RE: Why I am Very Disappointed by the Upcoming V8 Removal of the Magnitude Component of the Gridcoin Staking Weight
This should've been discussed days or weeks ago rather than a week or so before it's implemented. People need to use the info to make their decisions.. Some may want to quit. Some may want to buy. Everyone needs to know that they'll have to hold a much higher balance.
The removal of magnitude from the stake weight calculation was for highly critical security fixes, of which we are currently anticipating the mandatory upgrade switch-over for (upgrades are out).
The reintroduction of magnitude stake weight (or stake weight boosts close to the max payout window, or a greater payout window) could be possible in the future when other higher priority development items are completed, if you want to see this change accelerated you should aid in such developments.
The price has already increased. Had this information been out days ago, people could've theoretically bought in cheaper. It's not really fair if only some people really know what's going to happen...
The price jumped because of the mandatory upgrade period, this has historically always been the case for an unknown reason. Gridcoin are not above the ATH peak & the information has been out for days and in fact documented for months in github.
The price jump after a mandatory upgrade isn't a big mystery in my mind. The exchanges take their wallets offline, but because they are obviously not moving the actual crypto each time a transaction takes place trades continue, but supply is frozen, the natural reaction is a price increase. If you desire to dump, then plan to do it right after a scheduled mando.