That don’t seem right as it would not be inflation as it would represent the same thing only that the current holders value would not suffer by future inflation. 100 of 1000 = 10%, 1000 of 10 000 = 10%.
Inflation is when you for example hold 100 of 1000 and then supply goes to 10 000 but your amount stays the same, gets diluted and loses value. Example:
100 of 1 000 = 10% and then 100 of 10 000 = 1%, which would give 1000% inflation.
If the market is rational then demand for Maid should initial go up as the market realise that their future predictions of 1000% inflation won’t happen, which will give that their current Maid holdings have possibility for higher long term relative value. But then when network goes live more might be sold earlier in the networks history because without inflation investors will reach their individual goals earlier and move investments to less risky assets.
@happybeing I don’t understand what you mean with split/cap, you have to elaborate.
I think we could do something this and retain the benefits.
Spitballing:
The network needs to create 15% of the supply for the existing base. It could also create the rest of the supply for random farmer wallet recipients. The remaining 85% becomes a glorified airdrop with a caveat. The network would only need to verify that the farmer provided valid chunks. This happens by default, so farmer receives their share of PUT fee + genesis allocation.
Then you instant dilute current investors and throw the punishment hammer on them, instead of it taking many years as with original thoughts, it would rather happen instantly.
It wouldn’t happen instantly, it would take a long time as farmers join the network and request their genesis bonus after doing valid/correct storage and retrieval.
I would rather there was made some % pool that could aid the farmers if the markets gets into some form of shock/crisis.
@dirvine
Also I would make sure that there is a pool of funds for the Maidsafe foundation. I believe that privacy/security online is not only won through software, I think it would be good if people from future foundation went and lobby for internet privacy at example Davos, World Econmic Forum, Agencies, Governments, Organisations and so on, also support tech for privacy/security open source and so on.
Also that some form of campaign would be made to spread the word about paying the producer to counter negative views on the network, used by groups who have negative views on internet privace/security. Too counter effects from possible future piracy.
The unfair thing with total supply at start of the network Is, that with current lack od options to buy MAID and doing KYC you can not even buy it before.
This makes an interesting question about how it will look on coinmarketcap or coingecko and similar sites. With a new current supply, if the market cap stays the same it would give current price to look very low.
When SNT is released will it look like a token starting from scratch with zero history or at launch it will look like it is 900% down in red, or similar on cmc and those sites?
Close to launch the market cap should get closer to Filecoin, that would open for funding further large real volume exchanges. Also USD, EURO pairs on exchanges and reach Bittrex US customers would mean alot.
It’s really not an issue, this is what happens with stock splits. The ticker price drops instantly the split happens, because all that’s changed is there are more shares with lower price, but all holdings remain at the same value.
That is only if the market is rational. There could also be a race to dump to get the most price for your shares. Seen this happened before on a few markets that had low volume, need to be careful.
I’d expect that maybe if there’s orders above the new price, but I think any decent exchange should cancel all orders or give advanced notice so as to be fair.
Of course it could happen anyways, if ppl think it’ll help them gain.
I think it would be when network goes live though so the price will probably be volatile anyway.