Difference between revisions of "Debate on Kulupu emission curve"

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#REDIRECT [[kulupu:Debate on emission curve]]
{{#seo:
 
| title = Debate on Kulupu emission curve
 
| description = Options and debate on Kulupu emission curve.
 
}} {{Kulupu infobox}}
 
 
 
This documents the various debate on Kulupu emission curve.
 
 
 
==Status quo==
 
 
 
Keep the current emission of 60 KLP per block (1 KLP per second), but still retain the ability to discuss other emission curve options later.
 
 
 
*{{Argument}} Kulupu needs border token distributions.
 
*{{Argument}} Infinite supply is a model that works for coins such as Ethereum and Grin.
 
*{{Objection}} Investors don't like to work with infinity in the equation, and a lot of people are currently frightened away from Kulupu, because of unclear total supply.
 
 
 
==Supply cap of 210 million==
 
 
 
Block reduction over a span of 20 years. Each of the next block reward is 90% of the previous one, rounded to the nearest integer. This results in a effective total supply of 210 million.
 
 
 
{| class="wikitable"
 
!Year
 
!Reward
 
!Block count
 
!Start block number
 
!Reward
 
!Block usage
 
!Block fee burn
 
!Total burn
 
|-
 
|1
 
|60
 
|520000
 
|0 (era 0)
 
|31200000
 
|1/10
 
|1.6
 
|832000
 
|-
 
|2
 
|54
 
|520000
 
|200000 (era 1)
 
|28080000
 
|1/9
 
|1.7
 
|884000
 
|-
 
|3
 
|49
 
|520000
 
|720000
 
|25480000
 
|1/8
 
|2
 
|1040000
 
|-
 
|4
 
|44
 
|520000
 
|1240000
 
|22880000
 
|1/7
 
|2.3
 
|1196000
 
|-
 
|5
 
|39
 
|520000
 
|1760000
 
|20280000
 
|1/6
 
|2.7
 
|1404000
 
|-
 
|6
 
|35
 
|520000
 
|2280000
 
|18200000
 
|1/5
 
|3.2
 
|1664000
 
|-
 
|7
 
|32
 
|520000
 
|3320000
 
|16640000
 
|1/4
 
|4
 
|2080000
 
|-
 
|8
 
|29
 
|520000
 
|3840000
 
|15080000
 
|1/3
 
|5.3
 
|2758000
 
|-
 
|9
 
|26
 
|520000
 
|4360000
 
|13520000
 
|1/2
 
|8
 
|4160000
 
|-
 
|10
 
|23
 
|520000
 
|4880000
 
|11960000
 
|1/2
 
|8
 
|4160000
 
|-
 
|11
 
|21
 
|520000
 
|5400000
 
|10920000
 
|1/2
 
|8
 
|4160000
 
|-
 
|12
 
|19
 
|520000
 
|5920000
 
|9880000
 
|1/2
 
|8
 
|4160000
 
|-
 
|13
 
|17
 
|520000
 
|6440000
 
|8840000
 
|1/2
 
|8
 
|4160000
 
|-
 
|14
 
|15
 
|520000
 
|6960000
 
|7800000
 
|1/2
 
|8
 
|4160000
 
|-
 
|15
 
|14
 
|520000
 
|7480000
 
|7280000
 
|1/2
 
|8
 
|4160000
 
|-
 
|16
 
|12
 
|520000
 
|8000000
 
|6240000
 
|1/2
 
|8
 
|4160000
 
|-
 
|17
 
|11
 
|520000
 
|8520000
 
|5720000
 
|1/2
 
|8
 
|4160000
 
|-
 
|18
 
|10
 
|520000
 
|9040000
 
|5200000
 
|1/2
 
|8
 
|4160000
 
|-
 
|19
 
|9
 
|520000
 
|9560000
 
|4680000
 
|1/2
 
|8
 
|4160000
 
|-
 
|20
 
|8
 
|520000
 
|10080000
 
|4160000
 
|1/2
 
|8
 
|4160000
 
|}
 
 
 
*{{Argument}} Kulupu needs border token distributions.
 
*{{Objection}} The current investment will still be diluted by a lot, as the current supply is only 27 million.
 
 
 
==Supply cap of 100 million==
 
 
 
Block reduction over a span of 7 years. This results in an effective total supply of around 100 million.
 
