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
  • 1
    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
  • 1
    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

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


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.


Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.