into POW mining too!!!
And what to do with millions of coins ...and the hard fork is not out just yet
First I was thinking of - How you can improve the virtual miner? - you must make the one that mines Moooore!!!
the numbers and the concept need to be discussed here and ..peace to you all
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From the way you have written your examples it is unclear whether you mean that burning 100,000 would give you the guaranteed 41% superstake rate for 30 days (ie you need to burn another 100,000 next month) or if it would give you that rate forever. Which do you mean?
You burn 100000 once and you will see the new address in your wallet. And if you send any amount to that address, then you will get exact 41% every month forever! And this address is locked to your wallet.dat
if you burn 123456tek then your another NEW address will stake at 41.23456...% and so on... but no more then lets say 50%
It will then make sense to buy some more tek to get privileged stake, but not for your pretty eyes, but for contributing 100000 (or how-much-you-choose)Tek in favor of taking out the excessive supply base.
ok/
peace
P.S. I was thinking of word sacrifice, but did not use this word, because then they will say we were a church
I also see the business opportunity here for the SuperStake Address owners as they can take other people deposits, then stake it all together for a small fee on this advanced stake-rate address and make payouts after 30 days back in the autopilot fashion to the addresses from what deposits were made... this will require coding from our Dev team..
I understand that its big work to do here, but I think it is time to move the concept forward.. unless the Devs have something that we dont know yet... didnt see a roadmap
peace
EDIT: P.S. The price will go up, because of very simple fact, that Every coin has Very Big Fans (VBF) and Just Holders(JH) and if the mechanism described above is launched, then VBF are going to start buying the coin right away, because its "cheap" (and actually showed the bottom and climbing up already)...
Then JH notice that the price is going up and reaches their level of "normal good" price.. and start buying too, but at higher price again!