This debate is enriched by the testimony of everyone: they are all welcome.
But we must think at the overall level of the project, not at the level of the particular interest of one or another member of the community.
When making a decision, it is the general interest, that of the Firo project, that of the entire Firo community, which must be above the particular interest of this or that party (masternodes, miners , team, community).
Some data on the history of our ZCoin/Firo project (source: coinmarketcap)
. 2018 first week, 1 ZCoin (Firo) : 687,900 satoshis/94.17 € (top 89)
. 2019 first week, 1 ZCoin (Firo) : 136,700 satoshis/4.88 € (top 100)
. 2020 first week, 1 ZCoin (Firo): 43,720 satoshis/2.90 € (top 144)
. 2021 first week, 1 Firo: 8.828 satoshis/€2.36 (top 195)
. 2022 first week, 1 Firo: 11,420 satoshis/€4.76 (top 540)
Things are clear, in 5 years, Firo has gone from an innovative project full of promises to a failure : if we don’t react quickly and strongly, we will become a shitcoin !
- price fall in satoshis over 5 years : -98.34%!
- price fall in euros over 5 years : -94.95%!
- top ranking fall over 5 years : top 89 to top 540 = -451 places!
These figures are extremely violent : despite the technical performance of the Firo coin, its price and rank continue to drop dizzily. it’s a fail !
We must react and the time is not for compromises that will not solve anything : we need solutions built on rigorous reasoning.
Why Firo price over 5 years has fallen by more than 98% in bitcoin and almost 95% in euros ? Why has Firo gone from 89 market place rank to the 451e in 5 years?
The reason is simple: there are more Firo sellers in the markets than Firo buyers. We must therefore promote the purchase of Frio and curb the sale of Firo.
The block reward repartition is an extremely simple and relevant way to act on the Firo purchases and sales.
The only decision to be made is therefore to distribute more Firo to actors who buy and keep their Firo (masternodes owners) than to actors who do not buy and sell them (miners, team, community fund : see previous posts). When I say “more”, it’s not 51%, it’s “significantly more”, at least 60% for the masternodes (therefore maximum 40% for the miners/team/community set).
Firo bloc-reward repartition :
60% → Masternodes
20% + transaction fees → Miners
15% → development fund
05% → community fund (for a first try)
This distribution shocks some miners (not all of them, I am also a miner) who are focused on their short-term personal interest. But these miners are opportunities and have no loyalty to the Firo project (it’s their right, no criticism from me: especially if we encourage this behavior by giving them a large share of the reward block). Those who wish to promote the Firo project in the long term understand that the support of the Firo prize is also in their interest (see previous posts, include others contributors).
I write this without worrying about my personal interest as masternode owner and miner, or even potential future beneficiary of the “cimmunity fund” (who knows ?) or member of the Firo team (which I am not). My only goal is to get the Firo project back on the path to success, which will benefit the entire Firo community (therefore also me): masternode holders, miners, team, community fund.
Hoping to see a Firo at 0.009 btc again… and beyond 