Another thought,
There are still lots of hempcoins left to be mined. I think this was really good. We can now extend the POW mining period for a long time. My thought is to decrease block reward to 10 coins for the next 3 years. Then 5 coins for awhile. Then back into a block halving.
I see some benefit to allowing miners to successfully mine coins for many years without there being a thought that they "missed out" because they didn't mine earlier.
future years on current schedule:
1 -> 62.5
2 -> 31.25
3 -> 15.625
4 -> 7.8125
5 -> 3.90625
6 -> 1.953125
7 -> 0.9765625
...
10 -> pretty much 0
I think cryptocoins are still 3 to 5 years away from being something huge. I want there to be something to mine at that time when hempcoin really needs POW miners.
I think halving is kind of a dumb idea. Why do people do it? at some point when we get down to 1 coin block reward it should never go below that. There should be a point where block halving stops. Sometimes people even increase the block rewards.
Are you thinking that we should drop the POW block reward and extend mining more evenly over the next 20 years?
If it takes 5 years for THC to get popular... POW mining would look like a scam to me. After 10 years POW is just stupid. Better even out the block rewards over the next 15 years and have minimum 1 coin reward for the next 100 years.
Yes I think have it more evenly spread because once crypto is mainstream there will be no mining left for THC.
THC is a valuable thing. We have to be smart about planning a 5 year, 10 year, 20 year, 50 year mining payment schedule.
I think there's something like 110,000,000 coins left to be mined. The non competitive low mining difficulty is already a large early adopter bonus.
assuming 500,000 POW blocks a year I like:
5 years at 10 coins = 25,000,000
+
10 years at 5 coins = 25,000,000
+
20 years at 2.5 coins = 25,000,000
+
that leaves 70 more years at 1 coin block reward.
