...About the 10% PoS and 350,000,000 Total coins, not that sure about it.
We need the 10% stake to increase the interest in the coin while it's being adopted by the real users, but you don't want 10% inflation every year.
I mean, with a total 350M coins it will take more than 25 years to achieve it (maths down below) while 100M coins will take almost 15year.
I think in 15 years this coin is gonna be used by the people it's focused on, so no need to have another 10years of 10% pos.
25.000.000
27.500.000
...
297.954.413
327.749.855
I agree with your numbers as a theoretical maximum using 10% but the real life empirically based rate of inflation is more like 1% per year due to the fact that not many people are stake mining, hence the 10% is never realized, in fact based on most of blocks produced during January, the figure is
only 1.134% [24,910,596 - 24,888,934. Over the last 28 days exactly]
Here are my numbers based on the actual kobocoin explorer data.
Using compound interest of 1.134% per annum:-
January 2018: 24,910,596
January 2019: 25,193,108
...
January 2032: 29,170,988
January 2033: 29,501,818
Absolutely! Thanks for the analysis. The kobocoin blockchain will still be emitting kobo long after I've left this world (unless newer tech has replaced blockchain). The parameters were chosen for longevity of the currency. Of course I want people to make some returns but the currency has to operate properly well into the future (or at least until something better comes along).
Felix,
For fun, I completed the calculation upto 350 million coins at the actual derived 1.134% inflation rate per annum.
[log (350,000,000/24,910,596)] / log (1.01134) = 234.33 years
So the final Kobocoin block is mined in the year 2252 AD, or thereabouts, lol, even your offspring may have left this world by then
Anyway, more seriously, If I am near a real PC - I want to offer my help for setting up test masternodes inside testnet if this is the path that you choose to go down.
I suggest 4 or 5 mining computers, a few nodes and freshly insta-mined 'tkobocoin' for testing the backbone masternode network before it is released onto mainnet, would not want multiple forks occuring and network fragmentation.
Will read,scan and send you the error logs for further investigation.
Also can test new wallet versions on smart phones and can do some of the maths for you if you need anything checking or calculating.
Some more thoughts on this are;
1) Is it possible to set up a stake mining node and/or masternode on a mobile phone, think that smart phones are easily fast enough and have enough memory to store entire block chain size (~1.5 GB)
2) Your inter wallet encrypted messaging service, can this message to outside of the blockchain to real SMS messages and vice versa? This will provide a bridge between the 2 worlds. Other coins offer this, can you merge the github somehow?
3) use the masternode hard drive memory for running a decentralised exchange system? (more complicated, longer term aim)
I would say a new thread is needed or even better a seperate website - can kobocoin.com be expanded with a developers forum somewhere, this will help keep the spam out, and focus the work better?
Good luck and regards,
MammothK
Wow. Thanks for the kind words and offer of help.
Yes, it's a long long way away till we reach 350,000,000 kobos.
My new dev PC will finally be arriving soon, so I will setup the testnest and get some tkobocoins generated. We'll play with the test network. I will also get some Raspberry Pi's and see if we can start working on some form of masternode update, or something like that.
One thing I've definitely been thinking of with the private messaging is creating a blockchain email service. I've been testing this out with my current PC. It needs a bit of ironing out but once 2 individuals have connected with each other using kobo addresses, they can actually send a form of encrypted email to each other. It just needs a better GUI. I'd like to find a way that people can send blockchain email without the need for any form of currency exchange so that we then have a true blockchain application that anyone anywhere can use for free.
I'll also look into the SMS side of things. There were some guys a few years ago who I was speaking to about integrating this feature but they went bust and stopped the service. I'll get their names. I think it had a "7" in the name.
I have an idea for mobile wallets and staking that I'm going to play with but won't broadcast here until it either passes or fails testing. It might also allow the private messaging to become a feature of the mobile wallets.
One thing you'll find very hard to convince me to do is to offer any kind of exchange service. I'm not a security expert and I don't fancy spending the rest of my life fighting off hackers who like to smash exchanges into smithereens.
There's lots of good ideas there, so thanks again.I will definitely keep you updated and call on you when the time is right.