So VIA has not reached v1.0 yet but its total supply is 95%+ already mined to the date of this post. Without putting too much thought into it, I smell unhealthy economics moving forward.
Are you planning to keep it strictly deflationary? Aren't the mining rewards too small to incentivize the miners secure the network?
interesting question. So if most of the coins are already mined..and you can only enrich your coins buy either buying them or mining then what will keep the interest? Not much left to mine...and it is not pos... I dont know how this works, just wondering...
There are quite a few coins out there with full premine (by design): XEM, MAID, SGNLS to name a few. But they either have a proof-of-stake system in place, or an entirely different way to deal with the block security issue.
I'd definitely want to hear an official comment on this matter before taking this coin seriously.
I think due to the merged mining with Litecoin we don't have to worry about a lack of mining power.
I'm not sure how merged mining works. Do the miners have to split their hashpower between Litecoin and VIA, or they can mine with 100% power Litecoin, and securing VIA is a "side-effect" of that work? Intuitively I'd say they will need to split the hashpower between coins, so the same problem of mining incentives still stands (assuming Litecoin has the bigger profit per megahash).
