bye bye suckers who gave me lots of money so I can leave my day job and work on my personal project.
Just to set the record straight, I quit my day job a decade earlier. And the $20 K / year Simcoin ICO brought hardly matches the salary of a senior developer.
So no, I don't work for you. I provide investment opportunity.
On another note, if the distribution is set in the code, how can volatility be reduced. And volatility compared to what? Will the price be pegged to another currency like USD. Even then, what API will you call to get your current price in USD to increase or reduce the circulation supply.
You all are freaking out like little girls without even considering HOW exactly the stake will be released.
In the end the release might as well end up being controlled by the stake voting, so you, the big investors, will decide when and how much to release, and can lock the whole trillion there forever. Yet you keep littering this thread with obscenities like uncivilized baboons.
How to smooth volatility is a good question and I am open to ideas.
The goal is not to completely remove it, but to do what central banks do with their currencies - buy when it hits the low threshold and sell when it hits the high threshold, maintaining a "corridor". Probably maintain a basket of other cryptocurrencies or USD.
It will probably be impossible to implement in code, though, so some entity will have to control it. It might be by stake voting, it might be the Simcoin Foundation, it might be a special fund of a few trusted people with multi-sig.
I expect most of that trillion will be locked up in this fund. Another great portion will be locked up in nodes. Since stake is power, another portion will be hoarded by people and companies. A few funds will be needed to fund development, marketing, etc.
And doing a gradual release of 400 M is also a good idea, I like it.