Can't believe after almost 2 pages of arguing no one has mentioned this.
From .5% chance of a block creating PoT reward to 80%. That is a huge change. Have none of you seen this?
- 8x the output of flutter in rewards from PoT
- added security due to more PoT checkpoints
- 20 FLT set reward rather than half the block reward
- reduced required transaction amount from 500 FLT to 1
Previously the reward would have ended up minuscule, while now it is a set rate and has a much better chance of happening. You're all so caught up in everything that has little relation to the coin itself.
I have read the updated paper and you are right, it does look like good news. But as far as I understand the current state of affairs the paper is a proposal, not a final spec. Not aware of the timeline to transition to this, if there is one yet.
But it is good to see some progress toward making PoT more enticing and a more equal partner in the ecosystem, alongside PoS.