Re: Why the bitmonero/monero Ninjalaunched Cripplemined Fastmine matters
monero had ~750,000 coins mined the first 4 weeks (btc ~210,000) which is way faster than normal but i would not say instamined per se. but when does a instamine end and a fastmine begin?
i think a cripplemined fastmine best describes monero.
i think a cripplemined fastmine best describes monero.
720k Moneros was issued in first 30 days. Exactly as it was scheduled. If it would less, price would go even higher. Remember that price hit 0.01 after 60 days at end of June 2014. If emission would be slower, ATH would be way higher. This emission curve was just perfect. So you can easily name it as a perfectmine.
If you want to learn more about XMR emission compared to BTC, you can check this spreadsheet. https://docs.google.com/spreadsheets/d/1qXi7zUSIh7F6UuSuhOryyFbHEy_LJuym3I3neAga_2s/edit#gid=239466694
I started mining about on day.40. As you see from spreadsheet on day.40 daily emission was about 24k XMR. On first day emission was 25.3k XMR. So not a huge difference. And on 40th day every miner was allready mining Monero. Difficulty was already so high i barely got any. Probably would get more if would mine few months ago.
so a cripplemined perfectmine?
that makes sense, how about a cripplemined fairmine? that's totally not contradictory right.
Or a cripplemine as planned mine--which means there was no "accident" that shot out a couple million coins in a day and it wasn't followed by a coin reduction. You're trying to make a comparison between a guy who had a one time affair and Charlie Sheen. Dash is epic in its whoreness--I need a penicillin shot just talking to you skanks.