3 ms·
This is misinformation, Shibes. Mean (random) block reward halves every 100k blocks for the first 600k blocks, after which it will be 10k reward indefinitely.
by lvs 13y ago
This is misinformation, Shibes. Mean (random) block reward halves every 100k blocks for the first 600k blocks, after which it will be 10k reward indefinitely. The first halving will happen in less than two weeks, at that point, 50b doge will have been mined.
Within the year, it's estimated that nearly 100b doge will be mined. The block target is 1 block/minute, so it will take about 20 years to reach 200b coin in circulation, assuming no irreversible coin loss.
As such, this is nowhere near the "trolling" and otherwise apocalyptic event that the wolves on HN are claiming. It's actually surprisingly sensible economic policy.
Edit: I'm actually a bit disappointed that HN seems to be having such a hard time figuring out how this works.