IJumping to 5% POS interest requires some thought and I wouldn't advise it unless we have the right infrastructure in place e.g. the ability to appreciably spend and use Zeitcoin in the real world; Android wallets; a substantial number of potential users etc. When we have all that in place, dropping to 5% will encourage people to spend and use, rather than hoard.
For the now though, 20% POS interest will tend to attract more users, while the good progress already achieved is built upon.
For the now though, 20% POS interest will tend to attract more users, while the good progress already achieved is built upon.
Hi Bainbridge,
With Coinpayments we already have some of that infrastructure in place, but it is receiving little use ,
IMO in part to our 20% interest rate, once we drop to 5% our price will rise and stablize , at that point more people will use coinpayments (increasing desire for zeitcoins). The possible future security issue just speeds up the discussion timeline.
FYI:
A Centralized Checkpoint server would defeat purpose of being Decentralized , and the only thing that would have to be attacked to damage a network would be the checkpoint servers. It would weaken the network verses making it stronger.
The Slasher algorithm is so drastic , that it is not really even a possible consideration.
The 5% will happen in 2 years anyway.
