Community Proposal
I am opening up the discussion to ending the PoW period early and going to PoS. I have had a lot of feedback that the multipool dumps are hurting and regular miners have stopped mining.
In order to do this we would need to have a dev on board to assist with this as this is not something I could go back to the launch dev for.
This would require ANOTHER HARD FORK which generally are bad. If we do this should we go to PoS or stay PoW with block halving?
POST YOUR THOUGHTS!
*THIS IS NOT A STATEMENT THAT WE ARE REDUCING THE POW PERIOD* JUST A DISCUSSION *
From a personal standpoint I would like to see the coin do the full POW as originally proposed. For full disclosure that is because I have not been mining it as much since I knew we are less than 20% through the POW phase(just off the top of my head didn't calculate). I have been mining other coins that are ending their POW phase. If it was shorter I would have mined Judge, because I think it has more potential.
Now from an overall coin perspective. Is there a way to block multipools? I was reading in another thread last week that some coins do this, not sure if it's true though. I will look and see if I can find what I was reading, but with how many posts I read I don't think I will. Also pools can block IP addresses of users/farms. I know that some pools do this to slow down the huge farms that are out there. It doesn't stop them just makes them keep switching IP's which again slows them down and sometimes creates too much work so they just move on.
Another question is there a way to see if it is a multpool that is dumping and not just a huge farm or just a lot of people? I use Trademybit and do not use their auto convert function often. I just transfer either to my wallet or an exchange. So not all multipools are necessarily to blame, it is still up to the miner.
Sorry I guess I brought up more questions than answers, but knowing the above I think we can all make a better choice of the path ahead.
Have a Great Day
Some good points. I am generally against changing the coin once launched. The only reason I dropped the block count on this last revision was to make up for the PoS blocks that did not kick in right away.
My personal philosophy is that we should let the PoW run as it was just patched to end with the originally planned 15 million coins. I chose this number since i wanted to have roughly the same amount of coins as bitcoin. Without this latest fork we would have hit 21,600,000.
Without a premine or IPO I have no way of offering bounties to people without buying hash or buying coins off the exchange. In that way the lower prices has helped get some, which in turn will allow me to operate the coin as if the coin did have a premine, except instead of the premine coming from the community it is coming out of my pocket.
