Block Reward [Developers]:1 * e^(-0.00000059 * nHeight * [Chain Time Modular]) + 0.04
And with that... this coin is dead to me.
Too bad, was a damn decent idea. Sad to see it abused by another greedy developer.
I hope CoinShield is the first coin that this project tried to destroy, lol.
I checked this at length earlier in the project, here is how it works out (1.6-2.7% which averages to about 2% over all)
https://bitcointalk.org/index.php?topic=657601.msg7409023#msg7409023you could easily say a good dev team with a good project would still profit without an ipo/premine/etc.
Exactly, we have worked out a model that requires no taxation, premine, ipo, instamine or anything of the kind for Bitmark, discussed it at length and adopted it. There are other ways.
We could not implement taxation as it would break compatibility with existing software which we cannot do on our own project, so had to abandon it.
However CoinSheild does not have this problem as it is innovation focused with no backwards compatibility to be concerned with, so taxation will work here.
I personally feel sub 1% (0.25% even) would be better, but 2% is not so bad, and if it does not become hugely successful there is nothing at stake, value will be earned here through hard work which is the most important thing.