Bitcoin Forum
November 08, 2024, 04:16:30 AM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: What would happen if Bitcoin used an S-curve for Bitcoin inflation?  (Read 654 times)
cbeast (OP)
Donator
Legendary
*
Offline Offline

Activity: 1736
Merit: 1014

Let's talk governance, lipstick, and pigs.


View Profile
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.
odolvlobo
Legendary
*
Offline Offline

Activity: 4494
Merit: 3402



View Profile
April 16, 2015, 07:04:11 AM
 #2

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.

Join an anti-signature campaign: Click ignore on the members of signature campaigns.
PGP Fingerprint: 6B6BC26599EC24EF7E29A405EAF050539D0B2925 Signing address: 13GAVJo8YaAuenj6keiEykwxWUZ7jMoSLt
IIOII
Legendary
*
Offline Offline

Activity: 1153
Merit: 1012



View Profile
April 16, 2015, 02:05:30 PM
 #3

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?
americanpegasus
Hero Member
*****
Offline Offline

Activity: 770
Merit: 504



View Profile
April 16, 2015, 05:04:11 PM
 #4

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.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!