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> designed the emission schedule to give majority of holdings to very early adopters And nearly every single one of the thousands of altcoins tilt the rewards
by tromp 5y ago
> designed the emission schedule to give majority of holdings to very early adopters
And nearly every single one of the thousands of altcoins tilt the rewards to early adopters to a greater or same degree as bitcoin. Sadly, there is very little interest in minimizing the concentration of wealth...
- DennisP 5y agoSo far, rewards to early adopters have been the way to bootstrap a currency that's initially useless because nobody else uses it. Bootstrapping without that incentive would probably require promotion by some major entity like a central bank or FAANG company, which is likely to involve centralized control by that entity. I'm not convinced that's an improvement. Maybe there's a better way. Any ideas?
- tromp 5y agoMake emission more gold like, i.e. linear in time, with a constant block subsidy.