Post
Topic
Board Altcoin Discussion
Re: [BMR] BitMonero emission curve change (proposal)
by
smooth
on 26/04/2014, 21:12:40 UTC
Are  the BitMoneros supposed to be send back to community if those BitMoneros were bought from miner?

Yes they are. It doesn't matter where you got them, we are still asking everyone to donate half their coins, and if that is done, the total number of coins being created will also be cut in half.

Please understand that you are not losing value by doing this. You are reducing the number of your coins, but the total number of everyone's coins and newly mined coins is also being correspondingly reduced, so each coin should be worth about twice as much.

If double the intended number of coins weren't being given out, you wouldn't have been able to buy those coins at that price. They would have been more expensive (roughly twice as expensive, most likely).

There is an obviously relationship between the number of coins being given out and their price. Look at coins that pay out a million coins per block, their coins are obviously worth much less than similar coins that pay out 10 or 20 coins per block. it's all relative.