A 10% develepor reward? Every dev deserves a cut, but 10% is silly. It's also short-sighted because a smaller reward of 1% to 3% would actually end up being worth more than a 10% reward, because you're going to lose a lot of interested parties. No one seems to understand this math:
10% of something no one wants to touch << 1% of something people will actually adopt because they don't need to fear dumping
EDIT: Part of what makes this so stupid is that, with a 1900 initial reward and 2 minute blocktimes, it's going to take well over 2 years for 100 million coins to be mined. Developer reward is 100 million coins.
THIS MEANS DEVELOPORS ALREADY HAVE MORE THAN THE TOTAL NUMBER OF COINS TO BE MINED OVER THE NEXT TWO YEARS. Think about that. They will still control almost 50% of this coin two years from now (technically, they will control 40% because of bounties). Is that something that's going to have any value on exchanges? Why will anyone buy this coin in 2018 or 2019 if you guys hold 40% of it?
Hi There,
There is no ICO or whatsoever. Any kind of costs, developments, researches, marketing costs are with us.
Further, we aim to run this project long-term and have no intention at all to cause a market crash. As you know we are humans and are driven by a monetary owned society - Call the 10% premine motivation fund, sounds less brutal. Trust is important & required in Crypto to some extend, we are all aware of that.
Anyway, thanks for your input & time
For the math, How did you calculate 100 million coins? This 100 million coins will be mined within 70 days - not two years.
in two years about 650 million coins will be mined which means our part will be around 15% 