Re: ★★ DigiByte ★ 极特币★★ [DGB] ✈ ✔ v3.0.3 proposed update now out!
Remember a few months ago when the algo change happened? The block reward was about 7647. Now it's about 6917. That's about a 10% drop in block reward over three months. Now there's a proposed change to make the block reward 2435 and then only drop 11-12% over the course of a whole year!! That's a huge slowdown to the reduction of the block reward and may result in a slight increase in value in the short term, not the long term.
If left alone, the block reward would hit 2435 in two years. And would continue to decrease faster than the new proposed change. This means that with the new change, in two years DGB will be adding coins to circulation FASTER than if they left the block reward as it is now.
If left alone, the block reward would hit 2435 in two years. And would continue to decrease faster than the new proposed change. This means that with the new change, in two years DGB will be adding coins to circulation FASTER than if they left the block reward as it is now.
Excellent analysis.
I'm also inclined to agree with you on both the motives for catering to short term anxieties, and the long term negative consequences of doing so.
I hadn't realized this would happen. Once again, thanks for this extremely important comparative analysis. Great work!
So we assume more adoption in 2 years. That also means that the daily coin production will be much smaller relative to the daily trading volume. Therefore, the new production rules will help now but don't hurt later.