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by tromp
1873 days ago
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This wealth concentration in cryptocurrencies is a direct result of their front loaded emission. Half of all Bitcoin was emitted in its first 4 years; about 70% of current Dogecoin was emitted in its first year; 70% of current Ethereum was emitted in its first block. Reducing wealth concentration (to be closer to the one in fiat) requires a more even coin distribution, such as a purely linear emission of 1 per second forever. |
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