Topic: [ANN][OC] Orangecoin ★★ POS ★★ Anon Transactions ★★ Masternodes - page 84. (Read 209560 times)

Quote from: Jim_Rambler on June 08, 2014, 07:58:54 PM

Also, just to throw it out there, it would take one year of shortening the 2.5% PoS to provide the Mnodes with 5+ million coins.

Any way how you choose the payout schedule, how would you be able to program the OC itself to divide 5 million coins over 45 or 46 years to work harmoniously with PoS? Won't PoS generate 20% of all coins, including the Mnodes payout?
Thats where I can't answer since I don't know the mechanics.

that is the easy part after we get the number, to write the code. it's part of seeing what we end up doing how i work the numbers to run. but what we are thinking is paying out every masternode their % of every block reward. so (and sry this is off my mobile) lets say we go with 2.5% and we dont change the 20% PoS. This is rough math here but starting the MN now and taking out the month that has already been passed. MN get 1,062,500 still left paid out over the next about 11 months. so just say there is 330 days left in this year that means masternodes get 4.4718 coins per block to be divided between the total number of masternodes. once again sry for the rough numbers

ok so that 1,062,500 looked high if that was only 1 year and we said 5 million was going to last 46 yrs. so i factored the 2.5% compounding interest over 46 years and we would need to add a little over 104 million to the coin cap to keep the PoS the same as it is now.

Yes also I think reducing the PoS % rate after all the advertising amounts to breach of contract with the people that have already invested in OrangeCoin... bad idea, negative PR for the coin.

I'm just going to repost my original numbers so we can re look at them

yr1 PoS 18% MN 2%
yr2 PoS 8.5% MN 1.5%
yr3 PoS 3.5% MN 1.5%
Flat PoS 1% MN 1.5%

Your right it does change things a little vs adding almost 105 million to the coin cap

How bout this?

yr1 PoS 18% MN 2%
yr2 PoS 8.5% MN 1.5%
yr3 PoS 3.5% MN 1.5%
Flat PoS 1.5% MN 1%

Adding to the total number of coins dilutes the value of existing coins, another unadvertised reduction in coin value that could result in litigation. Has anyone considered raising the transfer cost to compensate?
This would seem to be the only way that doesn't renege on promises already made.

one also might consider that optional anonymity would reduced the number of people using expensive methods. actual need or even desire for anon in practice could easily be 10% or less. I don't think people who want it will mind paying for it, and even if they do, we are finding out here that in real life anon has a price, which imo should be paid strictly by the people using it.

phoneled

full member

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wow, anno too?

fonzerrellie

legendary

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Kaspa

good thought on raising the tx's but by how much?? and that would mean if it's not being used/tranfered around then no tx fee's to collect?

I like the idea of maybe taking a year or two off the end of pos stage making it 44 yrs instead of 46

PS this new kingcoiny exchange is pretty slick... super fast trades and super easy to use, easy on the eye's as well.

sitting around 500 at the moment

btcMagnet

newbie

Activity: 28

Merit: 0

Quote from: btcMagnet on June 08, 2014, 07:43:13 PM

Quote from: Jim_Rambler on June 08, 2014, 06:33:02 PM

Quote from: Jim_Rambler on June 08, 2014, 05:58:59 PM

Quote from: btcMagnet on June 08, 2014, 07:43:13 PM

Also, just to throw it out there, it would take one year of shortening the 2.5% PoS to provide the Mnodes with 5+ million coins.

Any way how you choose the payout schedule, how would you be able to program the OC itself to divide 5 million coins over 45 or 46 years to work harmoniously with PoS? Won't PoS generate 20% of all coins, including the Mnodes payout?
Thats where I can't answer since I don't know the mechanics.

that is the easy part after we get the number, to write the code. it's part of seeing what we end up doing how i work the numbers to run. but what we are thinking is paying out every masternode their % of every block reward. so (and sry this is off my mobile) lets say we go with 2.5% and we dont change the 20% PoS. This is rough math here but starting the MN now and taking out the month that has already been passed. MN get 1,062,500 still left paid out over the next about 11 months. so just say there is 330 days left in this year that means masternodes get 4.4718 coins per block to be divided between the total number of masternodes. once again sry for the rough numbers

ok so that 1,062,500 looked high if that was only 1 year and we said 5 million was going to last 46 yrs. so i factored the 2.5% compounding interest over 46 years and we would need to add a little over 104 million to the coin cap to keep the PoS the same as it is now.

