But I'm ok about emission change in case majority will agree. I'm just against existing balance changes. Not because of my personal balance (in case we will change emission I will send 50% of my balance for giveaway) but because other people balances aren't to be changed without their own decisions.
If you cut the rewards in half then the value of existing coins double. This is exactly the same as early adopters voting to grant themselves matching free coins, which close to the definition of a premine. You recognize this and that's why you are volunteering to donate 50% of your coins. I volunteered to do something similar during the meeting (there is a log somewhere so this can be verified). But a voluntary system like that won't work because there will likely be greedy short-sighted people who don't do it.
If we have a public donation process and we get virtually all the early adopter coins donated this way, then it could work. But if not then this will not work.
Emission formula can be changed the way that will not result in immediate halving block reward but still will change curve slope. This way previous coins will not be considered as instamine and curve will be much better. Actually the effect of such a change will be that block reward descrease speed will be a bit faster. Is this a solution?
Sounds plausible, but I'm not sure. You still may end up with a lot of coins going to early adopters. If you don't cut the rewards quickly and significantly, then its more and more coins continuing to go to early adopters, making the problem worse. We considered increasing the cap as a solution, but that means exceeding the size of uint64 for atomic units. That seemed like a mess.
There are certainly all types of curves though. We can consider alternatives.
Can you post alternatives you consider plausible here?
Here's one idea on fixing the emissions without adjusting coin balances.
We temporarily reduce the emission rate to half of the new target for as long as it takes for the total emission from 0 to match the new curve. Thus there will be a temporary period when mining is very slow, and during that period there was a premine.
But once that period is compete, from the perspective of new adopters, there was no premine -- the total amount of coins emitted is exactly what the slow curve says it should be (and the average rate since genesis is almost the same as the rate at which they are mining, for the first year or so at least).
This means the mining rewards will be very low for a while (if done now then roughly two weeks), and may not attract many new miners. However, I think there enough of us early adopters (and even some new adopters who are willing to make a temporary sacrifice) who want to see this coin succeed to carry it through this period.
The sooner this is done the shorter the catch up period needs to be.
?). I guess i can't be a miner