cross post, b/c obviously off topic for that thread.
That is a thread waiting for an attack on XMR to come to the surface over the next 5-10 days, or not......DRK = off topic?
lol i guess drk's never really off topic, but it came up in that thread for the last few hours (guess they were just passing the time waiting to see what happens?). I think the conclusion I drew from the conversation was relevant to this thread, as many people in this thread likely don't visit that one.
You make some cogent points, but I'm not sure any of it is really relevant in a scenario where we achieve widespread adoption.
I totally agree, but I guess my sales pitch for wolf0's modifications was trying to encompass the idea that there are people with money tied up in this. personally, I've no attachment to the USD/BTC to drk price, because I'm more technically focused (because again, I agree with you that the utility will make the value). I find the economics hard to skip over in this situation due to the technical and economic relevance to the block reward. I also know that people do have lots of money tied up in this, and even further than that some will be selling within the next month to pay bills and what not.
I don't know that adoption, which in this case i've pegged to buying pressure, will be ready to match a 50% increased emission. I hope it does, and time will tell of course. I'm sure it will eventually. Either way, a 50% increased emission will tend to dilute current holdings in the long term faster than what it was a week ago. Maybe that means something important to someone, and maybe that same person has considered that the fiat/btc value of their DRK holdings is more important in the short term than the long-term value, and is/are considering economic changes that reflect the increased emission.
The point is that, the emission can be reduced by
50%33% right now by purchasing wolf's hashrate optimizations (add: I think). if that purchase is lower than it would cost someone, or a group of people, to wait out a potential downtrend (if it matters to them), by paying a lesser price for wolf's modifications then maybe someone can save money and a good developer can get paid?
one more add: can someone please clearly define the emission schedule for drk? last I read the block reward was dependent on the difficulty, so I'm drawing the conclusion that the recently decreased hashrate has resulted in a lower difficulty, which has increased the emission. Is this still true or haven't I done enough catching up?
j/k here's another: Block reward is controlled by: 2222222/(((Difficulty+2600)/9)^2), so for a 33% max increase here (yes I'm ignoring private miners just for this, the emission goes from 7/8 to a difficulty of ~2904 and a reward of (5.94?)