Yes also I think reducing the PoS % rate after all the advertising amounts to breach of contract with the people that have already invested in OrangeCoin... bad idea, negative PR for the coin.

I'm just going to repost my original numbers so we can re look at them

yr1 PoS 18% MN 2%
yr2 PoS 8.5% MN 1.5%
yr3 PoS 3.5% MN 1.5%
Flat PoS 1% MN 1.5%

Your right it does change things a little vs adding almost 105 million to the coin cap

How bout this?

yr1 PoS 18% MN 2%
yr2 PoS 8.5% MN 1.5%
yr3 PoS 3.5% MN 1.5%
Flat PoS 1.5% MN 1%

Adding to the total number of coins dilutes the value of existing coins, another unadvertised reduction in coin value that could result in litigation. Has anyone considered raising the transfer cost to compensate?
This would seem to be the only way that doesn't renege on promises already made.

Jim_Rambler

member

Activity: 70

Merit: 10

Quote from: Jim_Rambler on June 08, 2014, 06:33:02 PM

Quote from: Jim_Rambler on June 08, 2014, 05:58:59 PM

Quote from: Jim_Rambler on June 08, 2014, 06:33:02 PM

Also, just to throw it out there, it would take one year of shortening the 2.5% PoS to provide the Mnodes with 5+ million coins.

Any way how you choose the payout schedule, how would you be able to program the OC itself to divide 5 million coins over 45 or 46 years to work harmoniously with PoS? Won't PoS generate 20% of all coins, including the Mnodes payout?
Thats where I can't answer since I don't know the mechanics.

that is the easy part after we get the number, to write the code. it's part of seeing what we end up doing how i work the numbers to run. but what we are thinking is paying out every masternode their % of every block reward. so (and sry this is off my mobile) lets say we go with 2.5% and we dont change the 20% PoS. This is rough math here but starting the MN now and taking out the month that has already been passed. MN get 1,062,500 still left paid out over the next about 11 months. so just say there is 330 days left in this year that means masternodes get 4.4718 coins per block to be divided between the total number of masternodes. once again sry for the rough numbers

ok so that 1,062,500 looked high if that was only 1 year and we said 5 million was going to last 46 yrs. so i factored the 2.5% compounding interest over 46 years and we would need to add a little over 104 million to the coin cap to keep the PoS the same as it is now.

Yes also I think reducing the PoS % rate after all the advertising amounts to breach of contract with the people that have already invested in OrangeCoin... bad idea, negative PR for the coin.

I'm just going to repost my original numbers so we can re look at them

yr1 PoS 18% MN 2%
yr2 PoS 8.5% MN 1.5%
yr3 PoS 3.5% MN 1.5%
Flat PoS 1% MN 1.5%

Your right it does change things a little vs adding almost 105 million to the coin cap

How bout this?

yr1 PoS 18% MN 2%
yr2 PoS 8.5% MN 1.5%
yr3 PoS 3.5% MN 1.5%
Flat PoS 1.5% MN 1%

btcMagnet

newbie

Activity: 28

Merit: 0

Quote from: Jim_Rambler on June 08, 2014, 05:58:59 PM

Quote from: Jim_Rambler on June 08, 2014, 05:58:59 PM

Also, just to throw it out there, it would take one year of shortening the 2.5% PoS to provide the Mnodes with 5+ million coins.

