Here are some noob questions that I want addressed:
1. When can we expect to reach the coin limit(2billion coins)? Given that there currently are 204,040 coins in circulation, this cap seems beyond my life span? Or will we see an exponential growth when the POS really starts to set in?
2. Are coins generated mainly through POW or is POS the focus here?
3. What measures will be taken to make sure that the coins spreads in to the hands of many? As I see it, POS could lead to a centralization of supply.
1. When can we expect to reach the coin limit(2billion coins)? Given that there currently are 204,040 coins in circulation, this cap seems beyond my life span? Or will we see an exponential growth when the POS really starts to set in?
2. Are coins generated mainly through POW or is POS the focus here?
3. What measures will be taken to make sure that the coins spreads in to the hands of many? As I see it, POS could lead to a centralization of supply.
1. There's no hard limit of 2billion, that was my bad. Fees are destroyed. 2billion is the max one can send per TX
2. Most coins are generated through PoW. PoS is very small compared.
3. How would that lead? The many who want the coin can purchase it and use it or stake it
Fair launch, no instamine, POS for the people who don't have the privileges to mine, and a catchy name! Well done sir, looking forward to see how this pans out!
I like the idea of PoS, but if it would generates too much, it could be a problem - and by that I mean "the rich getting richer". But since there only is a low PoS the effect, as I see it, should be exclusively for the better.
