Indeed; this is essentially BitGrin (Grin + Bitcoin emission + mining tax) minus the Grin acknowledgement.
When asked earlier what distinguishes this project from BitGrin, they claimed it has no mining tax, which it now does.
There are key differences between Epic and Grin/Bitgrin, and this difference will increase as we progress on development. And again, we do acknowledge Grin in our white paper and soon to go public GitHub.
The budget emission is 8.8% first year and reduces 1.1% every year until zero. This is relatively much more modest than some coins and will help ensure we can continue developing and promoting. The ultimate goal is to transition from using a foundation to a decentralized autonomous organization.
bitgrin/epic minus dev tax ,surely will attract many miners.
dump from tax scared some miners.
There's still the foundation reward ratio per year, pretty much a dev tax however you want to look at it.
2x ppl running the show should this flop guess who's gonna dump on ya all
Now only 1 person running the show. Legal representation, treasurer, and primary investor all resigned from the board. Leaving just Max. So it's a democratic vote of 1 on how the dev tax is distributed....
Epic coin getting ready for that epic failure right about now
Is it now? People complain about a Dev tax but don't mind getting shafted by projects with inflation that never ends. Epic Cash will be fine and does not rely on just one person. The catalyst was one person's idea but the vision will grow. Fudding a project with no ICO, No Pre-mine and supports privacy is tasteless.
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