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Understanding the motivations for the 21 million BC limit and halving reward rate, I still think it dis-proportionally rewards early adopters. My ideal system would be one where the mining reward is a factor of the work done which would mean as the system increases in popularity (i.e more miners) the corresponding mining reward would increase. This would have a stabilising effect on the price and provide people a reason to spend coins rather than hoard them. Anyone who has tried to work or sell goods in BC's would see the problems it is facing as a currency rather than a commodity. Does anyone know of a Bitcoin alternative with these properties?

  • don't mind downvotes but would also like a productive discussion to go with it. – q99ujacw Apr 4 '13 at 6:42
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    If such a coin caught on, more and more resources would go to mining, which seems kind of inefficient. One can argue that the Bitcoin reward actually doesn't drop off fast enough. – David Schwartz Apr 4 '13 at 9:51
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    You are getting downvotes because you want a discussion. This is a Q&A site, if you want to discuss you should go to a forum instead. – o0'. Apr 4 '13 at 10:37
  • @DavidSchwartz this is true but as the whole system is secured by proof of work encouraging mining increases the security of the whole system. – q99ujacw Apr 6 '13 at 5:49
  • @Lohoris not really - the question can be answered pretty simply and was done so. Maybe substitute 'rationale' for 'discussion' on my above comment but thanks for your input. – q99ujacw Apr 6 '13 at 5:51
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PPCoin appears to have a non-reducing block reward, so that might be what you're looking for.

Other alternative cryptocurrencies are listed, with some info on their properties, here: https://en.bitcoin.it/wiki/List_of_alternative_cryptocurrencies

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Freicoin also accomplishes this but in a round about way. Rather than adding new coins to the system to pay miners, it removes coins from each account to pay miners.

http://freico.in/how/

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