The difference from the point of view of Monero holders is clear: forking now to a reasonable emission, preserving the balances of current Monero holders, or letting someone else fork it, and losing all our balances.

Our oversize balances as a result of premine are the very reason why the next generation will fork it. Every time anyone of us buys more coins, he should feel bad. He is making it less and less probable that the coins are worth anything.

It's like CK gold - as long as I held it all, it was worth exactly as much as anyone else's dream about a game where he can be a king. It's only the characters and the game economy that give value to the gold. The instant the influx of characters slowed, the price of gold dropped to 50%. This does not bother me. What would bother me if all the gold ever existing in the game would be sold to a few players for this pittance, because then there would not be new players willing to enter this game, rather they would take another one where the world is still young.

I hope that Monero would be the coin that speedily embraces this understanding, but if I am wrong, I am ready to move on, like I have done with stocks, silver and bitcoin.


This is a side effect of taking the long term reasonable decision of cutting it.