[ANN] [KEY] KeyCoin | Fair Launch | Daily Updates | 8/9 Status Update - page 56.

tristartek

full member

Activity: 140

Merit: 100

Quote from: Petr1fied on August 02, 2014, 10:07:22 PM

Quote from: pbremen01 on August 02, 2014, 09:52:42 PM

Can you verify your calculations?

Of course.

Look at block 4500 on the block explorer. (The last Proof Of Work block)

Outstanding coins = 913,277.500272311

Deduct the Outstanding Coins value above from that of the current block. Using block 21588 at the time I type this:

Outstanding coins = 913,595.438148831

913,595.438148831 - 913,277.500272311 = 317.93787652

Block 4500 was created at 4:19 am (GMT) on 18th July that's currently ~2 hours short of 16 days.

317.93787652 / 16 = 19.8711172825

Quote

20% interests per annum is not equivalent to 316 coins in 16 or 17 days (I assumed daily compounding of interests).

You're also assuming everyone is staking. Bittrex holds ~47% of all coins and most of their wallet addresses seem to be flagged as belonging to them. I don't think I've ever seen one of those flagged addresses staking.

he claims to be a mathamatical wiz yet he cant even do simple calculations. pbrewoman..youre trying too hard. Go back to cloak please.

patience

newbie

Activity: 19

Merit: 0

Quote from: yetiripper on August 02, 2014, 11:16:32 PM

Quote from: patience on August 02, 2014, 11:15:02 PM

Any ETA on the video, folks?

lol ironic username

but i dunno

I was expecting somebody to comment on the irony after I posted that. lol. Looks like it may be calm before the storm.

pr0m3theus2013

full member

Activity: 196

Merit: 100

In about an hour

the ann dev is out at the moment with his waif

yetiripper

full member

Activity: 250

Merit: 100

The Future Of Work

Quote from: patience on August 02, 2014, 11:15:02 PM

Any ETA on the video, folks?

lol ironic username

but i dunno

patience

newbie

Activity: 19

Merit: 0

Any ETA on the video, folks?

Petr1fied

hero member

Activity: 630

Merit: 502

Quote from: pbremen01 on August 02, 2014, 10:17:12 PM

How is the number of coins that are generated (by staking) in each block calculated? How does the formula look like?

Maybe look at the publicly released source code and find out for yourself? I'd guess the formula you seek is in main.cpp

pr0m3theus2013

full member

Activity: 196

Merit: 100

Pbremen, are you going to answer my question in regards to your motives?

RichardT

sr. member

Activity: 391

Merit: 250

As much as I want to ignore his posts, I want more to know when he posts just to let the innocent eyes know who he is and what he's trying to do. I really feel bad for people falling for his crap. It's borderline scamming with how persistent he is.

There's gotta be a forum rule to address this kind of stuff. Anyone know?

damiano

legendary

Activity: 1246

Merit: 1000

103 days, 21 hours and 10 minutes.

Quote from: smille on August 02, 2014, 10:23:45 PM

Quote from: pbremen01 on August 02, 2014, 10:17:12 PM

Quote from: Petr1fied on August 02, 2014, 10:07:22 PM

Quote

20% interests per annum is not equivalent to 316 coins in 16 or 17 days (I assumed daily compounding of interests).

You're assuming everyone is staking. Bittrex holds ~47% of all coins and most of their wallet addresses seem to be flagged as belonging to them. I don't think I've ever seen one of those flagged addresses staking.

How is the number of coins that are generated (by staking) in each block calculated? How does the formula look like?

That's funny pbremen, now you're asking people to show you how their work was done? Nice turnaround. You seemed harmless and entertaining for a while, but now it seems wisest to ignore you. Can't say it's been a pleasure.

Your arguing with a retard. Just ignore his posts like everyone else. Even if you showed him what he wanted he will still pretend as if he didn't get it or change something and start on something new.

WheresMyWallet

member

Activity: 84

Merit: 10

Quote from: pbremen01 on August 02, 2014, 10:17:12 PM

Quote from: Petr1fied on August 02, 2014, 10:07:22 PM

Quote

20% interests per annum is not equivalent to 316 coins in 16 or 17 days (I assumed daily compounding of interests).

You're assuming everyone is staking. Bittrex holds ~47% of all coins and most of their wallet addresses seem to be flagged as belonging to them. I don't think I've ever seen one of those flagged addresses staking.

How is the number of coins that are generated (by staking) in each block calculated? How does the formula look like?

Why don't you ask every other PoS coin in existence how theirs is calculated.
You are obviously not interested in supporting this coin, so why not ask those you are supporting how theirs work.

smille

member

Activity: 70

Merit: 10

Quote from: pbremen01 on August 02, 2014, 10:17:12 PM

Quote from: Petr1fied on August 02, 2014, 10:07:22 PM

Quote

20% interests per annum is not equivalent to 316 coins in 16 or 17 days (I assumed daily compounding of interests).

You're assuming everyone is staking. Bittrex holds ~47% of all coins and most of their wallet addresses seem to be flagged as belonging to them. I don't think I've ever seen one of those flagged addresses staking.

How is the number of coins that are generated (by staking) in each block calculated? How does the formula look like?

That's funny pbremen, now you're asking people to show you how their work was done? Nice turnaround. You seemed harmless and entertaining for a while, but now it seems wisest to ignore you. Can't say it's been a pleasure.

pbremen01

newbie

Activity: 56

Merit: 0

Quote from: Petr1fied on August 02, 2014, 10:07:22 PM

Quote

20% interests per annum is not equivalent to 316 coins in 16 or 17 days (I assumed daily compounding of interests).

