If we stop mining at 2m the premine is too big. If we keep on mining it's too inflationary (as of now we have a 4.4599% daily inflation).
What do you guys think of forking the reward to 1 shift forever and making it pos/pow in a few months?
Have had the thought of lowering the block reward. What you need to do is research the implications. You need to fully understand what it does and what effect it will have. You could also think about raising the block time.
Regards
EDIT: so far about 11 000 of the premine have been spent on bountys(only). What people do with the bountys we can not control.
Mined so far, estimated: 165 000
The premine is split into two groups:
-
50k coins are for
internal development (block explorer, wallet, design, hosting, website, etc.).
-
200k coins are for
external dapp development.
We know the premine is big, but if we were looking to sell everything of it, we would have done so already and be long gone. As soon as the block explorer is ready we will publish the addresses holding the premine for complete transparency. If needed we can also publish a detailed list how the premine was spent so far.
In the future there will be a strong involvement of community votes on how to handle the funds.
The truth is we can't compete with Ethereum's prestige or their 15 Mill. funding.
We want SHIFT to grow and there is no other incentive we can give except offering bounties.
