Why coins are used to be halved, but not something like 80%, 75%?

tbitt

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Quote from: Acidyo on February 13, 2014, 05:11:25 AM

Quote from: FreeTrade on February 13, 2014, 05:03:51 AM

MemoryCoin has this kind of reduction - 5% reduction each week.

oh cool, didn't know that. More coins should implement this to be honest, for a more natural price increase instead of a 50-100% spike.

WorldCoin is also reducing block reward 1 % per week.

Manwe

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Quote from: brooklynite on February 13, 2014, 03:08:08 AM

I dont think the first two posters understood you.

I think you are saying instead of the coin-per-block reward be multiplied by 50% every few months or so, why doesnt it get multiplied by 80% every few weeks.

I think its a great idea. Just another thing Satoshi put in bitcoin to make it useless. Like its 10min confirmation and the ability he left in there to make new altcoins left and right, plus the limitation that forces us to use pools and losing 30% of our coins to the pool owners. A lot is wrong with Bitcoin's logic and I still have not even gotten to the technical issues like the malleability thing.

Yes, this is what I meant.

Acidyo

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Will Bitcoin Rise Again to $60,000?

Quote from: FreeTrade on February 13, 2014, 05:03:51 AM

MemoryCoin has this kind of reduction - 5% reduction each week.

oh cool, didn't know that. More coins should implement this to be honest, for a more natural price increase instead of a 50-100% spike.

Acidyo

hero member

Activity: 588

Merit: 500

Will Bitcoin Rise Again to $60,000?

Quote from: brooklynite on February 13, 2014, 03:08:08 AM

I dont think the first two posters understood you.

I think you are saying instead of the coin-per-block reward be multiplied by 50% every few months or so, why doesnt it get multiplied by 80% every few weeks.

I think its a great idea. Just another thing Satoshi put in bitcoin to make it useless. Like its 10min confirmation and the ability he left in there to make new altcoins left and right, plus the limitation that forces us to use pools and losing 30% of our coins to the pool owners. A lot is wrong with Bitcoin's logic and I still have not even gotten to the technical issues like the malleability thing.

what pools do you use that you lose 30% of your coins? Tongue

but yeah, this is a good idea in fact, don't understand how none of the 10 new coins/day have used a block halving of 10% or more instead of the usual 50%.

FreeTrade

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MemoryCoin has this kind of reduction - 5% reduction each week.

brooklynite

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Activity: 266

Merit: 250

I dont think the first two posters understood you.

I think you are saying instead of the coin-per-block reward be multiplied by 50% every few months or so, why doesnt it get multiplied by 80% every few weeks.

I think its a great idea. Just another thing Satoshi put in bitcoin to make it useless. Like its 10min confirmation and the ability he left in there to make new altcoins left and right, plus the limitation that forces us to use pools and losing 30% of our coins to the pool owners. A lot is wrong with Bitcoin's logic and I still have not even gotten to the technical issues like the malleability thing.

chinabreak123

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nobody can do this

yaboymarvo

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Quote from: Manwe on February 13, 2014, 01:40:30 AM

Like reward X 80% every week, I think it can be a great idea.

you would need a huge total amount of coins to keep mining going for more than a week with that reward cut,and something with that high amount would never be worth anything.

Manwe

full member

Activity: 196

Merit: 100

Like reward X 80% every week, I think it can be a great idea.

Topic: Why coins are used to be halved, but not something like 80%, 75%? (Read 496 times)