Some people see large numbers of smaller amounts staking as a help to the network and a partial control on inflation; others see it as a possible security threat and/or a nuisance; and still others see it as a way to 'game' the system. Again, whether there is a problem depends upon your point of view.
There is a problem, and it's exponential supply growth. With no limit on supply growth, the price will drop accordingly. Has to. That's fine for large holders, who've lobbied to eliminate microstaking in the code so that they can always get 40% return thus staying ahead of inflation. Ultimately, it's a race to the bottom. If nothing else, greed will kill this coin.
Most other POS coins I hold have stake reward limits and, as a result, high difficulties. And these coins are apparently able to retain/attract users in spite of it because it makes them relatively scarce, valuable and more predictable. I realise monetary value isn't everything, but it's a lot to a coin that has no other functional purpose but speculation.
Once more, I implore the dev of this coin to consider my warning. I believe his motives are pure because this impending hard-fork is meant to eliminate a perceived injustice, and that's fine. However, this fix will only exacerbate the problem of unlimited supply growth. Eventually, we will all lose unless we bail out judiciously. And once the faithful have left, the coin will likely be abandon.
Just my thought. Thanks for reading.
Thanx for writing!
Everybody is pointing to the "supply"... but they always forget about the demand!!! I need this coin only because it is the only coin now that has parameters close to what I call "a virtual miner" and replaces faulty mining clouds and gives you control over all your virtual hashing power, no need to pay maintenance fees and no need to trust cloud hashing at all ..scams or not!
You can alwas exit by just selling your coins..
Look at TEKcoin as virtual mining machine that is not affected by the network difficulty that much.. Will be fixed back to 40% after hardfork.
That forms the DEMAND for more then two years now!
Tekcoin lets people start with the crypto without need to buy BTC or hardware miners or mining contracts and because it has its market gateways open at Cryprts lets you exchange it for btc or any other coin that has Market adoption ar some other shit you can imagine with no datacenter at your basement.
Peace
PS Trust me you don't want your miner to have to stop mining at some point in future i.e. "coin supply cap" or any other decline or regular disadvantages that other miners have..
The potential for tek and other pos coins is great but the environment is very hostile.
