[KOBO] Kobocoin - An African peer to peer payment/micropayment system - page 54.

no141

sr. member

Activity: 294

Merit: 250

Quote from: topcat363 on February 26, 2015, 10:17:07 AM

Quote from: sempyper on February 26, 2015, 10:10:13 AM

Quote from: topcat363 on February 26, 2015, 10:06:05 AM

what would you say, roughly, would be the total possible coins per year?

we are now pure POS, so if someone were to stake 100% of all coins for an entire year, it would increase the coin supply by aroud around 10% per year. so if everyone staked in 1 year time it will increase the coin supply from 24 million to around 26million

yes so i think the OP is a bit misleading? idk Huh

The volume of coins can grow more than 10% per year. Due to the time needed to stake different sized groups of coins, compounding interest gets confusing. If a wallet is closed all year, and opened once, they will earn 10%. A wallet open year round, might be able to eek out up to a 2% advantage, possibly more. Someone could probably calculate this out, and reserve some larger blocks of coins, so they don't get split so fast without working up some interest, and come out ahead--this is just because big coin amounts split faster. If you are moving this coin around, every time you do, you reset it's age and it looses that accrued interest.

@TheTribesman, I'm sure people are interested in seeing how many coins they earned staking. Is there any way we could have a second blockchain explorer at cryptoid.info? That one should allow us to see how much an address earned in stakes. Unless that could be added to the wallet?

topcat363

sr. member

Activity: 392

Merit: 250

Quote from: sempyper on February 26, 2015, 10:10:13 AM

Quote from: topcat363 on February 26, 2015, 10:06:05 AM

Quote from: no141 on February 26, 2015, 10:01:43 AM

What I see in the source code is currently no transaction can exceed the total supply of 350,000,000 possible coins. I didn't really dig deeper and see how staking would continue after that or if it counted the total volume of coins in adding interest to the staked coins. The whole point of this was to show the confusion for people looking at that first post and thinking this coin had a lot of coins out there. My main point was max coins after POW could be listed. Also If there was a visual chart of now total possible coins each year, people would see what great shape it's in currently.

If you believe in this coin, just don't hold them, buy them up while they are cheap!

what would you say, roughly, would be the total possible coins per year?

we are now pure POS, so if someone were to stake 100% of all coins for an entire year, it would increase the coin supply by aroud around 10% per year. so if everyone staked in 1 year time it will increase the coin supply from 24 million to around 26million

yes so i think the OP is a bit misleading? idk Huh

sempyper

sr. member

Activity: 269

Merit: 250

Quote from: topcat363 on February 26, 2015, 10:06:05 AM

Quote from: no141 on February 26, 2015, 10:01:43 AM

What I see in the source code is currently no transaction can exceed the total supply of 350,000,000 possible coins. I didn't really dig deeper and see how staking would continue after that or if it counted the total volume of coins in adding interest to the staked coins. The whole point of this was to show the confusion for people looking at that first post and thinking this coin had a lot of coins out there. My main point was max coins after POW could be listed. Also If there was a visual chart of now total possible coins each year, people would see what great shape it's in currently.

If you believe in this coin, just don't hold them, buy them up while they are cheap!

what would you say, roughly, would be the total possible coins per year?

we are now pure POS, so if someone were to stake 100% of all coins for an entire year, it would increase the coin supply by aroud around 10% per year. so if everyone staked in 1 year time it will increase the coin supply from 24 million to around 26million

leigh2k14

legendary

Activity: 1288

Merit: 1000

Quote from: topcat363 on February 26, 2015, 10:06:05 AM

Quote from: no141 on February 26, 2015, 10:01:43 AM

What I see in the source code is currently no transaction can exceed the total supply of 350,000,000 possible coins. I didn't really dig deeper and see how staking would continue after that or if it counted the total volume of coins in adding interest to the staked coins. The whole point of this was to show the confusion for people looking at that first post and thinking this coin had a lot of coins out there. My main point was max coins after POW could be listed. Also If there was a visual chart of now total possible coins each year, people would see what great shape it's in currently.

