How will reducing the block reward affect the overall supply of free HOdl?
Much of the supply growth over the next year is locked in and unaffected by mining.
Reducing the block reward will not have s significant effect on current supply but will
slow the growth of TDs which will slow the growth beyond one year.
I don't see a connection between the problem (low current price) and the proposed solution.
It still makes no sense to me conceptually but some numbers may make is clearer. Unfortunately
I don't have the numbers.
I also object to the proposal to change the block reward as a violation of HOdl's specifications. which
include a plan for block reward reductions and a declaration that it is "set in stone".
[stuff snipped]
Subsidy: 50 HODL subsidy per block
Halving: Every 4 years
Mining Supply:Total of 81,962,100 HODL will be mined
Interest Supply: Between 150,000,000 and 500,000,000 HODL will be paid in interest to HODLers
Fixed in Nature
The POW Algorithm considered a technical detail and is subject to change to favor CPU and consumer grade hardware with the intention of keeping mining participatory and distributed.
ALL OTHER PARAMETERS ARE SET IN STONE. There will be no changes to mining subsidies, interest rates, distribution etc.
This alone nullifies any proposal to make changes to the mining subsidy or any future proposals to change the parameters of this coin. Other than the mining algorithm.