Quote from: rijk on April 23, 2021, 06:16:28 AM

Interesting discussions after I was here last time. Some Bitcointalk slang too, of course, but that's part of the game.

I just wanted to clarify what exactly the plan is regarding the supply and reward adjustment.

As you can see on Github, the supply adjustment is already in the code, so only the rewards / halving needs to be added. We are following the advisory board and our intention is to adopt this adjustment as well. However, we need to find out what the possible consequences of this drastic change are. That has nothing to do with our opinion. Our job is to do what the majority of users (community) want.

What we need to find out is, above all, the Witness/Mining ratio. In the design of Witness, no account was taken of a situation where Witness gets more than Miner. Economically that may be very good, but in terms of security and stability it should be too. We are going to look into that and if it turns out that there are significant risks then we will feed that back to the Advisory Board. If there are no significant risks, we will, of course, implement the change. This has nothing to do with the dev reward, which can be adjusted.

At the moment we are in the middle of the Witness Sync development, which will mean a huge improvement in terms of synchronisation. We hope to be able to test it this month and start working on the reward topic immediately after Witness Sync.

This research will not take months and the implementation in the code is not very complex. The change is planned for August.

At Novo, such changes have already been made and will come into effect around the summer. The reason why the change was made so easily there is mainly because Novo is still very small. So if something still needs to be changed, it can be done easily. We often test something with Novo first, and then apply it to Gulden. That is the advantage of being able to efficiently maintain two projects.

I suspected Novo was created as a beta test for Gulden, if its not delaying development on Gulden most will be happy with making sure Gulden is safe. Thanks for all the work you and your team do Rijk.