[ ANN ] SAT² - A new dawn - PoS - No Premine - page 70.

tevayo

hero member

Activity: 620

Merit: 500

Quote from: Kryptic on April 14, 2014, 07:58:07 PM

Infinitecoin coins extracted 90,480,729,149 currencies total 90,600,000,000 price: 0.00000007
Dogecoin coins extracted 70,401,039,268 currencies total 100,000,000,000 price: 0.00000098
Mintcoin coins extracted 18,756,214,935 currencies total 50,000,000,000 price: 0.00000017
Redcoin coins extracted 19,188,350,012 currencies total 109,000,000,000 price: 0.00000003
Zeitcoin coins extracted 27,150,028,367 currencies total 90,000,000,000 price: 0.00000007
Eccoin coins extracted 14,828,757,202 currencies total 50,000,000,000 price: 0.00000008

Saturncoin coins extracted 6,562,987,841 currencies total 15.000.000.000 price: 0.00000001

looking at all those coins explorers and resources saturn has better quality and speed that those for example, and the coin is way faster than all of them.

undervaluated much?

Now you are doing well and the market will make the SAT in its rightful place.

Kryptic

newbie

Activity: 41

Merit: 0

Infinitecoin coins extracted 90,480,729,149 currencies total 90,600,000,000 price: 0.00000007
Dogecoin coins extracted 70,401,039,268 currencies total 100,000,000,000 price: 0.00000098
Mintcoin coins extracted 18,756,214,935 currencies total 50,000,000,000 price: 0.00000017
Redcoin coins extracted 19,188,350,012 currencies total 109,000,000,000 price: 0.00000003
Zeitcoin coins extracted 27,150,028,367 currencies total 90,000,000,000 price: 0.00000007
Eccoin coins extracted 14,828,757,202 currencies total 50,000,000,000 price: 0.00000008

Saturncoin coins extracted 6,562,987,841 currencies total 15.000.000.000 price: 0.00000001

looking at all those coins explorers and resources saturn has better quality and speed that those for example, and the coin is way faster than all of them.

undervaluated much?

MagicStyle

member

Activity: 100

Merit: 10

Quote from: tevayo on April 14, 2014, 04:11:08 PM

Congratulations to everyone for the votes in https://altoutlet.com/alt/currencies.
We are showing that we are a strong and growing community!

voted

tevayo

hero member

Activity: 620

Merit: 500

Congratulations to everyone for the votes in https://altoutlet.com/alt/currencies.
We are showing that we are a strong and growing community!

Honeypot

sr. member

Activity: 420

Merit: 250

Quote from: Belogvardeec on April 14, 2014, 04:00:18 PM

I agree that POS is a good idea. But the percent per annum shall be not more than 1-2%. A good example of Blackcoin.

Agreed. We can discuss and decide on a percentage.

Either way, the coin seems to be at a good place for a decisive change. Thanks dev for letting us know about the updates and giving us time to get ready.

Belogvardeec

legendary

Activity: 1358

Merit: 1013

I agree that POS is a good idea. But the percent per annum shall be not more than 1-2%. A good example of Blackcoin.

tevayo

hero member

Activity: 620

Merit: 500

Quote from: vagos on April 14, 2014, 03:53:25 PM

Quote from: tevayo on April 14, 2014, 03:41:19 PM

Ah! Change the logo once!!!

What he means about the logo is that the mac and windows wallets has the old cartoon logo, we would like to see the actual logo we use in the new wallets!

That!
The current wallet is ridiculous!

vagos

full member

Activity: 353

Merit: 100

Quote from: tevayo on April 14, 2014, 03:41:19 PM

Ah! Change the logo once!!!

What he means about the logo is that the mac and windows wallets has the old cartoon logo, we would like to see the actual logo we use in the new wallets!

Honeypot

sr. member

Activity: 420

Merit: 250

Quote from: atronite on April 14, 2014, 03:28:34 PM

Quote from: bob131313 on April 14, 2014, 03:06:31 PM

Have to consider what the reward for mining will be once max coins are issued. This might lower the security of the network significantly.
If we limit to 10 billion, adding a .01% inflation might be an option.

From a technical advantage side of the house, I can't think of any innovations that would advance us beyond the others. Updating to POS since it is the flavor of the week will have significant issues. Dif adjustment seems to be doing well enough, we have plenty of SAT on the market to allow for use as a currency.

Coin speed seems fine.

If the issues can be overcome, POS seems to be the best way to go honestly. Plus, limiting the coin's total amount would limit supply and thus boost its price I think.

Actually, making this coin entirely inflationary by making it POS with 2% annual interest isn't necessarily a bad call either. POS should definitely be the future of crypto currency I think.

This. +1

Possibly with less than 1% interest.

bob131313

sr. member

Activity: 420

Merit: 250

Quote from: Honeypot on April 14, 2014, 03:43:34 PM

Quote from: tevayo on April 14, 2014, 03:41:19 PM

Hello, I think the change in total coins would not be good for the currency, after the entry into Cryptsy that we mistakenly placed 50,000,000,000 coins and what that is costing people know that they are 15,000,000,000, tell them you are now 10,000,000,000, does not seem right.
Wonder currencies could reduce the cap by mining 10,000,000,000 and from there the following 5,000,000,000 that were using the POS?
That would leave the lid on the 15,000,000,000 coins and original step would apply a POS (which seems it is well accepted in the market)

Ah! Change the logo once!!!

