So what's the rationale for this block reward system? (11111 / (((Difficulty+51)/6) ^ 2))
As I understand it, the TOTAL distribution per unit time will come crashing down as network hashrate goes up. Not to mention each miner is getting a tinier slice. That's rather discouraging.
Apart from Darksend, I think this is the best feature of the coin. All other altcoins become diluted if they doesn't become a instant success like Dogecoin.
So the early adopter edge becomes even more overwhelming? Nice way to kill a coin. An exchange medium is only worth something if others agree and also have a stake. We'll just end up a small group of hoarders waiting around for something to happen. Reminds me of QRK.
QRK? There are like 81 out of 84m coins to be mined.
At, say, 10.000 coins per day, in the next year a further 3.6m coins will be mined.