Any way how you choose the payout schedule, how would you be able to program the OC itself to divide 5 million coins over 45 or 46 years to work harmoniously with PoS? Won't PoS generate 20% of all coins, including the Mnodes payout?
Thats where I can't answer since I don't know the mechanics.

that is the easy part after we get the number, to write the code. it's part of seeing what we end up doing how i work the numbers to run. but what we are thinking is paying out every masternode their % of every block reward. so (and sry this is off my mobile) lets say we go with 2.5% and we dont change the 20% PoS. This is rough math here but starting the MN now and taking out the month that has already been passed. MN get 1,062,500 still left paid out over the next about 11 months. so just say there is 330 days left in this year that means masternodes get 4.4718 coins per block to be divided between the total number of masternodes. once again sry for the rough numbers

ok so that 1,062,500 looked high if that was only 1 year and we said 5 million was going to last 46 yrs. so i factored the 2.5% compounding interest over 46 years and we would need to add a little over 104 million to the coin cap to keep the PoS the same as it is now.

Yes also I think reducing the PoS % rate after all the advertising amounts to breach of contract with the people that have already invested in OrangeCoin... bad idea, negative PR for the coin.

Jim_Rambler

member

Activity: 70

Merit: 10

Also, just to throw it out there, it would take one year of shortening the 2.5% PoS to provide the Mnodes with 5+ million coins.

Any way how you choose the payout schedule, how would you be able to program the OC itself to divide 5 million coins over 45 or 46 years to work harmoniously with PoS? Won't PoS generate 20% of all coins, including the Mnodes payout?
Thats where I can't answer since I don't know the mechanics.

that is the easy part after we get the number, to write the code. it's part of seeing what we end up doing how i work the numbers to run. but what we are thinking is paying out every masternode their % of every block reward. so (and sry this is off my mobile) lets say we go with 2.5% and we dont change the 20% PoS. This is rough math here but starting the MN now and taking out the month that has already been passed. MN get 1,062,500 still left paid out over the next about 11 months. so just say there is 330 days left in this year that means masternodes get 4.4718 coins per block to be divided between the total number of masternodes. once again sry for the rough numbers

ok so that 1,062,500 looked high if that was only 1 year and we said 5 million was going to last 46 yrs. so i factored the 2.5% compounding interest over 46 years and we would need to add a little over 104 million to the coin cap to keep the PoS the same as it is now.

Jim_Rambler

member

Activity: 70

Merit: 10

Quote from: Halofire on June 08, 2014, 05:22:57 PM

Also, just to throw it out there, it would take one year of shortening the 2.5% PoS to provide the Mnodes with 5+ million coins.

Any way how you choose the payout schedule, how would you be able to program the OC itself to divide 5 million coins over 45 or 46 years to work harmoniously with PoS? Won't PoS generate 20% of all coins, including the Mnodes payout?
Thats where I can't answer since I don't know the mechanics.

that is the easy part after we get the number, to write the code. it's part of seeing what we end up doing how i work the numbers to run. but what we are thinking is paying out every masternode their % of every block reward. so (and sry this is off my mobile) lets say we go with 2.5% and we dont change the 20% PoS. This is rough math here but starting the MN now and taking out the month that has already been passed. MN get 1,062,500 still left paid out over the next about 11 months. so just say there is 330 days left in this year that means masternodes get 4.4718 coins per block to be divided between the total number of masternodes. once again sry for the rough numbers

Halofire

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Activity: 938

Merit: 1000

@halofirebtc

Also, just to throw it out there, it would take one year of shortening the 2.5% PoS to provide the Mnodes with 5+ million coins.

Any way how you choose the payout schedule, how would you be able to program the OC itself to divide 5 million coins over 45 or 46 years to work harmoniously with PoS? Won't PoS generate 20% of all coins, including the Mnodes payout?
Thats where I can't answer since I don't know the mechanics.

Jim_Rambler

member

Activity: 70

Merit: 10

Quote from: Jim_Rambler on June 08, 2014, 05:18:47 PM

Quote from: ?? on ??

Quote from: Jim_Rambler on June 08, 2014, 04:50:18 PM

Quote from: Jim_Rambler on June 08, 2014, 05:18:47 PM

Halofire, Jim Rambler,

It would be great if you could make a few calculation on what would be possible with all those great ideas.( New Pos rates, Mnodes rates, New coin capacity, Period)

We might be able to find a great new structure tonight

I am sure you will come out with great numbers.

To determine what the cap max should be if PoS cut 50%:
If we cut the PoS by 50%, we would need to reduce coin cap by 1/2 to maintain stakers ROI. Cap at 100 million (or less) to theoretically double the price/value. Add in Mnodes, now coin cap has to be 101,225,000 or less.

