I keep coming back to one thing people aren’t really talking about.
The math in Midnight looks clean. Annual emissions are fixed, the formula makes sense. But the one variable sitting underneath it blocktime still isn’t finalized, and it quietly changes everything about how rewards actually feel.$NIGHT

At one second, rewards come constantly but in tiny amounts. At ten seconds, they’re bigger but less frequent. Same yearly total, completely different experience.
And it doesn’t stop at rewards. Blocktime affects throughput, fees, and how active the network really becomes. So even if emissions stay equal on paper, the environment around them doesn’t.
I’m not saying it’s a problem. It makes sense to keep it flexible while the network is still being optimized. But it’s not a small detail either.
It’s the kind of parameter that doesn’t change the numbers…
but changes how everything actually plays out.