Ninjastic
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Board Speculation (Altcoins)
Re: [AEON] Aeon Speculation
by
Febo
on 10/04/2018, 13:07:22 UTC
Quote from: SparkIt on April 10, 2018, 10:46:46 AM
Quote from: chennan on April 10, 2018, 01:45:28 AM
Quote from: Febo on April 09, 2018, 10:27:14 PM
Quote from: SparkIt on April 09, 2018, 07:45:46 PM
For 8 months the issue was 1100 coins. Max supply marked at 18,4 million coins. That is for 8 months 6% of volume was mined. Given a meager sales volumes, but a large drawdowns, I conclude that Aeon emission is too large and don't give the price to hold at high values.
For example, during the same period, less than 2% BTC was mined.

Yes 1.1 million AEON was mined in last 8 months. What was not that huge, was way more in first 3 years. But emision is drastically slowing down. There will be way less mined in next 8 months. and then even less in additional 8 months.


Actually in last 8 months 750k BTC was mined. So is not that much off actually.   Bitcoin emision increased 4.4% in last 8 months. AEON emision increased 7% in last 8 months.  That is a difference but not drastic. And AEON will catch BTC before next BTC halving for sure.

What’s more intriguing is the fact that there is the 18.6(?) limit of coins plus tail emission to account for with both AEON and Monero. So you can compare the emissions with both BTC and AEON/XMR, but you must keep in mind that 18.6 mil cap.

What will happen to the coin when the supply reaches the limit?
Will the Aeon network able process transactions without miners?

I understand that this isn't the new question, and it's relevant for any POW-coin. Where I can read reflections on this?

With this fork that comes now with rebase we will also add tail emision. So when we reach 18.6 millions coin I think will be in 2024, there will be small tail emision in every block to prevent that network will ever get out of miner reward. What will eventually happen in Bitcoin and most other PoW coins.


@bbc.reporter

I dont know if AEON is big enough tat anyone built ASICS for it.  In future since developers said they will fight ASICS with changing mining algorithm I am sure no one will even plan doing one in future.   It is just unneded risk. They will rather focus in coins where developers dont care about ASIC mining. There are plenty such coins.