OK... when dump rage will stop
When mining rewards go down again.
How much the current block reward?
293 going up to 500 and then declining again
Thanks for the info, is there any estimated time till next round?
You can actually see it here pretty good:
https://github.com/lbryio/lbrycrd/blob/master/src/main.cpp#L1602-L1619That means we're going up 1 coin every 100 Blocks until we reach Block 50000 where we'll be at max reward and from there on we'll be declining again.
So, yes, expect (much) more dumping until the rewards fall again.
So next, let say, one month will declining again?
let's just say that we are half way through with the inflation so in about 30 days we will hit max inflation. So there will be like 9-10 million coins in circulation by block 50000. Right now, every 5k in price is 25% decrease in value sooooo It will become harder and harder to push it down imo. Oh and I'm pretty sure people will start hoarding their coins long before the inflation stops.
I don't really worry about the pre-mine. Think of it this way, eventually if this project does work out well and they can snag up a couple of Major Hollywood distributors like
MGM, Sony, Universal I think LBRY giving them like 2-3 million coins would be good so they can really snag up their legitimate links.
The future is bright for this coin, I'm mining and going to be buying on the dips. This coin has a serious future.
Don't think price now, think price when a shit load of real movie/music companies pump the shit out of lbry.
Don't Panic. This is LBRY's future.
and for those talking about 1.2 billion coins, that's like after 20 damn years.
