In my personal opinion I think which is a bit boring is wait, wait for anything, for example If to win 40000 CV2
I must wait a minimum of seven days=5040blocks and also I must have the wallet open always, this last is very important by computers limits by ram and microproccesor.
The result is simply a coin boring.
It would be much better if, now that I understand the coin-control system a bit,
we could put the following instructions at code,
for example,
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Block Reward System: 25000 CV2 + fee or a part of fees, these caracteristics could be changed also at runtime.
Block Time and Minimum Mining Confirmation: 120 seconds and 720, they could be dynamicly modified at runtime, by any kind of algorithm, more ahead more detail about thess points.
I would modify the coin-control system as the following, (Coin-Control feature is an excellent representation an more of how the CV2 coin works, but we could already make better if
we can, and the union is all the power),
The coin control could be modified as the following caracteristics,
The payment of the reward by block found is joined only with symilar kind of reward, then we only needed wait for staking by the payments by block reward, not for a conventional payment. Then we would staking always not only for a moment and wait and so. Then we would get a coin funny a lot!, people wants to be funny a lot, not boring.
The period of time to enable the payments reward to sum to the total staking amount, could be variable also with the mathematical algorithm without determine yet.
As you can observe we are letting many variables at runtime to let a perfect adjust in all moment.
To try to build an algorithm that works with this system that I have wrote, I would need to know deeply for example, how many coins could be created, I would need to know more about inflation in this, I hope you find a bit interesting all what I have wrote to us.
I would love help as much as I can. And I want to learn to develop coins too. Then I hope you say to me more information. Or if you liked or not.
Best regards,
I am not quite understanding what you mean with this, I am open to doing some new things but I think your idea needs to be refinedThe reward would be 4000 per Block plus Fees X 1.1 which would equal approximately a 6% increase in money supply a year but the money supply may grow at an extra 1% depending on the amount of Transactions.
This would give a steady amount of approximately 1 Billion New Coins created every year with higher amounts during times of high activity.
Lets do something a big different hereThe idea behind this is that when holding and Staking you will always receive a better reward. These are some of the reasons behind the ideas..
If you have too high inflation (more than 10%) then the reward is too great and everyone sells.
If you have a very low amount of inflation (less than 1%) then no one Stakes and there is no Volume on exchanges.
The minimum time to Stake being 1 week is just fine because then all the people selling or trading Coins before that time would destroy their Coinage and receive no reward, and pay a decent amount in Fees to holders (depending on the amount of Blocks in transaction).
A set maximum of 28 days is there to curb the amount of small Blocks that would Stake. By my estimates the minimum amount that would be needed to Stake would be around 25,000- 50,000 Coins.
