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While I do feel ADN holds some promise, i am i little concerned about the coin release schedule.
Specs provided:
84,000,000 ADN
50 ADN / block
30 second block target time
840,000 halving
Given these specs, that is 100 ADN / minute or 144,000 ADN per day.
The block reward will halve in ~292 days (840,000 blocks / 2 blocks/min / 60 min/hr / 24 hr/day).
At this point there will be 42,000,000 ADN in circulation!!! (840,000 blocks * 50 ADN/block)
This high influx of coins will flood the market and drive the price down as it is no longer rare. The block rewards either need to be reduce more quickly or the block target time needs to be increased to 2.5 minutes as in vertcoin.
Feel free to check the numbers yourself.... i hope i made a typo.
Specs provided:
84,000,000 ADN
50 ADN / block
30 second block target time
840,000 halving
Given these specs, that is 100 ADN / minute or 144,000 ADN per day.
The block reward will halve in ~292 days (840,000 blocks / 2 blocks/min / 60 min/hr / 24 hr/day).
At this point there will be 42,000,000 ADN in circulation!!! (840,000 blocks * 50 ADN/block)
This high influx of coins will flood the market and drive the price down as it is no longer rare. The block rewards either need to be reduce more quickly or the block target time needs to be increased to 2.5 minutes as in vertcoin.
Feel free to check the numbers yourself.... i hope i made a typo.
max is 84m regardless, We might just get there a little faster.
Other note, check out this logo
https://i.imgur.com/9wR4cEt.jpg
hi,defaced,
I also think that The block rewards either need to be reduce more quickly or the block target time needs to be increased to 2.5 minutes as in vertcoin.
I think you should think about it very carefully.
Thanks!
Doing this now is slightly dishonest and gives alot of coins to the first miners.
Doing so does not result in unfairness， while keeping prices stable。
