can anyone answer to this
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i recently have had some doubts about the current supply of 14,383,080,442 XVG. Not that it is too much, but i think we are to close to the maximum supply. We mined in last 5 month 1 billion coins, if this will continue, the mining will end in 2 years from now. Where is then the reason to mine that coin and invest computing power to it? The only reward will then be the transaction fee? Where does this lead? Can somebody answer this questions? I have a big bunch and will hold it anyway, but i fear the network will get slower then or even get stuck? To 16,555,000,000 XVG is only to billion left. If verge gets now more popular, the mining mighjt get even faster. Where and when does the difficulty adjust and how does it ensure that miners will not leave the network? Is there an overview of expected behavior of the network for different scenarios?
thanks
1 billion in 5 months? where did you create that figure from?
714,000 to 2,124,000: 1,560 coins <- we are here
2,124,000 to 4,248,000: 730 coins - this is next
a few of us were brainstorming the other day in our discord chat, and came up with about 7 years left of proof of work... (before the block reward becomes transaction fees)
I remember me starting with verge mid/end of august, it was at 13.8 billion (coinmarketcap)
And in that time i also have seen a video (uploadee 19.07.2017) where is mentioned that there are 3 billion left to maximum supply... 19.07.2017 to 15.12.2017 is roughly 5 months... and now we have roughly 2 billion left... maybe the numbers are not absoultely correct, but even if they are wrong, 7 years seems to be wrong as well and little much optimistic.