We are working on the pos, something went wrong...á
and, at the same time, correct pos-model please.
3 per year is ridiculously small.
must be 0.2-0.3 per day (about 100% annually)
I agree.
I think that may be OK for the first year to encourage people to hold onto the coins and not dump them right away. But currencies should be stable and not have high rates of inflation, so I think that after 1 year 3 % is good.
I think that the way interest is given for these coins is somewhat confusing and not clear to people. Well why don't we do it the same way banks do it by specifying an Annual Percentage Rate (APR) and an annual yield compounded daily. People are familiar with that.
Say in the first year we want the coins to basically double to encourage people to hold on:
APR = 70%
Annual Yield = (1+0.7/365)^365-1 = 101%
Yield for n days = (1+0.7/365)^n-1
After one year, say we want about a 3 % increase in coins:
APR = 3%
Annual Yield = (1+0.03/365)^365-1 = 3.045%
Yield for n days = (1+0.03/365)^n-1
When people ask how this coin is distinguished from other coins we can point this out. Whether any other coins do this, I don't know.
