Are there any posts or thoughts on fairness of the XMR distribution setup and how it plays out?
Are there any posts or thoughts on, that the (in my eyes and judged by today) to slow distribution, may hinder adoption, because its slows down natural, organic price development?
I feel very awkward and undecided. For Bitcoin I wish the distribution would have been slower, because it very clearly shaft early adopters over later regular adopters & users.
On the opposite, for Monero I sometimes wish the distribution would have been fast, because I think the current reward schedule with its selling pressure, could hinder adoption & organic price development today (see above).
I ask a myself a easy question, today "80% of Monero will be mined in 4 years" & we are just one year in, would it we better for us, the whole project and vision behind and still be as fair as possible, if reward schedule would be "80% of Monero will be mined in 2 or 2,5 years".
It feels to me like we have to wait alot from now vs. competing coins, where the distribution is faster. (for whatever reasons: Premines, Flashmines, start heavy schedules, ICO, PoS&PoW-combos, ...)
I am interested on your thoughts on this. Thank you for reading.
I think there are two opposing requirements for success of a cryptocurrency:
1) People need time to hear about the coin before fast inflation ends (for fairness)
2) People need to see that fast inflation will end (for adoption)
So you ask about Monero's specific curve.
1) Is 4 years enough time for people to hear about Monero before fast inflation ends? Yes. BTC had already injected cryptocurrency into mainstream consciousness by the time XMR was invented. Would 2 or 2.5 years too short? No, 2.5 years would be OK for the same reason. All investors who read the Wall Street Journal or read Der Spiegel or watch Chinese or Japanese television heard about cryptocurrency by April 2014 because of BTC. Unless the fast-inflation period is less than 2 years, I don't think you can say it's unfair. People have a fair opportunity to research and to buy Monero.
2) Can people see that the fast inflation will end? Yes, we can all see that the fast inflation will end in 3 years, so people have an incentive to adopt XMR now.
Depends on what is perceived as fast inflation.
Inflation indeed has slown down pretty significiantly already (block reward at launch was 17.5 and now it is 10.9) + the coin base has grown so the declining new coin emission represents smaller and smaller fraction of the total already existing coin supply.
I am not claiming here that the coin emission is slow currently but everyday it gets better and better a little bit.
If we are able to create a long lasting bull-trend (it has to be slow enough so that the dumpers will not be attracted to take profits and stop the trend), we most likely see wide adoption for the coin.
The whole community need to work for this purpose and contribute according to their abilities, if we want higher marketcap and as a result wider adoption.
Personally I have convinced already a few people buying into Monero.
And I guess I am able to convince a few more.
I am not presenting Monero as get rich quick scheme but extremely risky investment that can pay off pretty handsomely and that the worst case scenario an investor loses only the initial investment but best case scenario this can be their investment of lifetime.
