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I am not advocating anything.
In the first year 40% of the coins are mined. That is 6 months from now. Unless something is done quickly, which seems virtually impossible, almost 1/2 the coins will have already been mined. How can any changes be made at that point?
ETA: I just read smooth's point about continued emissions but I believe the point still stands.
In the first year 40% of the coins are mined. That is 6 months from now. Unless something is done quickly, which seems virtually impossible, almost 1/2 the coins will have already been mined. How can any changes be made at that point?
ETA: I just read smooth's point about continued emissions but I believe the point still stands.
I agree and disagree.
In one sense the concept "of 40% of the coins" doesn't even exist, so arguing on that basis isn't very meaningful.
On the other hand, it does make sense to speak of 40% of the coins that will be mined during the initial period of faster mining. It isn't quite as clear what that means though, but it does make this whole emissions curve sound a bit more like an instamine doesn't it?
Maybe I'm a little slow but if the concept of 40% of the coins doesn't exist, how can you use it to compare it to an instamine?
Does it make any difference if I say 40% before the tail? If so how much practical difference really is there?
I just can't see how the emissions can be changed after a very significant % has been mined.
I understand I am viewing this from ignorance, that is very limited experience, knowledge and perspective.
) Perhaps David can copy some of the design elements to the official votelist to make it look less official...