Ok I think I got what your saying here, paint me the full picture so I know it's waht you mean. PoS 50% cut MN @ what %

Mn @ 2.5%. i screwed my math up. i edited this original post to say 102.5 million not 101225000

You're going to laugh. Either I'm having a serious brainfart, or...

Should just add 5 million (2.5% of 200 million) to the coin cap now for the Mnodes and leave everything else the same as it is now, same result, except our held coins remain worth the same and holders don't get rewarded. We'd have to divide the amount of coins already in circulation for it to work correctly.

yeah 2.5% seems like a lot but its really not and 5 million probably works I'm on my mobile now but give me a sec to do the math, 5 mill prob last the whole 46 years at 2.5%

the reason I shifted % originally was to give incentive to put up maternodes with out just raising coin cap

5 million cap raise to accommodate a feature is really negligable if you think about how it impacts 200 million over 46 years.

very true!! my thoughts came from one of my favorite things about crypto, to add things you must go to the people and ask, rather then just print more money. Like we see so much now a days, but i like this idea and we will see how others weigh in?

Halofire

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Activity: 938

Merit: 1000

@halofirebtc

Quote from: ?? on ??

Quote from: Jim_Rambler on June 08, 2014, 04:50:18 PM

Halofire, Jim Rambler,

It would be great if you could make a few calculation on what would be possible with all those great ideas.( New Pos rates, Mnodes rates, New coin capacity, Period)

We might be able to find a great new structure tonight

I am sure you will come out with great numbers.

To determine what the cap max should be if PoS cut 50%:
If we cut the PoS by 50%, we would need to reduce coin cap by 1/2 to maintain stakers ROI. Cap at 100 million (or less) to theoretically double the price/value. Add in Mnodes, now coin cap has to be 101,225,000 or less.

Ok I think I got what your saying here, paint me the full picture so I know it's waht you mean. PoS 50% cut MN @ what %

Mn @ 2.5%. i screwed my math up. i edited this original post to say 102.5 million not 101225000

You're going to laugh. Either I'm having a serious brainfart, or...

Should just add 5 million (2.5% of 200 million) to the coin cap now for the Mnodes and leave everything else the same as it is now, same result, except our held coins remain worth the same and holders don't get rewarded. We'd have to divide the amount of coins already in circulation for it to work correctly.

yeah 2.5% seems like a lot but its really not and 5 million probably works I'm on my mobile now but give me a sec to do the math, 5 mill prob last the whole 46 years at 2.5%

the reason I shifted % originally was to give incentive to put up maternodes with out just raising coin cap

5 million cap raise to accommodate a feature is really negligable if you think about how it impacts 200 million over 46 years.

Jim_Rambler

member

Activity: 70

Merit: 10

Quote from: ?? on ??

Quote from: Jim_Rambler on June 08, 2014, 04:50:18 PM

Quote from: Jim_Rambler on June 08, 2014, 05:06:58 PM

Halofire, Jim Rambler,

It would be great if you could make a few calculation on what would be possible with all those great ideas.( New Pos rates, Mnodes rates, New coin capacity, Period)

We might be able to find a great new structure tonight

I am sure you will come out with great numbers.

To determine what the cap max should be if PoS cut 50%:
If we cut the PoS by 50%, we would need to reduce coin cap by 1/2 to maintain stakers ROI. Cap at 100 million (or less) to theoretically double the price/value. Add in Mnodes, now coin cap has to be 101,225,000 or less.

Ok I think I got what your saying here, paint me the full picture so I know it's waht you mean. PoS 50% cut MN @ what %

Mn @ 2.5%. i screwed my math up. i edited this original post to say 102.5 million not 101225000

You're going to laugh. Either I'm having a serious brainfart, or...

