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RE: The top50 GRC addresses own 48% of all Gridcoins
In my opinion, we would have to reduce the amount of coins minted dramatically in order for the coin to ever increase in any real value.
And the only way to do that is to get rid of the interest because the purpose of the coin is to reward BOINC research.
Some people have suggested replacing interest with a fixed block reward. I'm not even sure a fixed block reward is required to secure the network because all researchers need to be staking regularly anyway to receive the researcher reward.
If any adjusted inflation is required, it should be more inflation for the growth of researchers not for users sitting on large amounts of GRC.
A fixed block reward is a better idea than accruing interest offline & no pos rewards at all. We do need some form of incentive for staking, otherwise why wouldn't you just stake once every 6 months to earn your GRC?
Do you still think it would be required in the future when Gridcoin is much more popular? I would of thought there would always be people trying to stake constantly because not everyone has the balance or mag to stake often. Or are the whales required to stake often to make the coin secure?