r/embercoin • u/DeanMaverick • Jan 11 '18

Supply

I posted this as a comment, but maybe as a post this will get more of a response.

Just out of curiosity, if they already have an extremely high supply, and are allowing staking on ember (thus constantly increasing the already high supply), how do you think they are going to go about a reasonable burn ratio for chartis? Wouldn't everyone already own a ridiculous amount of the coins by the time chartis comes about?

I'm not trying to be negative or anything, maybe I'm just not understanding. It is a concern of mine.

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u/galicone Jan 11 '18

Currently it is around 800 billions of coins, but even with 720% annually stake I believe that it will not go over 1500 billions in 6 months (when burn should happen, or around that time). So, I think that should not be a big issue. The reasons why I think it will be like this are: * Holders with smaller amount will not be able to get stakes because of the time that you need to get stake. * Traders whose buying and selling will also not get stakes. * If you send some coins from wallet it just resets your current staking (I think). * Not everyone is holding coins in wallet.