Should just add 5 million (2.5% of 200 million) to the coin cap now for the Mnodes and leave everything else the same as it is now, same result, except our held coins remain worth the same and holders don't get rewarded. We'd have to divide the amount of coins already in circulation for it to work correctly.

yeah 2.5% seems like a lot but its really not and 5 million probably works I'm on my mobile now but give me a sec to do the math, 5 mill prob last the whole 46 years at 2.5%

the reason I shifted % originally was to give incentive to put up maternodes with out just raising coin cap

cryptoba

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Quote from: Jim_Rambler on June 08, 2014, 05:06:58 PM

Halofire, Jim Rambler,

It would be great if you could make a few calculation on what would be possible with all those great ideas.( New Pos rates, Mnodes rates, New coin capacity, Period)

We might be able to find a great new structure tonight

I am sure you will come out with great numbers.

To determine what the cap max should be if PoS cut 50%:
If we cut the PoS by 50%, we would need to reduce coin cap by 1/2 to maintain stakers ROI. Cap at 100 million (or less) to theoretically double the price/value. Add in Mnodes, now coin cap has to be ~~101,225,000~~ 102.5 million or less. So IMO, 84 or 88 or 102.5 all work.

Like this
- 1st Year: 10% Pos 2.5% MN

- 2nd Year : 2.5% Pos 2.5% MN

- 3rd yr/Flat: 1.25% Pos 2.5% MN

(102.5 million coin cap)

need to plug these numbers in or do you know how many years?

I think we should really follow this direction if possible.

Halofire

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Activity: 938

Merit: 1000

@halofirebtc

Halofire, Jim Rambler,

It would be great if you could make a few calculation on what would be possible with all those great ideas.( New Pos rates, Mnodes rates, New coin capacity, Period)

We might be able to find a great new structure tonight

I am sure you will come out with great numbers.

To determine what the cap max should be if PoS cut 50%:
If we cut the PoS by 50%, we would need to reduce coin cap by 1/2 to maintain stakers ROI. Cap at 100 million (or less) to theoretically double the price/value. Add in Mnodes, now coin cap has to be ~~101,225,000~~ 102.5 million or less. So IMO, 84 or 88 or 102.5 all work.

Like this
- 1st Year: 10% Pos 2.5% MN

- 2nd Year : 2.5% Pos 2.5% MN

- 3rd yr/Flat: 1.25% Pos 2.5% MN

(102.5 million coin cap)

need to plug these numbers in or do you know how many years?

~15 years

Specialkey

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Activity: 504

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Quote from: Jim_Rambler on June 08, 2014, 04:50:18 PM

Halofire, Jim Rambler,

It would be great if you could make a few calculation on what would be possible with all those great ideas.( New Pos rates, Mnodes rates, New coin capacity, Period)

We might be able to find a great new structure tonight

I am sure you will come out with great numbers.

To determine what the cap max should be if PoS cut 50%:
If we cut the PoS by 50%, we would need to reduce coin cap by 1/2 to maintain stakers ROI. Cap at 100 million (or less) to theoretically double the price/value. Add in Mnodes, now coin cap has to be 101,225,000 or less.

Ok I think I got what your saying here, paint me the full picture so I know it's waht you mean. PoS 50% cut MN @ what %

Mn @ 2.5%. i screwed my math up. i edited this original post to say 102.5 million not 101225000

102,5 Mio good number I think:-)

Jim_Rambler

member

Activity: 70

Merit: 10

Quote from: Jim_Rambler on June 08, 2014, 04:50:18 PM

Halofire, Jim Rambler,

It would be great if you could make a few calculation on what would be possible with all those great ideas.( New Pos rates, Mnodes rates, New coin capacity, Period)

We might be able to find a great new structure tonight

I am sure you will come out with great numbers.

To determine what the cap max should be if PoS cut 50%:
If we cut the PoS by 50%, we would need to reduce coin cap by 1/2 to maintain stakers ROI. Cap at 100 million (or less) to theoretically double the price/value. Add in Mnodes, now coin cap has to be ~~101,225,000~~ 102.5 million or less. So IMO, 84 or 88 or 102.5 all work.

Like this
- 1st Year: 10% Pos 2.5% MN

- 2nd Year : 2.5% Pos 2.5% MN

- 3rd yr/Flat: 1.25% Pos 2.5% MN

(102.5 million coin cap)

need to plug these numbers in or do you know how many years?

Halofire

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Activity: 938

Merit: 1000

@halofirebtc