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Topic: [ANN] [SFR] SaffronCoin | Latest Version - 1.4.2/2.6.2 | Mandatory Wallet Update - page 125. (Read 437833 times)

legendary
Activity: 1190
Merit: 1002
This is how the reward graph will look over a span of 120 years, a gradual decrease of Block reward. Such a model will bring a stable balance between investors and miners unlike the traditional halving method.

Once you all approve, we will push the update.

Any queries or clarifications, do ask.





P.S. For newcomers, this supply control decision was taken by the community and not the Dev team alone.

Vote +1
hero member
Activity: 560
Merit: 500
This is how the reward graph will look over a span of 120 years, a gradual decrease of Block reward. Such a model will bring a stable balance between investors and miners unlike the traditional halving method.

Once you all approve, we will push the update.

Any queries or clarifications, do ask.





P.S. For newcomers, this supply control decision was taken by the community and not the Dev team alone.
hero member
Activity: 868
Merit: 1000
Dev, you said a bit[ as in a small amount ] but the the poll says "Yes, reduce reward to 35-40 which would effectively cut supply by half"

Is that where we are heading i.e  a reward reduction by approx 50% with the same block times ?




  Will the changes reduce the overall coins produced or just slow the rate of production?

The max coins and daily supply will be reduced a bit.

IRC CHAT:

[04:31] Hey guys
[04:31] Have prepared an outline of the supply control
[04:32] Want your views so that we can implement it
[04:33] Max coins 78M(65M after coming hardfork and 13M current supply)
[04:34] We are implementing gradual decrease of rewards. This helps in preventing inflation in the long run
[04:34] Not a fixed supply cutdown
[04:35] First 6 months, 30K supply/day
[04:35] For 1 yr after that, gradual decrease from 30K-15K
[04:35] For 2 years after that, gradual decrease from 15K-10K
[04:36] For 4 yrs after that 10K-5K
[04:36] For 10yrs after that, 5K-1K

Community have to agree.
hero member
Activity: 728
Merit: 504
Dev, you said a bit[ as in a small amount ] but the the poll says "Yes, reduce reward to 35-40 which would effectively cut supply by half"

Is that where we are heading i.e  a reward reduction by approx 50% with the same block times ?




  Will the changes reduce the overall coins produced or just slow the rate of production?

The max coins and daily supply will be reduced a bit.
hero member
Activity: 560
Merit: 500
Mock of the Android Wallet. Thanks to Charles we have finished the 1st stage :




Great  Grin, twitted about it.  Wink
sr. member
Activity: 385
Merit: 250
Author allows the currency coin-ga.me it? Where in addition to the transaction, but also to play the game Grin
hero member
Activity: 560
Merit: 500
  Will the changes reduce the overall coins produced or just slow the rate of production?

The max coins and daily supply will be reduced a bit.
legendary
Activity: 1120
Merit: 1003
  Will the changes reduce the overall coins produced or just slow the rate of production?
hero member
Activity: 560
Merit: 500
Mock of the Android Wallet. Thanks to Charles we have finished the 1st stage :

hero member
Activity: 560
Merit: 500
Since the Poll is going only 1 way, we will stop the poll after 24 hours and start working on the appropriate supply. We will be pushing the update in a few days. We will give 2 weeks for everyone to update which i feel is ample.

Dev did you consider about implementing Moore's Law as well ?

No it can't be done for Multi-Algo.
full member
Activity: 210
Merit: 100
Since the Poll is going only 1 way, we will stop the poll after 24 hours and start working on the appropriate supply. We will be pushing the update in a few days. We will give 2 weeks for everyone to update which i feel is ample.

Dev did you consider about implementing Moore's Law as well ?
hero member
Activity: 560
Merit: 500
Since the Poll is going only 1 way, we will stop the poll after 24 hours and start working on the appropriate supply. We will be pushing the update in a few days. We will give 2 weeks for everyone to update which i feel is ample.
full member
Activity: 168
Merit: 100
The author how not to come out to update the news? Run the road? Huh Huh Huh Huh Huh Huh

Paper is reading the white best released.
legendary
Activity: 1484
Merit: 1000
The author how not to come out to update the news? Run the road? Huh Huh Huh Huh Huh Huh
Read white paper and relax  for now  Wink
member
Activity: 68
Merit: 10
The author how not to come out to update the news? Run the road? Huh Huh Huh Huh Huh Huh
hero member
Activity: 560
Merit: 500
Great, but people want to earn money, that's why they invest in GOOD coins like I hope SFR is.

So let them invest with their personal reasons.

Have a nice day!  Wink
legendary
Activity: 1232
Merit: 1000
We arent much looking for people with merely technical reasons to join this coin. They just pump and dump. We need people to join because of fundamentals. Saffroncoin is implementing some really innovative features which a lot of people are not noticing!
hero member
Activity: 560
Merit: 500
Hi all, I'm new here.

Looking at 1w chart, rebound to 2.5-maybe 3 is very possible.

I'm in.
member
Activity: 85
Merit: 10
The Devs did a great interview which I posted just now, you can read it here:


http://altcoinspeculation.com/developer-interview-saffroncoin-sfr/



As for reducing the supply I have reservations about it, check out a recent post about the demand and supply debate:

http://altcoinspeculation.com/a-debate-about-coin-supply-rates-vs-coin-demand/
hero member
Activity: 585
Merit: 500
good job dev,this is a pretty good coin
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