«In order to ensure the economic sustainability of the platform under the widest possible variety of circumstances, and in light of the fact that issuing new coins to proof of work miners is no longer an effective way of promoting an
egalitarian coin distribution or any other significant policy goal, I propose that we agree on a hard cap for the total quantity of ETH,» Buterin said.
* With ASICs, PoW issuance fails at
making coin distribution more egalitarian * With PoS, PoW issuance not needed for security * With rewards coming from rent + other burned fees, can have rewards without issuance
The same «backup plan» rationale has been used as one of Litecoin's value propositions, however Bitcoin Gold serves this function better than Litecoin because it has the exact
same coin distribution and money supply as Bitcoin; Litecoin ownership is much more narrowly distributed, making it unsuitable for use as a universal store of value and reserve currency.
In his «improvement proposal,» Buterin argues that «in light of the fact that issuing new coins to proof of work miners is no longer an effective way of promoting an
egalitarian coin distribution or any other significant policy goal.»
During the initial
coin distribution (1.5 bn ATS), all supporters will receive ATS coins for their donation.
While you wait for
the coin distribution period to end you can run our browser miner.
The coin distribution happens in proportional ratios that are predetermined by the project's team.
In order to ensure the economic sustainability of the platform under the widest possible variety of circumstances, and in light of the fact that issuing new coins to proof of work miners is no longer an effective way of promoting an egalitarian
coin distribution or any other significant policy goal, I propose that we agree on a hard cap for the total quantity of ETH.
As opposed to many alternative cryptocurrencies that serve only to enrich financially the developers, Anoncoin was released in an entirely transparent manner and with a fair initial
coin distribution.
«In order to ensure the economic sustainability of the platform under the widest possible variety of circumstances, and in light of the fact that issuing new coins to proof of work miners is no longer an effective way of promoting an egalitarian
coin distribution or any other significant policy goal, I propose that we agree on a hard cap for the total quantity of ETH,» Buterin wrote.
Bitcoin Gold can be thought of simply as a replication of the Bitcoin protocol and
coin distribution that utilizes on a different type of computer hardware for security.
An ICO solves the basic problem of initial
coin distribution.
«To ensure the economic sustenance of Ethereum network under the widest possible variety of circumstances, and in light of the fact that issuing new coins to proof of work miners is no longer an effective way of promoting an egalitarian
coin distribution or any other significant policy goal, I propose that we agree on a hard cap for the total quality of Ethereum.»