While I do feel ADN holds some promise, i am i little concerned about the coin release schedule.
Specs provided:
84,000,000 ADN
50 ADN / block
30 second block target time
840,000 halving
Given these specs, that is 100 ADN / minute or 144,000 ADN per day.
The block reward will halve in ~292 days (840,000 blocks / 2 blocks/min / 60 min/hr / 24 hr/day).
At this point there will be 42,000,000 ADN in circulation!!! (840,000 blocks * 50 ADN/block)
This high influx of coins will flood the market and drive the price down as it is no longer rare. The block rewards either need to be reduce more quickly or the block target time needs to be increased to 2.5 minutes as in vertcoin.
Feel free to check the numbers yourself.... i hope i made a typo.
max is 84m regardless, We might just get there a little faster.
Other note, check out this logo
http://i.imgur.com/9wR4cEt.jpghi,defaced,
I also think that The block rewards either need to be reduce more quickly or the block target time needs to be increased to 2.5 minutes as in vertcoin. I think you should think about it very carefully.
Thanks!
Doing this now is slightly dishonest and gives alot of coins to the first miners.
I suggest that the block reward will halve in 210,000 blocks (Instead of 840,000 blocks),
Doing so does not result in unfairness, while keeping prices stable。
+1
+1
The Point is that we have actual no merchant or something else what we can do with our coins.
they are flooding the market with our coins every day, so miners which are selling his coins directly maybe are lucky,
but what will the future bring us ? (shareholder and miner from the beginning)
ADN is accepted on ALTACCEPT.com a new payment processor that is working on getting new merchants.
This is still not enough infrastructure to outweigh the rate of current mining.
I agree with a faster reward halving, but it needs to be done more thoughtfully.
This is the current distribution:blocks reward coins total coins time (years)
840000 50 42000000 42000000 0.799086758
840000 25 21000000 63000000 1.598173516
840000 12.5 10500000 73500000 2.397260274
840000 6.25 5250000 78750000 3.196347032
840000 3.125 2625000 81375000 3.99543379
840000 1.5625 1312500 82687500 4.794520548
840000 0.78125 656250 83343750 5.593607306
840000 0.390625 328125 83671875 6.392694064
840000 0.1953125 164062.5 83835937.5 7.191780822
840000 0.09765625 82031.25 83917968.75 7.99086758
At 210,000 block reward halving you run into a convergence on 21 M coins, not the desired 84 M:blocks reward coins total coins time (years)
210000 50 10500000 10500000 0.199771689
210000 25 5250000 15750000 0.399543379
210000 12.5 2625000 18375000 0.599315068
210000 6.25 1312500 19687500 0.799086758
210000 3.125 656250 20343750 0.998858447
210000 1.5625 328125 20671875 1.198630137
210000 0.78125 164062.5 20835937.5 1.398401826
210000 0.390625 82031.25 20917968.75 1.598173516
210000 0.1953125 41015.625 20958984.38 1.797945205
210000 0.09765625 20507.8125 20979492.19 1.997716895
210000 0.048828125 10253.90625 20989746.09 2.197488584
210000 0.024414063 5126.953125 20994873.05 2.397260274
210000 0.012207031 2563.476563 20997436.52 2.597031963
210000 0.006103516 1281.738281 20998718.26 2.796803653
210000 0.003051758 640.8691406 20999359.13 2.996575342
210000 0.001525879 320.4345703 20999679.57 3.196347032
210000 0.000762939 160.2172852 20999839.78 3.396118721
210000 0.00038147 80.10864258 20999919.89 3.595890411
210000 0.000190735 40.05432129 20999959.95 3.7956621
210000 9.53674E-05 20.02716064 20999979.97 3.99543379
210000 4.76837E-05 10.01358032 20999989.99 4.195205479
210000 2.38419E-05 5.006790161 20999994.99 4.394977169
210000 1.19209E-05 2.503395081 20999997.5 4.594748858
210000 5.96046E-06 1.25169754 20999998.75 4.794520548
210000 2.98023E-06 0.62584877 20999999.37 4.994292237
210000 1.49012E-06 0.312924385 20999999.69 5.194063927
210000 7.45058E-07 0.156462193 20999999.84 5.393835616
210000 3.72529E-07 0.078231096 20999999.92 5.593607306
210000 1.86265E-07 0.039115548 20999999.96 5.793378995
I think the optimum coin release schedule involves a combination of variable block reward halving times along with a minimum block reward of 3.125:blocks reward coins total coins time (years)
210000 50 10500000 10500000 0.199771689
420000 25 10500000 21000000 0.599315068
840000 12.5 10500000 31500000 1.398401826
1680000 6.25 10500000 42000000 2.996575342
3360000 3.125 10500000 52500000 6.192922374
10080000 3.125 31500000 84000000 15.78196347
The original distribution period was 8 years, this method increases that time period to 15 years. However, you can see that it bottlenecks the coin distribution to 42M coins in 3 years rather than the original plan of less than 1 year.