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Author Topic: What would happen if Bitcoin used an S-curve for Bitcoin inflation?  (Read 578 times)
cbeast
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April 16, 2015, 05:24:25 AM
 #1

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?

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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odolvlobo
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April 16, 2015, 07:04:11 AM
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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.

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IIOII
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April 16, 2015, 02:05:30 PM
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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?
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April 16, 2015, 05:04:11 PM
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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  

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.

Account is back under control of the real AmericanPegasus.
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