Topic: [ANN] Maieuticoin | 2014% PoS | 10k/MMXIV and BALLS/MMXIV Markets NOW OPEN - page 38. (Read 283202 times)

Let me guess... Version 3?

Drawing a winner for a version 2 will seem silly when you see what I post next week

If you've been staking those 15 M coins in their own wallet then you probably have 25 by now

We were just talking about this in IRC. I have a better idea, but I'll need a week or so before I can post what it is

You don't really "lose out" on any staking if you close your wallet for an hour, or a day, or a few days.  When you fire back up, you're basically back-paid for any stakes you may have missed.  What you do miss out on is the daily compounding affect.

For example, if you closed your wallet for 3 days, you'll get a big stake when you open it back up.  But, if you had left it open, you would have gotten a smaller stake on day 1, that would have compounded and been added to day 2, which would have compounded again and been added to day 3, etc.

Closing your wallet for 5 minutes or an hour is not likely to have any measurable affect on how many coins you earned that day.  Coin age is measured in coin-days, not hours or minutes, these fractions of a day are too small to make any difference.

So I guess we waiting for the last 10 tickets to sell?

Can you comment on how the staking works as far as having your wallet open? I don't understand the mechanism for staking, which is probably the problem, but if I restart my computer and don't have a wallet running for 5 minutes, will that ALWAYS have an effect or just some times? Does the wallet have to be running continuously or is there a granularity of 1min, 5min, 10min, etc, where perhaps you could close and open the wallet and no lose any staking time?

It's not a matter of just fees. No coin control means you must reset every coin to properly reset each. Maturity is only 24 hours, so long term stakers only miss 1 day max if done properly. I don't care to provide features catered to those that want to stake and sell simultaneously. It's possible add coin control yourself if you want it that bad. It's all in the new source, just not properly set up, in case I change my mind in the future, but that would result in fees being significantly raised to compensate removing the 'forced' reset on non max aged coins

I don't disagree. That is a great illustration of how you can beat the system.

It does make a difference, and I think I made that clear here

Glad to see you are OK with the math. Here's a re-post with the commentary removed:

If someone can provide an exact date I can calculate a more accurate percentage. Right now, if the date was December 1 (and I don't think it was) and the money supply was 2100 on that date, then the net rate of inflation is 4.0% daily. someone please tell me if you know the date and supply on that date so I can get a better number.

Below is a few charts at 4% inflation.

The supply right now is 19,200.
By May 7 the supply will be 1M. If it was 5%, we'd hit this 1 month sooner.
By the end of the year, 11.2 BILLION. If it was 5% it'd be 492 Billion.
By the end of the following year, 19 Quadrillion. At 5% it would be 28000 Quadrillion.

The difference between 4% and 5% is the supply doubling every 18 days or 14.4 days.

So even though the destruction of M-coin slows down the inflation by a percent or so, does it make much difference if the supply is 11B or 492B?

Math is fine even if it is trending negative. I don't like (and remove) the HOLD AND BUY hype, either. I don't delete unbiased posts that contain math

So discussion of anything but buy-and-hold strategy is forbidden here?

I admit I have been wrong and the price has gone up. We can have spirited discussion on both sides of the topic.

Because I've been listening to you say the same thing for 6 months. 'Take profit while you can' as the price continues to climb. I'm over it. Present your math without bias and I'll leave it. It's the snarky comments nobody cares to read that get deleted; math is good

Please go away

Thank you Mortimer. Evidently iGotSpots doesn't want anyone to see the math, he deleted my post. Wonder why? The math doesn't lie.

   Every POS coin based on percentage does this.  There will always be coins on exchanges not staking, coins being transferred thus losing stake age, coins in locked wallets, coins in closed wallets.  etc...     The difference with MMXIV was the low initial supply.  When you have 10-20% of the coins on exchanges not staking you can actually measure the difference.

Wild theory? It's MATH. Tell me where my math is wrong. In math there is only one answer.

Phosphorous is completely correct in his calculations.  It only makes sense that eventually, each MMXIV coin is going to be worth less.  It would be foolish to think that by December when there are a billion MMXIV in circulation they will still be worth 0.02 BTC each.  As much as I'd love for MMXIV to have a market cap of $5billion I believe that is highly unlikely.

All cryptocurrencies head down this path.  As they are mined, more come into circulation, and most of the time, this devalues the currency.  The more of it available, the less it's worth.  The important metric to look at here is total market cap - and for MMXIV, this is growing steadily over the past 30 days.

The import distinction with MMXIV is your personal stake rate versus network inflation.  While you are staking MMXIV you are earning 5.5% of your balance every day.  At the same time, the network coin supply is inflating by only 4.0%.  This is an awesome system and has never been done with a POS coin before.

What this means is that as the currency devalues due to inflation, you are still earning more MMXIV in stake than the currency is being devalued by.  For example, if you were holding 200 MMXIV today and staked them for the next ~2 months, and I'll adjust the current price for inflation:

Jan 26
Current coin supply is 19,200
Your holdings are 200 MMXIV or 1.04% of the total supply
Current price is 0.02BTC per MMXIV
Your wallet of 200 MMXIV * 0.02BTC = 4 BTC

Mar 30
Current coin supply is  227,196.48
Your holdings are 5833.6 MMXIV or 2.57% of the total supply
Current inflation-adjusted price of MMXIV is now 0.0015 - assuming it dropped by 4% per day this entire period
Your wallet of 5833.6 MMXIV * 0.0015 BTC = 8.9 BTC

Simply by holding and staking these coins, your personal percent value of the market cap increased by 1.5x.  Even after taking inflation into account, you're still earning 1.5% per day.

Im sure that in the mean time before all that bullshit happen, that the dev wil change things in the coin, i don't know what but i know
he wil plan things to go smooth. these guy is very intellegent clever is not a usual dev.
dont waste your time with your wild theories

What's negative? It's math. Correct me if my math is wrong.
Or tell me why you think MMXIV can retain it's value when there are over 1 Quadrillion in circulation?