@Kushti_ru I have a couple questions for you. 1.) Do

Question

@Kushti_ru I have a couple questions for you. 1.) Do

you think there is reason to be concerned that our network security will fail when emission goes to 3 ERG per block? 2.) If a clone of Ergo were made with a different consensus algorithm, could the smart contracts of all of the dApps on Ergo function on the clone?

#cryptocurrency #english #ergo

0

15.05.2023

11 ответов

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Me (The Self Soveriegn Bank of) Автор вопроса

kushti khushi
Hi! How are you? 1) "Do you think there is reaso...

Hey Kushti, I'm fine. How's your day? 1.) How can hashrate be about the same with less emissions? Miners are like businesses. If there isn't profit they leave.

0

15.05.2023

kushti khushi

Me (The Self Soveriegn Bank of)
Hey Kushti, I'm fine. How's your day? 1.) How can...

As explained by qx, hashrate is defined by demand on centralized exchanges, dexes , etc. So with constant demand 13x reduced supply will be resulted in 13x price increase and the same hashrate.

0

15.05.2023

qx()

kushti khushi
As explained by qx, hashrate is defined by demand ...

/t 1000 love

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15.05.2023

ErgoTipperBot

qx()
/t 1000 love

@dadreboi sent a tip of 1000.0 love to @kushti_ru!

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15.05.2023

Siavash

Mr. Kushti, in 2024, with Bitcoin halving, how much will this ratio be for Bitcoin??

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15.05.2023

kushti khushi

Siavash
Mr. Kushti, in 2024, with Bitcoin halving, how muc...

2x price? Well, that is super simplified. I am wondering if any bullrun model exists

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15.05.2023

Siavash

kushti khushi
2x price? Well, that is super simplified. I am won...

How can this figure be 13 times for Ergo? By the way, Mr. Kushti, what happened that made you think of making Ergo, why didn't you continue with eth and link or ada? Don't you think you made a mistake?

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15.05.2023

qx()

Siavash
How can this figure be 13 times for Ergo? By the w...

The point of the 13x was saying that as supply diminishes then demand will go up. 13x was simply showing u the 1:1 emissions and price comparison to say that to keep the current $1.45 to 39 erg payout per block to miners it would need to be $18 or so by 3 erg emission.

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15.05.2023

Siavash

qx()
The point of the 13x was saying that as supply dim...

Ahaa thanks a lot

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15.05.2023

Me (The Self Soveriegn Bank of) Автор вопроса

kushti khushi
Hi! How are you? 1) "Do you think there is reaso...

I think there aren't forks because we don't want one. We have the manifesto to keep us together. I hope you stick around Ergo for a very long time. If you were to take a smaller role in our community I could see a fork happen. That would be painful.

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16.05.2023

kushti khushi · Accepted Answer

Hi! How are you? 1) "Do you think there is reason to be concerned that our network security will fail when emission goes to 3 ERG per block?" - No, at least not now. With the same external demand even hashrate will be rated at about the same level (excluding dumping old coins, but we already here likely with 70% of supply already in the game). Also, we will see in coming years how storage rent, MEV, FIMOs (fair initial mining offerings) will reward miners. 2.) If a clone of Ergo were made with a different consensus algorithm, could the smart contracts of all of the dApps on Ergo function on the clone? - yes. Also, surprised that there are no Ergo forks yet. NXT had like 40 of them I am aware of lol. Now times of forks have gone it seems (aside of ETH).

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@Kushti_ru I have a couple questions for you. 1.) Do

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