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Title: What would happen if Bitcoin used an S-curve for Bitcoin inflation? Post by: cbeast on April 16, 2015, 05:24:25 AM If Satoshi had used an S-curve allowing a slow release at first instead of large dumps of Bitcoins, would it have seemed more fair to those that shout "EARLY ADOPTERS ARE ELITISTS!" and only now would 50 BTC blocks be offered?
Title: Re: What would happen if Bitcoin used an S-curve for Bitcoin inflation? Post by: odolvlobo on April 16, 2015, 07:04:11 AM Actually it is an S-curve. The difficulty did not rise for the first year, so average confirmation times were much higher than 10 minutes and bitcoins were being created at a reduced rate. There was a slow release for the first year.
Title: Re: What would happen if Bitcoin used an S-curve for Bitcoin inflation? Post by: IIOII on April 16, 2015, 02:05:30 PM If Satoshi had used an S-curve allowing a slow release at first instead of large dumps of Bitcoins, would it have seemed more fair to those that shout "EARLY ADOPTERS ARE ELITISTS!" and only now would 50 BTC blocks be offered? Life is never fair. The question is if a different release scheme would have triggered sufficient participation in the first place. Why start mining now, when you get less reward today than in the future? Title: Re: What would happen if Bitcoin used an S-curve for Bitcoin inflation? Post by: americanpegasus on April 16, 2015, 05:04:11 PM Well, this is exactly the zero premine distribution method I had planned for Pegasus Coin, which was to be the true successor to bitcoin.
https://www.reddit.com/r/AmericanPegasus/comments/2udh0n/ive_been_quiet_thats_the_sound_of_work_bitches/?sort=confidence (https://www.reddit.com/r/AmericanPegasus/comments/2udh0n/ive_been_quiet_thats_the_sound_of_work_bitches/?sort=confidence) However, I am not allowed to program it myself and the lead developer bailed on me, so I am need of someone who can implement my specifications (s-curve distro, POW + PoS based on phi constant (1.618)). Also I'm willing to pay. |