I have checked using
http://www.timeanddate.com :
Genesis block : Sunday 02 June 2013
Up to block 87777 theoretical time for a block was 3.42 min hence : for 87777 x 3.42 min = 300197 min = 5003 hours
Sunday 02 June 2013 (noon) + 5003 hours (208 days, 11 hours) = 27 December 2013, 23 h 00 m 00 theoretical
In practice block 87777 timestamp is 2013-10-31 05:37:47
Hence two months in advance, probably due to diff too low in begining and/or attacks when diff adjust was like litecoin.
Taking 31 october 2013 for block 87777 and adding 257343 (actual block) - 87777 = 169566 blocks of 3 min each :
2013-10-31 + 8478 hours (353 days, 6 hours) = Sunday 19 October 2014, 18 h 00 m 00 (today)
--> hence I conclude the diff adjustment using KGW is on time even if having highly variable block time.
So there is no problem and not a million coins will be burned like you said in 2014. We are 49223 blocks = 246115 ANC before the halving reward, the date of halving is about 30 january 2015.
Does anyone have a chart of the total number of ANC in circulation as a function of time?
I could be wrong, but I think that about 300,000 coins have been minted in the past couple months in relation to the difficulty algorithm problems. If that is true, we will burn through a million coins (1/3 of total supply) by the end of the year.
