Ravencoin Asset Burn Cost Adjustment?
When Ravencoin was ~$0.01 the cost of making assets was ~$5.00 after 500 burn fee, a price low enough for mass usage for low to high-value assets. With the price run-up, it now costs over $100 to make an asset, effectively making the usage of it for low to medium-low value assets ineffective. It is clear that as the value of the coin rises, the use cases diminish.
My question is then: Is it possible for this cost to be automatically, or manually adjusted? If not I see several outcomes:
- The cost of using Ravencoin is too high for most uses, maybe Ravencoin should only be for high-value assets?
- The price is kept down, even as usage increases
- Transaction speeds will slow as miners won't mine if the difficulty goes up without a price increase.
I would appreciate any thoughts on this.
submitted by /u/l33thaxman