And your implied point is the % of bounties may continue at that rate as the money supply increases, since it was not taken as a premine then we don't have to compare it to the long-term money supply rather as an ongoing percentage.

My 'scattershot' criticism is about the declining nominal block reward, as this shifts more of the debasement earlier than a constant nominal, which has two theoretical disadvantages:

1. The faster the mining reward declines, the more pressure to mine and pump another coin[2].

2. Distribution is declining faster.

If you took the money for development in a premine, then you don't need to 'scattershot' the money supply in order to get enough coins into the core developers pockets (early on) to make the coin a reality.

There are counter arguments of course, but none that I've found compelling. If anyone can't counter, please do.

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Here comes the censorship...