Why am I such a big fan of Stake per RAC? Because of our emission schedule:
http://wiki.biblepay.org/Emission_ScheduleMonth-Year Block Emission Monthly Emission Total Emission
12/25/2017 12,313 74,613,750 274,613,750
12/20/2018 10,270 62,237,714 1,087,306,771
12/15/2019 8,567 51,914,467 1,765,200,000
12/9/2020 7,146 43,303,517 2,330,652,413
12/4/2021 5,961 36,120,847 2,802,314,348 <-Half of BBP emitted by mid 2021!!!
...............
12/23/2046 59 359,591 5,150,636,889
Basically, half of our total emissions are in the first 4 years. The next half of emissions takes 25 years!
That is telling you that it is time to accumulate and be patient. But to help traders and investors out through this high emission rate, staking per RAC would REALLY help. As price appreciates and emission tapers we can scale back the amount needed per RAC.
Vote here:http://forum.biblepay.org/index.php?topic=127.0EDIT: Legacy ie., 50,001 per user to get 100 UTXO would be better than staking per MAG because that would also grow the aggregate stake amount with the user base while making everyone stake the same amount. If they are fractional MAG they will always be fractional MAG and their stake amount will never go down like the bigger miners.
Do you wonder why there are no traders posting on Reddit, like "when moon?" It's because traders and investors look at the emissions and feel like they are getting dumped on by miners. It's why I worry that BTC will shoot up while we are still in our high emission phase. And if you are looking for something to trade, what do you look for? You can look for something that is getting positive money flow on a down day. That is how I found BBP. Or you can do what lots of other traders do, and look for something that gains in RELATIVE STRENGTH. Relative Strength is how a particular coin performs relative to its peers. As for biblepay, since I have been in it, our relative strength has done worse. We were ranked in the top 500s of market cap, now we are in the 700s. The fact that we are not outperforming other coins is a message that something needs to be done. Jumping other coins in rank will draw in traders. Traders like stuff that goes up especially since it's not easy to short cryptos.
However, I believe BTC drops by 90% during the next US/global recession. I think the US going into recession, when it happens, will take Asia along with it and likely Europe too. Most of the holders of bitcoin are small investors and they will be looking to sell. If bitcoin drops by 50-70% during a good economic time, how is it not going to drop by 90% during a recession? It's another reason why I like growing the stake amount. To get some good price appreciation before the next recession.
Here is why I think RAC based is a poor substitute for Mag based stake.
Consider where we are at right now, under the corrected coin emission schedule, the Superblock for PoDC should be roughly 1.4M BBP/day. Right now, to make 10% of that would require (in round terms) 200K RAC for a 100 Mag (based on a "current" Team RAC of about 2M). So 50K/ Mag (which along with 10K are leading the Mag voting) would mean 5M BBP to make 140K BBP per day, and 20 BBP/RAC (the clear cut RAC leader) would mean 4M BBP for the same reward. Now, flash forward to next year this time where we'll have (conservatively) 10M Team RAC. The daily reward will have dropped to about 1.1M BBP/day (with a properly working 7 minute timing block). So the same 200K user, will then have a Mag of 20 and need 100K to stake or the same amount (5M BBP) to stake under RAC to get 22K/day.
This means under RAC we're either overly generous to our current users or predatory to new ones in a year. Especially if the price can grow...
Mag will always remain the same cost overall, which is poor because it locks up fewer coins, but the alternative is to me, unacceptable, which is current users like myself get into the PoDC system for a very small percentage of the overall reward. The best system would be the most complex, and that would require staking equal to some multiple of the reward, like 100x or 150x.
