thanks for your reply
to clarify, when you say
{"mapping has been done to ensure we will have a total number of coins"}
do you mean that the five million maximum will NOT CHANGE? or are you saying that the max cap will change?
please explain what you mean
I suggest that the max cap NOT CHANGE - after a cap is reached, I think the mining (whether it is POW or POS or POW/POS hybrid) should be sustained by transaction fees and other fees but never by changing the cap AFTER a specified maximum cap was stated.
It is OK to have an unlimited supply coin as long as that was the stated policy from the start
But if the initial policy was a maximum cap of a specific amount, then it should remain fixed at that exact specific amount - the software can change but the max cap should never change after it has been advertised - - - just think about the mess if bitcoin decided "now we change software and the maximum bitcoins to be issued is 100 million" that would destroy the very idea of value by fixed deterministic mathematically bounded supply...
to clarify, when you say
{"mapping has been done to ensure we will have a total number of coins"}
do you mean that the five million maximum will NOT CHANGE? or are you saying that the max cap will change?
please explain what you mean
I suggest that the max cap NOT CHANGE - after a cap is reached, I think the mining (whether it is POW or POS or POW/POS hybrid) should be sustained by transaction fees and other fees but never by changing the cap AFTER a specified maximum cap was stated.
It is OK to have an unlimited supply coin as long as that was the stated policy from the start
But if the initial policy was a maximum cap of a specific amount, then it should remain fixed at that exact specific amount - the software can change but the max cap should never change after it has been advertised - - - just think about the mess if bitcoin decided "now we change software and the maximum bitcoins to be issued is 100 million" that would destroy the very idea of value by fixed deterministic mathematically bounded supply...
The issue would be if we reached 5 million coins, the blockchain would stop. We are at 4,889,260 BTA
I have always stated when questioned about the 5 million total, that if or when the time comes we will look at a solution as a community.
We as a community have had much discussion regarding the matter.
Discussion regarding the rate of what rewards should be and how it would affect the overall growth of BTA.
Yes, is the short answer, the amount will change, but the number of users will multiply due to proof of stake not requiring special equipment, so the network will grow therefore the mapping was done to ensure that we can maintain a reward and network growth.
We are looking at long term. The value of $BTA has been in the network, this will not change, but the added value will be the Barter System, where $BTA will replace the trade dollar.
