A similar idea was already discussed in Monero. Fortunately it was rejected, but they're still looking for changing this to remain with a 1% annual perpetually. I apply the same rume: introducing a change like this can be harmful for reputation of the coin. This is the type of the thing which should be decided at the coin's launch, instead of changing lately. Changing the rules of the game after it started is not good.
Well, there are two things there. Firstly: several core team members (myself and tacotime specifically) made it clear that we would not be changing the social contract, and if we were vetoed and the emission curve was changed we would be leaving the project. This was not a strong-arm tactic, it was because we couldn't, in good conscience, continue to support a project where the social contract is negotiable.
Nevertheless, we have always stated that we would likely add a tail emission to preserve mining incentives (we may not entirely agree with every conclusion Nicolas T. Courtois has made in his Programmed Self-Destruction of Crypto Currencies paper, but we do concur with section 5.3 on the dangers of ever-decreasing mining rewards). Just in case this is ever in doubt, our OP on Bitcointalk in May of 2014 (the earliest scanned by archive.org) already detailed this tail emission under the "Max Supply" note. So our implementing it is not a new idea, and is not in question - we always planned on this probability, and were always public about it.
Well said!
thats why I like Monero, ethics and sound math, code is being worked on, the only anonymous crypto worth any money/attention.
respectfully disagree.
SDC has everything anon-wise XMR has, according to ur own dev smooth.
That would be true if the implementation were as mature and well-developed, and if you continue to follow our research lead on how various edge conditions in cryptonote need to be addressed.
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the diffs r that SDC is a BTC fork so is ready for B2B use toady with a gorgeous GUI wallet, something Monero users have long wished for.
I believe the phrase "magic wallet" has been bandied around thr XMR thread. what is the ETA btw?
I believe the phrase "magic wallet" has been bandied around thr XMR thread. what is the ETA btw?
Monero has at least five GUI wallets. If you want one, you have no excuse for waiting. Very few people use Bitcoin Core as their GUI wallet any more; the real action in user-friendly wallets is competition and third party developers. That applies to Monero and Bitcoin alike. As with Bitcoin, the core team is focusing on the core technology first and foremost. I'm glad we have done that rather than be distracted by pretty wallets.
The five GUI wallets r "unofficial" iirc i.e. not released by Core Devs
But getting back on point:
You did say that SDC was like XMR (NIZKPs, ring sigs etc)
and the fact remains it is a BTC fork and much readier for B2b than XMR as of today.
Do u disagree?
