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Dear Utopia Community,
As of today (01/03/2022) the reward per block (issued every 15 minutes) is being reduced from 96 Cryptons to 48 Cryptons due to sufficient amount of network nodes and in order to support the exchange rate of CRP.
Multi-faceted and highly-professional approach to liquidity support and stable market rate of Crypton is well-organized with 3 main levers:
Adjustable amount of issued Cryptons per 15 minute block for regulating emission
Adjustable Proof-of-Stake Rate for storing Cryptons that can be positive or even negative if it's necessary for market rate stability
Adjustable fees settings for all paid services available within Utopia ecosystem
All of three adjustable settings listed above are currently controlled by Utopia development team but after implementation of decentralized referendum, self-governance and voting systems the full control of adjustable settings will be transferred to society.
Crypton's ideology and main priority is strived to complete anonymity and privacy protection to deliver the highest level of freedom, security and stability to its users.
Best Regards,
1984 Group Team
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Humble opinion: The sentiment is that this will punish further small time miners dedicated to the project and legit VPS miners who pay for the service. AWS still account for 50% of the nodes online and if the rumors are true they won't be scathed by this adjustment.
I still believe the fastest and most effective fix for this issue would be to require an amount of CRP to be staked for each online miner.
People who believe in the project hold anyway and big miners wouldn't be able to flood the market. This would also create stability in the future so no-one could just flood the market and the network without a sizeable investment before hand.
The requirement could also be logarithmic in brackets:
* 0-10 miners no requirement
* 10-30 20 crp per miner
* 30-100 40 crp per miner and so on.
The amounts are just an example
EDIT: well as the halving worked great, with the threads approaching 80000 you can plan another one just to kick out all the legitimate remaining miners and directly rebrand to Utopia powered by AWS (The most centralized crypto! The only Rival to Binance)
Last edited by money_ranger (2022-03-03 18:21:46)
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