Thanks for the helpful explanation. Just one question - why 978? I guess 9.78% was the original inflation rate? If so, why not 9.5% at the time of the fork as you say in Dec 2016?
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Thanks for the helpful explanation. Just one question - why 978? I guess 9.78% was the original inflation rate? If so, why not 9.5% at the time of the fork as you say in Dec 2016?
That's right. It was set to 9.78% to make it exactly 9.5% at block 7,000,000.
(978 - (7000000 / 250000)) / 100 = 9.5%
Ah, thanks!