Quote from: lda1000
Thanks.
Q1: Will the main chain start from height 1?
Q2: What do you mean transferring of balance to the RC1? Will the dev be sending from his account to the addresses from the snapshot?
Q3: What about block rewards?
i.e: 0-499k 0 SEM, 500k-N 5 SEM, etc...
1. RC1 will start at block zero.
2. All balance from beta block #86400 will be transferred to RC1 network. This will come from dev account. See Ann page 1 for dev fund allocation.
3. RC1 block#0 to #500,000 -> 0 block rewards, only tx fees
RC1 block#500,001 onwards -> 2 sems for block rewards
Do I read this right? We gonna have 0 block rewards for almost half a year?
Also it would be needed to burn another 1000 SEM to become a validator again?
Yes that's 1/2 a year.
Having no block reward for 1/2 a year seems very odd. There really won't be any incentive to run the wallet and mine. Transaction fees won't be enough, just look at what a disaster NXT was (despite having awesome developers and software).
What is the reasoning behind the no block reward decision?
When and how is the next round of distribution happening?
I'm still running this and I'd imagine a lot of others are going to as well.
