Could someone please explain me this inflation thing? How is this gonna look?
Hey tangle,
with the current coin specifications the last block with a block reward will be block 1,913,379. This block will be mined in a bit less than 2 years, the total number of coins issued is then 7,777,777 (a bit less than 8 million coins). Every block from block 1,913,380 on has no more block reward. Miners will still get the transaction fees, of course.
The idea about the inflation is to guarantee a minimum block reward also for the blocks from 1,913,380 on. In discussion is an amount of 0.075 FZ per block, which sums up to 78,840 FZ per year (365*24*60*2*0.075 FZ). These 78,840 coins are about 1.01% of 7,777,777. So in effect the total amount of coins would grow each year by about 1.01% (measured against the 7,777,777). In frozentalk.org has a discussion about the inflation started. Hope this clarifies the situation a bit...
@TheMightyX: on the one hand I kind of agree, that it is futile to announce things, which not necessarily come true. On the other hand I think it is fair for users investors to see, that there may be a small change in the coin specifications...
Many greetings
trenton
