Fibonacci halvings

[adolf512]

Instead of having a halving every 4 years or something, wouldn't it be better to increase the time between each halving according to the Fibonacci numbers?

Number of blocks: reward

524284: 4096
524284: 2048
1048568: 1024
1572852: 512
2621420: 256
4194272: 128
6815692: 64
11009964: 32
17825656: 16
28835620: 8
46661276: 4
75496896: 2
122158172: 1
197655068: 0.5
319813240: 0.25
517468308: 0.125
837281548: 0.0625
1354749856: 0.03125
2192031404: 0.015625
3546781260: 0.0078125
5738812664: 0.00390625
9285593924: 0.001953125 (now after 28655 years at least 9 decimals will be needed).

It continues like that forever resulting in a total supply of 8589869056 which is the sixth perfect number. 25% is mined before the first halving, 37.5% is mined until the second halving and 50% is mined before the third halving. The numbers above are for a blocktime of 60 seconds resulting in halvings after 1,2,4,7,12,20,33,54,88,143,232,,, years and i believe this is the ideal distribution(25% mined after 1 years, 50% mined after 4 years).

This is just a suggestion in the case someone plan to start a new coin, for a PoA coin the block reward would be split into one PoW reward and one PoS reward after 1572852 blocks.

Marketcap(including future coins) needed for secure network assuming a 10x in price is needed for the same security after halving

1 years: 100000$
2 years: 1 million $
4 year: 10 million $
7 years: 100 million $
12 years: 1 billion $
20 years: 10 billion $
33 years: 100 billion $

If the new coin is successful the price will increase enough for the network to remain secure after each halving, of course most coins fail and then it does not matter how good the distribution model is. This distribution model can be applied to any new coin but it is most suitable for pure PoW and i actually think pure PoW is the best solution when implemented properly.

Number of blocks: reward

2097136·1: 1024
2097136·1: 512
2097136·2: 256
2097136·3: 128
2097136·5: 64
2097136·8: 32
2097136·13: 16
2097136·21: 8
2097136·34: 4
2097136·55: 2
2097136·89: 1
2097136·144: 0.5
2097136·233: 0.25
2097136·377: 0.125
2097136·610: 0.0625
2097136·987: 0.03125

1048568·1: 2048
1048568·1: 1024
1048568·2: 512
1048568·3: 256
1048568·5: 128
1048568·8: 64
1048568·13: 32
1048568·21: 16
1048568·34: 8
1048568·55: 4
1048568·89: 2
1048568·144: 1
1048568·233: 0.5
1048568·377: 0.25
1048568·610: 0.125
1048568·987: 0.0625

524284·1: 4096
524284·1: 2048
524284·2: 1024
524284·3: 512
524284·5: 256
524284·8: 128
524284·13: 64
524284·21: 32
524284·34: 16
524284·55: 8
524284·89: 4
524284·144: 2
524284·233: 1
524284·477: 0.5
524284·610: 0.25
524284·987: 0.125

262142·1: 8192
262142·1: 4096
262142·2: 2048
262142·3: 1024
262142·5: 512
262142·8: 256
262142·13: 128
262142·21: 64
262142·34: 32
262142·55: 16
262142·89: 8
262142·144: 4
262142·233: 2
262142·377: 1
262142·610: 0.5
262142·987: 0.25

131071·1: 16384
131071·1: 8192
131071·2: 4096
131071·3: 2048
131071·5: 1024
131071·8: 512
131071·13: 256
131071·21: 128
131071·34: 64
131071·55: 32
131071·89: 16
131071·144: 8
131071·233: 4
131071·377: 2
131071·610: 1
131071·987: 0.5

[adolf512]

This can be implemented to any new coin, i think something similar to SDC would be a good concept, a coin where you can send anonymous messages, and transactions to other users. Fast transaction time is of course very important and currenly dash offers that with InstantX, not sure if they have a good solution for it though.

One big issue is the ever growing blockchain which makes it difficult for currencies to scale, i have no idea how to solve this and it might not exist any good solution https://bitcointalk.org/index.php?topic=1319681.0

If you want to have masternodes(similar to dash) you could of course spit the reward in the following way
-25% to general funding
-25% as master-node reward.
-50% as to miners.

Not sure if i like the masternode concept though and this distribution is not really ideal for it anyway.

If the best anonymity us the goal a new coin based on zcash is a good idea, i think that would fail but i might be wrong.

[adolf512]

blockreward over time with Fibonacci halvings


bitcoin blockreward over time


The black area in the first picture is actually smaller, 85.9375% mined after 88 years instead of 99.8% mined after 32 years. Bitcoin has a bigger block reward(divided by total supply) after 2 years and this will be the case until a total of 16 years has passed, after 24 years the inflation will be higher with Fibonacci halvings.

[adolf512]

It turned out zcash will allow anonymous messages https://www.youtube.com/watch?v=HVqk6We2Das there is however other issues with zcash such as scalability and distribution model, there is some room for improvement, maybe not enough to overcome the network effect but it would still maybe be a good idea. We already have zclassic and a few other coins similar to zcash, adding one more would not hurt anyone but investors buying too high.

After some thinking and reading it became very clear that pure PoW is best http://www.truthcoin.info/blog/pow-cheapest/#example-2-delegated-proof-of-stake-dpos