If you believe in this coin, just don't hold them, buy them up while they are cheap!

what would you say, roughly, would be the total possible coins per year?

Upto 10%

topcat363

sr. member

Activity: 392

Merit: 250

Quote from: no141 on February 26, 2015, 10:01:43 AM

What I see in the source code is currently no transaction can exceed the total supply of 350,000,000 possible coins. I didn't really dig deeper and see how staking would continue after that or if it counted the total volume of coins in adding interest to the staked coins. The whole point of this was to show the confusion for people looking at that first post and thinking this coin had a lot of coins out there. My main point was max coins after POW could be listed. Also If there was a visual chart of now total possible coins each year, people would see what great shape it's in currently.

If you believe in this coin, just don't hold them, buy them up while they are cheap!

what would you say, roughly, would be the total possible coins per year?

no141

sr. member

Activity: 294

Merit: 250

What I see in the source code is currently no transaction can exceed the total supply of 350,000,000 possible coins. I didn't really dig deeper and see how staking would continue after that or if it counted the total volume of coins in adding interest to the staked coins. The whole point of this was to show the confusion for people looking at that first post and thinking this coin had a lot of coins out there. My main point was max coins after POW could be listed. Also If there was a visual chart of now total possible coins each year, people would see what great shape it's in currently.

If you believe in this coin, just don't hold them, buy them up while they are cheap!

topcat363

sr. member

Activity: 392

Merit: 250

Quote from: leigh2k14 on February 26, 2015, 08:55:01 AM

I'm happy about the current coin supply as it makes my coins a lot more valuable

YES only 24 million coins. Navajocoin has i think 50million and is at 3000 sat. We're at 200? HAHA.. So you might as well hold like the rest of us

TheTribesman

legendary

Activity: 1019

Merit: 1003

Kobocoin - Mobile Money for Africa

Quote from: topcat363 on February 26, 2015, 08:36:39 AM

Quote from: TheTribesman on February 26, 2015, 08:29:07 AM

Quote from: topcat363 on February 26, 2015, 08:16:46 AM

Quote from: Vlizzjeffrey on February 26, 2015, 07:09:01 AM

350 is the max ammount of coins ever to be in existence, whats not to understand about it?
if you just count, first 43,200 blocks were all POW, that makes max ammount coins after pow 43 mil, if you count all the blocks as pow.

this has been the same for every other pow/pos altcoin, people always have understood this, and suddenly people dont understand it anymore?? wtf

this makes no sense. projections were not even CLOSE to this. just let the dev explain

Hi Topcat

I'm not really sure what your query is. This is how PoW/PoS works. I have no control over when people decide to stake their coins. Some people decided to start staking from day 1. I'm not sure how I was meant to be in control of that.

Can you explain what you mean about the projections not being close?

The source code is available on Github for inspection.

blockchain.kobocoin.com - Block explorer. Please feel free to check the full history on the blockchain.

Im just confused on how we can go from 23 million current coins to over 350million expected. thats all =) especially since pow is over

At one point I was getting worried too. I'm glad PoW is over.

leigh2k14

legendary

Activity: 1288

Merit: 1000

I'm happy about the current coin supply as it makes my coins a lot more valuable

topcat363

sr. member

Activity: 392

Merit: 250

Quote from: TheTribesman on February 26, 2015, 08:29:07 AM

Quote from: topcat363 on February 26, 2015, 08:16:46 AM

Quote from: Vlizzjeffrey on February 26, 2015, 07:09:01 AM

350 is the max ammount of coins ever to be in existence, whats not to understand about it?
if you just count, first 43,200 blocks were all POW, that makes max ammount coins after pow 43 mil, if you count all the blocks as pow.

this has been the same for every other pow/pos altcoin, people always have understood this, and suddenly people dont understand it anymore?? wtf

this makes no sense. projections were not even CLOSE to this. just let the dev explain

Hi Topcat

I'm not really sure what your query is. This is how PoW/PoS works. I have no control over when people decide to stake their coins. Some people decided to start staking from day 1. I'm not sure how I was meant to be in control of that.

Can you explain what you mean about the projections not being close?

