- Exponential decay of mining rewards at 10% every 2100000 Blocks
Why? I never understood this reasoning. By reducing the block reward as time progresses, you are effectively
deterring mining. If this coin becomes very successful (which I hope it does), then difficulty will increase. By reducing the block size while difficulty is increasing you are effectively punishing miners. Go look at the network hashrate/difficulty of CGB. See how it dropped like a rock? Guess what, it is because the block reward got chopped in half. No one wants to mine a profitless coin.
Everyone believes that by decreasing block rewards in the future, you are encouraging early adoption now. This is simply not the case. You are not encouraging adoption, you are just encouraging miners to mine now
and not mine later. It is as simple as that. The success of a coin is directly related not to the block reward but the coin value, and that is related to its actual utility in the real world. If you can't buy anything with the coin then its valueless.
So instead of following the standard protocol of decreasing block rewards, drop it. Its nonsense. The coin will succeed on the merits of its utility and purchasing power. Not the block reward. Make the block reward constant. Take a look at StableCoin. No need to punish miners which join later.
As a NRB miner and investor. I reject your idea of decreasing block rewards. I think its a giant mistake.
