sword_smith    2023-11-09 👍 👎

All other things equal, Neptune might be more attractive as money without the 1.98 % premine. But that “all other things equal” part does not hold in this case. Neptune is currently developed by a team of four full-time developers who need to pay bills. So far, more than 6,000 commits have been made in all our repositories representing somewhere between five and ten person-years. And more are needed.

The simple reality is that Neptune would never launch without a way to raise money. The small premine is that way.

Our premine is much smaller than most blockchains already launched or currently under development.

I wrote about this tradeoff in a blogpost:

“We cannot hide our identities like Satoshi Nakamoto did, but we can dissolve the founding company some time after the launch of main net such that the blockchain will be without a clearly defined leader and true decentralization can emerge. And we can minimize the premine such that it only suffices to pay for the development of the protocol.”