^ yet all glebs newbie accounts got through?
Anyway, no evaluation of my previous figures? (except sam b)
This is how it looks to me.
c0 value their input to date at $420,000, valuing decred @ $0.49. Then proceed to say the decred project will not be viable at less than $1 per decred which values their payment at $840,000.
So c0 are profiting 100% on their input.
Then c0 collect 50% of all PoS (15% of all blocks), another 100% profit ($450,000) on original input in year one.
decred dev fund starts with nothing.
The dev fund collects 10% of all block. (5% Less than c0 get from each block)
The dev fund receive very little or no PoS. (as they start at zero holding)
c0 earning are not committed to decred.
c0 can do as they wish with this profit.
decred could have just had a 25% dev block reward?
This coin is primarily for c0 to profit.
The dev funding aspect is very much secondary.
This is my only concern with decred is the fact that as i understand it
C0 premine is not primarily for paying devs.
what if the value of decred falls below $0.49 ?? the subsidy will not be enough.
also the C0 holdings massively inflate Decred's supply this deflates the value for each DCR/XDC/DRCD
and it also makes investors worry considering the massive supply in one hand and the fact that for a while
POS will be harder for the average staker.
Even the boss (Beyondtext) said " the project cannot fund itself unless its exchange rate is well over USD 1.00 per decred."
So as I try to explain $0.49 is far to little to fund this project.