thats another great gift from the guys who supported it, people should start to notice that this team is something different from the rest

from what i'm seeing, more people are joining on that pool, hell, i want a pi to

I dont agree with you, wat magic does is also a way there r difrerent ways to do thing and his way is one of them and for so far i read you did attack hime and if you think you know a other way to make this great coin greater do  something about it and stop saying its time for the next step.
This communitie is so big coz magic is doing what he does.

I think the odroid is even better than the banana pi, I am looking at getting one.  People who have them tell me they like them a lot better than the pi.  http://www.hardkernel.com/main/main.php

Thanks for the 0% fee !

That's one of the points I mentioned. You can't do that manually in the long run, it needs to be done automatically.

100% agree. The question is, if this not really decentralized idea suits to the plans of Magi and the Developer.

Sounds interesting and is an idea to think about.

Good to see I'm not the only one trying to warn about this possible scenario. Even if some guys here think I'm an idiot for pointing out such kind of problems, they can and probably will appear. Bitcoin is a good example: Huge chinese farms invested tons of money and more or less control a big part of the mining process. What if manufacturer A starts mining with a new, more efficient farm and starts a 51% attack? Don't forget: It's more or less money, you're playing with. People around the world have been cheaten in different ways and want a secure payment system to use/invest in. You're competing with Credit Card processors, Paypal, Banks and so on. Their systems can be cheaten, too. But they invested a lot of money to secure them and have the manpower to fix bugs immediately. Imagine Mastercard would say: Sorry, your incoming payment can't be processed until we've switched over to a new algo or something like this.

If you are looking for another way to ensure PoW won't stop due to miners leaving: Make it merge mineable with another coin. This way no one cares about the reward as mines are getting those coins "on top" of the other coin(s) they are mining. Just a thought...

Again: That's no attack on the Developer, he did a good job and started an interesting coin with a totally different approach. Just thinking about future problems. If this awesome community doesn't appreciate it, prefers to wait for problems until they occur, it's ok for me, too.

I agree with Lightsplasher and tittiecoiner here.  In just the last few days we've seen nearly the entire block rewards vanish and or go to one large miner, at this point that large miner is single handedly controlling the coin rewards, that day has already come and we really should do something to fix it.

I really like the idea of greatly reducing PoW rewards and adding merged mining - and increasing PoS interest - that is very interesting to me and would be my choice of fixing this issue but undoubtedly this is a complex change to implement so let me bring up what I think is probably easier to do first.

The simplest solution I know of is to switch to full PoS right now and increase the interest rate to about 15% yearly to start.  The interest rate has to be high enough to make it worthwhile to invest in and save while also offsetting the potential mining loss that might have occurred.  I'll list the pros and cons as I see them.

Pros
1  Green!  Way more energy efficient, no more wasting electricity, just run your wallet once in a while.
2  More fair way of earning coins: rather than competing with large miners or bot farms, and using even more energy in the process, you now earn an equal percentage as everyone else based on your own balance.
3  This encourages holding and saving coins in your wallet, this can also be looked at as a con because some people will not spend their coins.  Maybe this increases demand?

Cons
1  No more mining which is a fun hobby for many people.  Suggestion, mine another coin and buy more XMG.  Win-Win!
2  PoS encourages saving and holding coins which might equal less trading and spending in commerce, then again, it might just increase demand while we fill our wallets.
3  More difficult for a newcomer to get into XMG because they would need to buy coins to get started.  This can be fixed with promotions, giveaways, better faucets, and let Magic111 do his thing!  This can be turned into a Pro very easily with the right marketing and ease of use!

Security - This is neither a Pro or Con with the current system as it is.  Hybrid PoW/Pos or full PoS are both secure when implemented correctly.  There are many pure PoS coins out there that are working as intended.

Assuming we did make this change, we then can focus more effort on expanding and adding new features and merchants without the fear of losing mining profits.  I mean, can you imagine a Magic111 unleashed to spread the wealth even more than he already is, that would be fun to watch!

Either way, we have a major problem right now and we need to fix it asap!  Waiting or having patience will not make this go away, it will get worse, so let’s fix it now!

You're a good guy and doing a good job, no doubt about that.  Maybe my words were a bit too harsh.
It seems you got me wrong. I don't mean your job or actions are nonsense.
I was talking about the fact that most requests or problems, probably as you don't know what to say, how to help, you just always state how great coin and the community are. True, but that doesn't solve the problems. Magi is a very interesting project and it's sad to see that newer coins with shady people behind it, have a more significant progress than Magi. Also I mentioned that I think it's time for the next step. So instead of only starting one giveaway after the next, investing time in tasks like getting more merchants, increasing the trading volume, trying to solve real world problems in regards of payment processing and so on. But as goldlabel said, it's better for me to be silent and trying to help other coins whose communities appreciate critical thoughts and thinking outside the box.

We have already been in touch in the past, check your message history. So you know I'm not a newbie in the crypto scene and have worked for an other coin. Next to an other coin I only hold my XMG, I usually sell all the coins I mined with my mining hardware. So probably it's not pure bullshit I'm telling. But TBH, I'm a bit shocked that critical thoughts are not wanted by this community (or is it only because of me).

My credo is: A coin is worth nothing without a real purpose, people that use it. And if you don't find companies accepting it for payments, start building your own eco system. Even if only the coins' community will use it at the beginning, the more users it has, the more attention it will get and more and more people will follow.

What are the problems companies have when receiving customer payments via Credit Card, Bank Wire, Paypal, Amazon Payments, Western Union and so on? And what can we do Magi provide to solve those problems? I've worked for an adult related coin and asked the same questions, started working on solutions and contacted business owners. Nearly all of them were not interested as not even accepting Bitcoin made them so much more sales as they expected. What does that mean? I think there are several ways to answer this question. Just something to think about.

If you feel attacked, pissed off or unappreciated, I apologize, that wasn't my intention. Just a different point of view and some ideas to think about. From now on I will remain silent and go on mining, holding and enjoying the giveaways. Peace!

This is actually what's happening right now. But yes here is more or less an issue with reward adjustment.


The ideal adjustment should be done in a much nice way, and this is exactly where we should make a fix at. For example, whenever a big miner comes in, the reward goes down, and back to normal when he is leaving. Lowering the maximum XMG rewards would make frustration to the big miner, but to all others as well; the consequence will take place throughout at this time I can imagine. The issue is all about people mining with less number of coins generated that causes miners leaving until a new equilibrium is created. 

Thanks for that friend, but I am neither genius, nor smart. )

Thanks for the trust and nice words Redrover.
Good to read the ideas from Lightsplasher, tittiecoiner, fragilefungi and you.
Because Iam not a coder just a marketing man the next question might be stupid.
But I think I can ask it here. Is there an option to improve Magi with higher PoS reward and PoW reward what only will generate coins with low hashrate. So I mean the unique blockreward will adjust to each miner. Like a intelligence blockreward system. If something like that could be done Magi has the advantage from PoS and the fun with mining without wasting electricity. In this case the intelligence blockreward system must be able to check the hashrate the miner uses. If it's too high it will block the miner from receiving coins.
Or is it too early for this kind of development?