You're assuming everyone is staking. Bittrex holds ~47% of all coins and most of their wallet addresses seem to be flagged as belonging to them. I don't think I've ever seen one of those flagged addresses staking.

How is the number of coins that are generated (by staking) in each block calculated? How does the formula look like?

Petr1fied

hero member

Activity: 630

Merit: 502

Quote from: pbremen01 on August 02, 2014, 09:52:42 PM

Can you verify your calculations?

Of course.

Look at block 4500 on the block explorer. (The last Proof Of Work block)

Outstanding coins = 913,277.500272311

Deduct the Outstanding Coins value above from that of the current block. Using block 21588 at the time I type this:

Outstanding coins = 913,595.438148831

913,595.438148831 - 913,277.500272311 = 317.93787652

Block 4500 was created at 4:19 am (GMT) on 18th July that's currently ~2 hours short of 16 days.

317.93787652 / 16 = 19.8711172825

Quote

20% interests per annum is not equivalent to 316 coins in 16 or 17 days (I assumed daily compounding of interests).

You're also assuming everyone is staking. Bittrex holds ~47% of all coins and most of their wallet addresses seem to be flagged as belonging to them. I don't think I've ever seen one of those flagged addresses staking.

RichardT

sr. member

Activity: 391

Merit: 250

I believe it's 20% only for wallets that are actively staking. Not everyone who owns a wallet leave theirs on to stake. In fact, probably only a small percentage do right now.

Again you're trying so hard. It's getting pretty pathetic man.

pbremen01

newbie

Activity: 56

Merit: 0

Quote from: Petr1fied on August 02, 2014, 08:49:27 PM

Quote from: Bagpipe on August 02, 2014, 08:29:51 PM

Basically, the release model of this coin is made in a way that is likely to generate exponential rise in the price, but then, the coin count rise is ALSO exponential and one day the coin amount will catch up with it.

With Proof Of Work finished, only 913,592 coins in existence and 20% interest per annum you're not going to see anywhere near the inflation of most other coins which generate many thousands of coins a day.

Even taking compound interest into account the slow rate at which new coins are being generated could be very easily absorbed by the market.

There have been 316.4928275 new coins generated since proof of work ended on 18th July 2014. That is less than 20 new coins a day generated by way of Proof of Stake.

Can you verify your calculations?

20% interests per annum is not equivalent to 316 coins in 16 or 17 days (I assumed daily compounding of interests).

WheresMyWallet

member

Activity: 84

Merit: 10

Quote from: smille on August 02, 2014, 09:33:15 PM

Quote from: Petr1fied on August 02, 2014, 08:49:27 PM

Quote from: Bagpipe on August 02, 2014, 08:29:51 PM

Basically, the release model of this coin is made in a way that is likely to generate exponential rise in the price, but then, the coin count rise is ALSO exponential and one day the coin amount will catch up with it.

With Proof Of Work finished, only 913,592 coins in existence and 20% interest per annum you're not going to see anywhere near the inflation of most other coins which generate many thousands of coins a day.

Even taking compound interest into account the slow rate at which new coins are being generated could be very easily absorbed by the market.

There have been 316.4928275 new coins generated since proof of work ended on 18th July 2014. That is less than 20 new coins a day generated by way of Proof of Stake.

They're trying soooo hard Roll Eyes

wow that exponential rise is just ... oh wait its just FUD ... again (Insert Teabagging here)

smille

member

Activity: 70

Merit: 10

Quote from: Petr1fied on August 02, 2014, 08:49:27 PM

Quote from: Bagpipe on August 02, 2014, 08:29:51 PM

Basically, the release model of this coin is made in a way that is likely to generate exponential rise in the price, but then, the coin count rise is ALSO exponential and one day the coin amount will catch up with it.

With Proof Of Work finished, only 913,592 coins in existence and 20% interest per annum you're not going to see anywhere near the inflation of most other coins which generate many thousands of coins a day.

Even taking compound interest into account the slow rate at which new coins are being generated could be very easily absorbed by the market.

There have been 316.4928275 new coins generated since proof of work ended on 18th July 2014. That is less than 20 new coins a day generated by way of Proof of Stake.

They're trying soooo hard Roll Eyes

Petr1fied

hero member

Activity: 630

Merit: 502

Quote from: Bagpipe on August 02, 2014, 08:29:51 PM

Basically, the release model of this coin is made in a way that is likely to generate exponential rise in the price, but then, the coin count rise is ALSO exponential and one day the coin amount will catch up with it.

With Proof Of Work finished, only 913,592 coins in existence and 20% interest per annum you're not going to see anywhere near the inflation of most other coins which generate many thousands of coins a day.

Even taking compound interest into account the slow rate at which new coins are being generated could be very easily absorbed by the market.

There have been 316.4928275 new coins generated since proof of work ended on 18th July 2014. That is less than 20 new coins a day generated by way of Proof of Stake.

RichardT

sr. member

Activity: 391

Merit: 250

Blah blah blah. Blah blah blah blah.

That's really all I hear. Looks like pbremen01 brought in another fellow Fudder to help him out lol. This is so sad, it's not even funny.

pr0m3theus2013

full member

Activity: 196

Merit: 100

I see where you get your name bagpipe, because you're full if hot air. Wink

the 20% is the equivalent of mining without the use of equipment

Topic: [ANN] [KEY] KeyCoin | Fair Launch | Daily Updates | 8/9 Status Update - page 56. (Read 188824 times)