The source code is available on Github for inspection.

blockchain.kobocoin.com - Block explorer. Please feel free to check the full history on the blockchain.

Im just confused on how we can go from 23 million current coins to over 350million expected. thats all =) especially since pow is over

TheTribesman

legendary

Activity: 1019

Merit: 1003

Kobocoin - Mobile Money for Africa

Quote from: topcat363 on February 26, 2015, 08:16:46 AM

Quote from: Vlizzjeffrey on February 26, 2015, 07:09:01 AM

350 is the max ammount of coins ever to be in existence, whats not to understand about it?
if you just count, first 43,200 blocks were all POW, that makes max ammount coins after pow 43 mil, if you count all the blocks as pow.

this has been the same for every other pow/pos altcoin, people always have understood this, and suddenly people dont understand it anymore?? wtf

this makes no sense. projections were not even CLOSE to this. just let the dev explain

Hi Topcat

I'm not really sure what your query is. This is how PoW/PoS works. I have no control over when people decide to stake their coins. Some people decided to start staking from day 1. I'm not sure how I was meant to be in control of that.

Can you explain what you mean about the projections not being close?

The source code is available on Github for inspection.

blockchain.kobocoin.com - Block explorer. Please feel free to check the full history on the blockchain.

topcat363

sr. member

Activity: 392

Merit: 250

Quote from: Vlizzjeffrey on February 26, 2015, 07:09:01 AM

350 is the max ammount of coins ever to be in existence, whats not to understand about it?
if you just count, first 43,200 blocks were all POW, that makes max ammount coins after pow 43 mil, if you count all the blocks as pow.

this has been the same for every other pow/pos altcoin, people always have understood this, and suddenly people dont understand it anymore?? wtf

this makes no sense. projections were not even CLOSE to this. just let the dev explain

Vlizzjeffrey

hero member

Activity: 784

Merit: 503

Bitcoin King BTC

350 is the max ammount of coins ever to be in existence, whats not to understand about it?
if you just count, first 43,200 blocks were all POW, that makes max ammount coins after pow 43 mil, if you count all the blocks as pow.

this has been the same for every other pow/pos altcoin, people always have understood this, and suddenly people dont understand it anymore?? wtf

darkslash

full member

Activity: 238

Merit: 100

Quote from: Jonesd on February 26, 2015, 02:29:28 AM

Hello,

Can you tell me a bit about this coin? Active dev still?

dev is very active do some research on him he is a well respected person in the crypto community

and with only 24M coins things should get interesting very soon 200sat is super cheap

Jonesd

legendary

Activity: 1876

Merit: 1014

Hello,

Can you tell me a bit about this coin? Active dev still?

darkslash

full member

Activity: 238

Merit: 100

Quote from: topcat363 on February 26, 2015, 01:02:12 AM

Quote from: speedy1987 on February 25, 2015, 09:06:30 PM

So there are only 24 M coins after POW.
It can easily double in price.
Cool. I will hodl my coins.

double? idk we just found out there is actually only a tenth of the coins that we were expecting...new floor will be 1k

that would be nice

topcat363

sr. member

Activity: 392

Merit: 250

Quote from: speedy1987 on February 25, 2015, 09:06:30 PM

So there are only 24 M coins after POW.
It can easily double in price.
Cool. I will hodl my coins.

double? idk we just found out there is actually only a tenth of the coins that we were expecting...new floor will be 1k

speedy1987

sr. member

Activity: 462

Merit: 250

So there are only 24 M coins after POW.
It can easily double in price.
Cool. I will hodl my coins.

TheTribesman

legendary

Activity: 1019

Merit: 1003

Kobocoin - Mobile Money for Africa

Quote from: ocminer on February 25, 2015, 06:24:01 AM

Stratums @ Suprnova have been shut, had a great time mining with you guys, thanks a lot and please don't forget to withdraw your funds.

Thanks for everything. It's definitely been a ride!

no141

sr. member

Activity: 294

Merit: 250

Currently there's 2BTC worth of demand for this coin on bittrex, we just need to prove to them the coin is worth more than they are offering. Get people excited about this coin!

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