Q: Hello, can you explain me one thing in patchcoin? I thought that patchcoin is BTC with pos. But what I can see now, patchcoin is planned to have 21m coins at beginning. Does it mean that reward will be only fee based? I thought that block reward idea is similar to btc and halving + fee. Dont you afraid that low fees will be not enough to keep interest in minting?
A: Yes, the coin supply will remain fixed by matching the transaction fees burned each block to the staking reward.
Bitcoin will eventually end up in the same design years from now.
Because we don't have to subsidize expensive mining operations, transactions can be cheaper than Bitcoin in the long run.
Patchcoin staking is more like a lottery ticket, where the rewards are variable and can be large or small. We think people will enjoy seeing the occasional very large staking reward.
Staking rewards will grow as network usage does, aligning the interests of stakers and Patchcoin users.
And we believe Patchcoin holders understand that their coins will be worth more if they participate in network security and consensus.
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