Quote from: mhps on August 30, 2014, 06:40:30 AM

Quote from: Groko on August 29, 2014, 07:11:53 PM

From the charts you can see that back in November inflation was hovering around %300. Now it
is hovering around %100. That's a pretty dramatic drop if you ask me.

Super, Groko. A chart is better than one thousand words.

The "last year" chart shows that inflation dropped down as money supply increases in an approximate 1/x relation. This is because that the money creation rate has been more or less constant, so the down trend of inflation is mainly due to increased money supply. Inflation has decreased a lot but the speed of decrease inevitablly slows down, as it gets more and more difficult to increase money supply by hte same percentage as the base grows.

If we just wait, not considering POS, inflation will go down to ~50% pa next year. But every holder of YAC will be worth 50% lower in terms of owning how many percent of YAC money supply. If we wait for 9 years, inflation will go down to 10% (inflation of bitcoin is 10% today), but the value of YAC asset you own today will take a 90% hair cut because the money supply will be 10 times bigger. It will take about 30 years before POW inflation equals to that of POS. Before inflation goes down, YAC will have downward pressure from miners who have huge loads ready to dump.

Anyway high inflation sacrifices early owners' interest and favors late comers. The community has to understand this.

Distribution looks exactly as planned.

If you bought a pile of YAC early on of course your % holding will decline as time goes on and the total amount of YAC increases. If you are a supporter of YAC you shouldn't just have bought once and sit on it, you should be continually mining thereby increasing your actual amount of YAC (so % may stay ~ the same)(which also supports the network...you know that little thing of some importance...) or keep buying. YAC wasn't released like a company stock offering with a fixed total number on day1.

Only reason miners today are getting a great number of YAC/day than 6 months ago is that there are fewer miners. That isn't a problem with teh code that is a side effect of there being 100000 coins and YAC being somewhat out of teh headlines. There is a full pie to share each day to however many miners are mining. If more miners return then individuals get less.

If you want to support a coin where only the first wave of miners get a a majority of the rewards then you should just stick with Bitcoin or Litecoin.

YAC and the scrypt-jane algo is pretty great as the algo has seen the rise and fall of different mining equipment allowing different groups of miners to come and go. Now some of the best mining equipment are cheap crappy GPUs that happen to have a fair amount of memory...that's a great equalizer in comparison to the current ridiculous arms race of SHA and SCRYPT mining. Soon CPUs might even get back in the game so there might be further surprises ahead. I like it!