 
 
{| class="wikitable"
 
!Year
 
!Reward
 
!Block count
 
!Start block number
 
!Reward
 
!Block usage
 
!Block fee burn
 
!Total burn
 
|-
 
|1
 
|60
 
|520000
 
|0 (era 0)
 
|31200000
 
|1/10
 
|1.6
 
|832000
 
|-
 
|2
 
|50
 
|520000
 
|200000 (era 1)
 
|26000000
 
|1/9
 
|1.7
 
|884000
 
|-
 
|3
 
|40
 
|520000
 
|720000
 
|20800000
 
|1/8
 
|2
 
|1040000
 
|-
 
|4
 
|30
 
|520000
 
|1240000
 
|15600000
 
|1/7
 
|2.3
 
|1196000
 
|-
 
|5
 
|20
 
|520000
 
|1760000
 
|10400000
 
|1/6
 
|2.7
 
|1404000
 
|-
 
|6
 
|10
 
|520000
 
|2280000
 
|5200000
 
|1/5
 
|3.2
 
|1664000
 
|-
 
|7
 
|8
 
|520000
 
|3320000
 
|4160000
 
|1/4
 
|4
 
|2080000
 
|}
 
 
 
*{{Argument}} It gives investors more confidence as the total supply is not diluted.
 
*{{Objection}} With this particular table, in later stage the reduction is too high. For example, in the first year the reduction (from 60 KLP to 50 KLP) is less than 20%, while in the fifth year the reduction (from 20 KLP to 10 KLP) is 50%.
 
 
 
==Some middle ground==
 
Slow reduction by 5KLP every epoch until tail emission of 8KLP is reached after 11 years of mining. 7% Treasury, accounted for burn.
 
{| class="wikitable"
 
!Period  (520000)
 
!Reward
 
!Blocks/period
 
!End block
 
!Treasury (7%)
 
!Emission/period
 
!Treasury/period
 
!Emission total
 
!Treasury total
 
!Fee burn
 
!Total burn
 
|-
 
|1
 
|60
 
|520000
 
|200000
 
|
 
|31200000
 
|0
 
|31200000
 
|0
 
|1.6
 
|832000
 
|-
 
|2
 
|55
 
|520000
 
|720000
 
|7.9
 
|28600000
 
|2860000
 
|59800000
 
|2860000
 
|1.7
 
|884000
 
|-
 
|3
 
|50
 
|520000
 
|1240000
 
|7.1
 
|26000000
 
|2600000
 
|85800000
 
|5460000
 
|2.0
 
|1040000
 
|-
 
|4
 
|45
 
|520000
 
|1760000
 
|6.4
 
|23400000
 
|2340000
 
|109200000
 
|7800000
 
|2.3
 
|1196000
 
|-
 
|5
 
|40
 
|520000
 
|2280000
 
|5.7
 
|20800000
 
|2080000
 
|130000000
 
|9880000
 
|2.7
 
|1404000
 
|-
 
|6
 
|35
 
|520000
 
|2800000
 
|5.0
 
|18200000
 
|1820000
 
|148200000
 
|11700000
 
|3.2
 
|1664000
 
|-
 
|7
 
|30
 
|520000
 
|3320000
 
|4.3
 
|15600000
 
|1560000
 
|163800000
 
|13260000
 
|5.3
 
|2756000
 
|-
 
|8
 
|25
 
|520000
 
|3840000
 
|3.6
 
|13000000
 
|1300000
 
|176800000
 
|14560000
 
|8.0
 
|4160000
 
|-
 
|9
 
|20
 
|520000
 
|4360000
 
|2.9
 
|10400000
 
|1040000
 
|187200000
 
|15600000
 
|8.0
 
|4160000
 
|-
 
|10
 
|15
 
|520000
 
|4880000
 
|2.1
 
|7800000
 
|780000
 
|187980000
 
|16380000
 
|8.0
 
|4160000
 
|-
 
|11
 
|10
 
|520000
 
|4880000
 
|1.4
 
|5200000
 
|520000
 
|188500000
 
|16900000
 
|8.0
 
|4160000
 
|-
 
|12
 
|8
 
|520000
 
|4880000
 
|1.1
 
|4160000
 
|416000
 
|188916000
 
|17316000
 
|8.0
 
|4160000
 
|-
 
|Tail emission
 
|
 
|
 
|
 
|
 
|
 
|'''Max total'''
 
|'''158340000'''
 
|
 
|
 
|30576000
 
|}
 
 
 
*{{Argument}}
 
*{{Objection}} The reduction is still not evenly distributed. For example, in the first year the reduction (from 60 KLP to 55 KLP) is around 9%, while in the 11th year the reduction (from 15 KLP to 10 KLP) is around 33%.
 

Latest revision as of 12:47, 5 September 2020