Its a good way to prevent sybil attacks and let the network grow slowly. Senior participants have only 1 invite per round, and some of the invites you give are not validated. So we are growing super slowly.
Overall the system is quite nice. And is something new! i'm so bored of the same ideas again and again in the crypto - altcoin space.
Overall the system is quite nice. And is something new! i'm so bored of the same ideas again and again in the crypto - altcoin space.
https://scan.idena.io/rewards?epoch=26#rewards
https://scan.idena.io/identity?identity=0xcbb98843270812eeCE07BFb82d26b4881a33aA91
In fact there is one person who invites more than 1 person per validation. Only during this epoch he received reward for 12 successful invitations.
Don't you think that 36 million coins from premint is enough? Could dev team let this network grow organic? 12k coins out of 41 472 (51 840 * 5 * 0,16) that was intended for rewards for successful invitations. That's 30% for dev member who give invitation code for everyone who ask on telegram. He does not even care to who he throws them because he has no limits. I have to examine every person to make sure he will not waste my invitation because i have only 1. If you think that network will grow too slow than give us 2 invitations per epoch instead of letting one person grab 30% of rewards.
- The premine is awful, i agree with that. I expect a fork / clone of Idena soon enough because of that.
- the rhythm of growing is slow, but is flowing steadily. I have no problem with that (I am 7 epoch old, and I can invite every epoch). Invites will be valuable soon.