Quote from: smooth on August 28, 2016, 11:41:37 AM

Quote from: MasterMined710 on August 28, 2016, 03:06:13 AM

do you disagree xmr monero was/is fastmined?

I do disagree, as we have covered countless times on this thread and others. There are numerous fastened coins that distribute all their coins in a few weeks or 50% per month or even 50% per six months.

With 50% every 18 months, Monero is somewhat faster than Bitcoin, offset by the fact that it gets slower than Bitcoin later, when the rewards stop dropping in half every 18 months, but Bitcoin's continue dropping by half every four years until reaching zero.

Quote

what would you call it

A PoW-distributed coin with half of the remaining supply distributed every 18 months, plus a perpetual maintenance reward.

Whenever I have described it that way to people, I've had not one single person respond by calling it a fastmine. They might reply that it is slightly faster than Bitcoin or just consider it okay and reasonable and not comment further at all, one or the other.

so this thread is the first time you heard monero called a fastmine? because i've always heard it called a fastmine in the forums going back long before i even knew of monero.
i definitely wasn't the first person to call it fastmined but it is what it is.

it seems very fast to me when compared to normal pow coins.
you say "slightly faster" but i pointed out it was actually 3+ times faster the first 4 weeks. only one of those statements is factually correct...

Monero has a highly inflationary emission curve where around half the coins were mined in the first year and will have "Roughly 86% mined in 4 years".

By comparison, Bitcoin is almost 7 years old and only has 75% mined. It will take them another 4+ years to get to monero's 86%.

So it will take BTC & LTC ~11+ years to get to ~86% and monero only 4 years. It will take DASH ~ another 20 years to get to 86%.