Hey bizzyb,
I've been meaning to ask you about the block rewards, mue is different in that it has a constant 40 mue per block. what were the thoughts behind this concept? Pros / cons? I see that other coins have decreasing block rewards but mue is different in that the constant reward may give an increased incentive over time to participate, rather than getting in early and dumping before moving on. Any other comments in regards to the maintained block reward?
I think it's a good concept and would like to see it maintained unless there seems to be some unforeseen problems down the road.
Hey
Have you seen how the block reward started?
0.025 MUE reward for first 40,000 blocks (54 MUE/day) - completed
1 MUE reward for next 40,000 blocks (2160 MUE/day) - completed
2 MUE reward for next 40,000 blocks (4320 MUE/day) - completed
4 MUE reward for next 40,000 blocks (8640 MUE/day) - completed
8 MUE reward for next 40,000 blocks (17280 MUE/day) - completed
10 MUE reward for next 40,000 blocks (21600 MUE/day) - completed
20 MUE reward for next 40,000 blocks (43200 MUE/day) - completed
30 MUE reward for next 40,000 blocks (64800 MUE/day) - completed
40 MUE reward thereafter (~86400 coins per day)
I was creating an "anti-coin" really.
Low rewards to put people off that I didn't want involved with the project.
MASSIVE premine (40 million mue)
Long term inflation of "about" 3% PA
http://www.monetaryunit.org/muestuff/slowing-inflation-rate-of-monetaryunit/The name, the acronym, the meanings, the 40 all tie in together
mue/mu means loads of different things in different languages etc such as 40, new skin, not being without, I forget the rest - it all fell in place
On an economical perspective, MOST crypto "pretend" to have value due to scarcity.
A lot of them are like being the very last species specific turd.
You can't force value into something that it's only unique feature is scarcity!
BTC is the crypto equivalent of the current 1% financial bias, as in 1% have the majority of the wealth.
MUE, while yes, there are big holders, unless they continue to be involved, mine, MN, invest etc, their holdings (assuming no increase in the value of MUE) will be degraded by the inherent inflation.
It also means opportunities should always exist for people to get involved, whether it is mining, investing, buying, etc etc
So, no traditional block reward on launch, and an atypical block reward on going (well, for at least the next 130 years or so)
and an attempt to be inclusive hence MUE - me, u everybody.