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.
It's final... Building binaries now and will release them and the code today. As of now, will take effect at block 55K (that may go up to 56k though)