Eh, whitepapers are made to be outdated. :P The only real spec is the code.
As to the rate of dilution, I don't have a problem with it. The effect it will have is to reward continued value creation at the expense of those who made large contributions (either of content or buy-in) and then started coasting. Their stake in the chain atrophies the longer they coast, while those who are actively working to make the community better and more valuable are rewarded.
I much prefer that over a system where 5 years down the road, we're all still dwarfed by whales who bought in when it was super cheap and never did anything since. The early contributions are still recognized, but they wane as new and continued value is created.
Eh, whitepapers are made to be outdated. :P The only real spec is the code.
As to the rate of dilution, I don't have a problem with it. The effect it will have is to reward continued value creation at the expense of those who made large contributions (either of content or buy-in) and then started coasting. Their stake in the chain atrophies the longer they coast, while those who are actively working to make the community better and more valuable are rewarded.
I much prefer that over a system where 5 years down the road, we're all still dwarfed by whales who bought in when it was super cheap and never did anything since. The early contributions are still recognized, but they wane as new and continued value is created.