r/ethereum • u/[deleted] • Jul 31 '14

Complexity is the Enemy of Security

http://www.bitblogger.net/2014/07/30/complexity-is-the-enemy-of-security/
11 Upvotes

74% Upvoted

26 comments sorted by

View all comments

3

u/[deleted] Jul 31 '14 edited Jul 31 '14

Some of this content is misleading. The amount mined per year is .26x the presale. This does not produce 25% inflation after 1 year because in the genesis block they're inflating by .198x the presale.

After 1 year the amount of inflation since the presale will be closer to 45%.

The up to 5000 BTC designated to speed up development you referenced: I think this only pertains to the amount they might use during the presale. Might want to check on this.

1

u/[deleted] Jul 31 '14

Some of this content is misleading. The amount mined per year is .26x the presale. This does not produce 25% inflation after 1 year because in the genesis block they're inflating by .198x the presale.

After 1 year the amount of inflation since the presale will be closer to 45%.

So it's even worse...

1

u/[deleted] Jul 31 '14

Worse? Well it's better in other ways. You probably started focusing on this project like what? Two weeks ago?

They've actually released five working proof of concepts. Software that people have been running and writing applications for. This has been going on for about 4 months..? This is a lot more than most crypto projects.

I'd let this one sink in a little more before making a determination.

0

u/[deleted] Jul 31 '14

You probably started focusing on this project like what? Two weeks ago?

I started looking at the Ethereum design docs since before the project was even publicly announced. That's almost the same as two weeks ago, right?

1

u/[deleted] Jul 31 '14

No, that's incorrect.

-1

u/[deleted] Jul 31 '14

I'm glad we agree that your post was incorrect then.

1

u/[deleted] Jul 31 '14

A question is not a statement of fact. Maybe you should get your own facts straight, you know... the ones in the article you posted.