What he means is: Cryptsy made a mistake in coin description saying there are 50 billion coin cap, when there's actually 15 billion coin limit.

Source code says 50 billion, so cryptsy is correct in what they added. Randomness of block reward accounts for difference in reality vs the code. I am still looking into it to be sure.

bob131313

sr. member

Activity: 420

Merit: 250

If anyone has a great logo, post it here and we can review them.

Honeypot

sr. member

Activity: 420

Merit: 250

Quote from: tevayo on April 14, 2014, 03:41:19 PM

Hello, I think the change in total coins would not be good for the currency, after the entry into Cryptsy that we mistakenly placed 50,000,000,000 coins and what that is costing people know that they are 15,000,000,000, tell them you are now 10,000,000,000, does not seem right.
Wonder currencies could reduce the cap by mining 10,000,000,000 and from there the following 5,000,000,000 that were using the POS?
That would leave the lid on the 15,000,000,000 coins and original step would apply a POS (which seems it is well accepted in the market)

Ah! Change the logo once!!!

What he means is: Cryptsy made a mistake in coin description saying there are 50 billion coin cap, when there's actually 15 billion coin limit.

tevayo

hero member

Activity: 620

Merit: 500

Hello, I think the change in total coins would not be good for the currency, after the entry into Cryptsy that we mistakenly placed 50,000,000,000 coins and what that is costing people know that they are 15,000,000,000, tell them you are now 10,000,000,000, does not seem right.
Wonder currencies could reduce the cap by mining 10,000,000,000 and from there the following 5,000,000,000 that were using the POS?
That would leave the lid on the 15,000,000,000 coins and original step would apply a POS (which seems it is well accepted in the market)

Ah! Change the logo once!!!

atronite

sr. member

Activity: 319

Merit: 250

Quote from: bob131313 on April 14, 2014, 03:06:31 PM

Have to consider what the reward for mining will be once max coins are issued. This might lower the security of the network significantly.
If we limit to 10 billion, adding a .01% inflation might be an option.

From a technical advantage side of the house, I can't think of any innovations that would advance us beyond the others. Updating to POS since it is the flavor of the week will have significant issues. Dif adjustment seems to be doing well enough, we have plenty of SAT on the market to allow for use as a currency.

Coin speed seems fine.

If the issues can be overcome, POS seems to be the best way to go honestly. Plus, limiting the coin's total amount would limit supply and thus boost its price I think.

Actually, making this coin entirely inflationary by making it POS with 2% annual interest isn't necessarily a bad call either. POS should definitely be the future of crypto currency I think.

Honeypot

sr. member

Activity: 420

Merit: 250

Quote from: bob131313 on April 14, 2014, 03:06:31 PM

Have to consider what the reward for mining will be once max coins are issued. This might lower the security of the network significantly.
If we limit to 10 billion, adding a .01% inflation might be an option.

From a technical advantage side of the house, I can't think of any innovations that would advance us beyond the others. Updating to POS since it is the flavor of the week will have significant issues. Dif adjustment seems to be doing well enough, we have plenty of SAT on the market to allow for use as a currency.

Coin speed seems fine.

POS doesn't just seem to be 'flavor of the week'. It has definitive advantages.

I agree to a one good hard fork for any other changes necessary.

vagos

full member

Activity: 353

Merit: 100

Quote from: bob131313 on April 14, 2014, 03:06:31 PM

Have to consider what the reward for mining will be once max coins are issued. This might lower the security of the network significantly.
If we limit to 10 billion, adding a .01% inflation might be an option.

From a technical advantage side of the house, I can't think of any innovations that would advance us beyond the others. Updating to POS since it is the flavor of the week will have significant issues. Dif adjustment seems to be doing well enough, we have plenty of SAT on the market to allow for use as a currency.

Coin speed seems fine.

+1 agreed with bob

bob131313

sr. member

Activity: 420

Merit: 250

Have to consider what the reward for mining will be once max coins are issued. This might lower the security of the network significantly.
If we limit to 10 billion, adding a .01% inflation might be an option.

From a technical advantage side of the house, I can't think of any innovations that would advance us beyond the others. Updating to POS since it is the flavor of the week will have significant issues. Dif adjustment seems to be doing well enough, we have plenty of SAT on the market to allow for use as a currency.

Coin speed seems fine.

Honeypot

sr. member

Activity: 420

Merit: 250

If we are doing a hardfork soon, I'd say get it all done at once so no other changes are necessary in the future. Lowering the coin cap to 10 billion from 15 billion as it is now will only help the coin - having billions and billions doesn't do much to help a coin. 10 billion or lower is a good number for a crypto currency in terms of mainstream adoption.

A hard fork is not only necessary - it's inevitable once in a coin's life to enable greater integration and adoption. Might as well get everything done in one go.

I suggest brainstorming for additional technical changes and updates, so that we can get it all done at once.

Discuss.

Saturncoins

full member

Activity: 131

Merit: 100

Quote from: Belogvardeec on April 14, 2014, 02:44:55 PM

I think that the change of the total number of coins with up to 10 billion is a very bad idea. This change will undermine the trust of the community to Saturn.

That is why we ask the community before we make any important changes, please decide and suggest what changes would you like to see in the new updated wallet, the community will decide.

Belogvardeec

legendary

Activity: 1358

Merit: 1013

I think that the change of the total number of coins with up to 10 billion is a very bad idea. This change will undermine the trust of the community to Saturn.

Topic: [ ANN ] SAT² - A new dawn - PoS - No Premine - page 70. (Read 133214 times)