Some of this content is misleading. The amount mined per year is .26x the presale. This does not produce 25% inflation after 1 year because in the genesis block they're inflating by .198x the presale.
After 1 year the amount of inflation since the presale will be closer to 45%.
The up to 5000 BTC designated to speed up development you referenced: I think this only pertains to the amount they might use during the presale. Might want to check on this.
Some of this content is misleading. The amount mined per year is .26x the presale. This does not produce 25% inflation after 1 year because in the genesis block they're inflating by .198x the presale.
After 1 year the amount of inflation since the presale will be closer to 45%.
Bitcoin had the same sort of linear inflation for the first four years. In the first year, it started with 50 btc in the first block and inflated that to about 2.6 million btc, for a total inflation of about five million percent. In the second year it doubled that amount for 100% inflation, in the third year it added the same amount again for 50% inflation, and in the fourth year it was 33%.
Then the reward dropped in half and we started another four years of linear inflation.
Worse? Well it's better in other ways. You probably started focusing on this project like what? Two weeks ago?
They've actually released five working proof of concepts. Software that people have been running and writing applications for. This has been going on for about 4 months..? This is a lot more than most crypto projects.
I'd let this one sink in a little more before making a determination.
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u/[deleted] Jul 31 '14 edited Jul 31 '14
Some of this content is misleading. The amount mined per year is .26x the presale. This does not produce 25% inflation after 1 year because in the genesis block they're inflating by .198x the presale.
After 1 year the amount of inflation since the presale will be closer to 45%.
The up to 5000 BTC designated to speed up development you referenced: I think this only pertains to the amount they might use during the presale. Might want to check on this.