Now that DPOS is pretty close to being ready, why not test it as 90% airdrop on LTC (90/5/5 LTC/PTS/AGS)?
-One should not be concerned even with massive dump – it is not some core DAC that needs to preserve value;
- Much bigger test base (as number of transactions/participants etc.)
-The non-inflation feature of DPOS vs POW combined with the very low dilution of LTS might just work and bring significant benefits from something that we planned for just as a DPOS test run.
[Edit] The name is not important at all. You can call it DPOS Coin...
I think this would be a "hostile takeover" attempt and I'm against it.
Litecoin does not want to convert to DPoS because they want to mine. So there is no point in trying to force our principles on them. If we did that all it would result in is LTS being dumped, bad press, and it would turn the LTC community hostile toward us.
I will go into what I think should be done in more detail after Bitshares is finally released buy I've put my marketing strategy into the right hands and onto the forum.
The principle behind it all is to reward innovation, and to not make it easy for the winners of one blockchain to transfer their power to another blockchain risk free. So if you've got a lot of Litecoins because you've got some ASIC farm or a lot of Bitcoins because you've invented some chip to mine with I don't believe you should be rewarded for centralizing the hashing power. So I don't agree with gifting mining pools, chip makers, the electric company or any of that.
But I do think we should reward genuine pioneers, risk takers, and people who show real interest in PoS. People who just want to mine but who don't care about whether or not it's centralizing, or whether or not it's promoting technological progress, why reward that?