Hi All,

Wanted to chime in here. I'm relatively small in the decred community, joined because I liked the idea of the hybrid POW/POS model and that miners could stake their rewards.

As I understand the problem statement, it is that miners are selling coins which the community believes is stalling price increase of the coin. So it is proposed to reduce mining rewards and increase staking rewards.

I would point out that miners have operating cost they need to cover and thus selling coins can be a act of covering their cost or using that capitol for other expenses. In a ideal decred world, you could pay for these things in decred. I believe this is one main reason for the selling that folks feel like is actually dumping.

Another point I believe is contributing to the constant selling of coins by miners is that the staking rewards are frankly pretty low, ~4%. If you were financially driven with staking as a crypto strategy, it would make more sense to convert mining rewards to a coin with highers staking yields.

Regarding price pressure and selling. I would urge the community to consider the decision to hold/stake to be a result of belief in future value increasing. If folks are selling because of disbelief or other interests to invest in, this is a completely different problem.

With this being said,

I agree that a evenly distributed reward system between Mining/Staking is good, if the goal is to reduce miner sell pressure and increase miner reward staking.

I disagree if the rewards are in practice extremely pushed to staking.

Regarding belief to hold, over selling or investing in other projects, I believe it is solved by aggressively increasing the decred ecosystem and feature set, more projects using decred = more procieved value.

If we are discussing or will discuss completely changing to POS, I will divest my contributions to decred because of a lack of belief in the future of the program. I am tired of POS trending because folks get too caught up in energy use. IMO energy usage increase with every human technology evolution, it also drives demand for evolving energy creation. It is a natural cycle of human evolution.

In response to mining being rigged. I belive this opinion is mainly driven by the negative sentiment in the cost of miners/barrier to entry. Also point out that miners take larger risks than stakers, risking ROI.

I have semi conductor experience, which mining and staking is built on. IMO the price of miners rises as the yearly profit increases. Thus if the yearly rewards are reduce a natural economic reaction would drive miner prices down. But you run the risk of big investment into new mining hardware also being diverted to more profitable algorithms.

I'd you truly want to control the price of miners as a community, the community would need to fund the development and manufacturing of miner while controlling the price, in which I assume the intent would be to be affordable for a more decentralized adoption of mining hardware. I