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Topic: Who decides the total number of coins? - page 2. (Read 1617 times)

legendary
Activity: 1582
Merit: 1064
August 07, 2014, 01:16:41 PM
#7
So as everyone keeps coming up with these new coins and new algorithms, how do they decide how many total coins to offer? I know LTC is exactly 4X as many BTC. Can anyone shed any light on this, or is it completely random and up to each individual coin maker? What are the possible positive and negative impacts on a somewhat random, finiate amount of coins?

The number of coins and how each coin can be subdivided plays a role.
As long as the base unit is small enough, it doesn't matter.
legendary
Activity: 1358
Merit: 1000
August 07, 2014, 12:52:28 PM
#6
So as everyone keeps coming up with these new coins and new algorithms, how do they decide how many total coins to offer? I know LTC is exactly 4X as many BTC. Can anyone shed any light on this, or is it completely random and up to each individual coin maker? What are the possible positive and negative impacts on a somewhat random, finiate amount of coins?

It's completely arbitrary. Choose whatever you like as long as there is a clear and static cap.

You can even have coins without a cap - think dogecoin.
full member
Activity: 176
Merit: 100
August 07, 2014, 11:46:00 AM
#5
Satoshi probably are the one that made the decision for bitcoin.

As for other coins, it is completely arbitrary decision from developers. And some do hide their stash of "pre-mine" coin to scam the public.
legendary
Activity: 4466
Merit: 3391
August 07, 2014, 11:21:12 AM
#4
was arbitratry for bitcoin also? i remember 21M come up from a math equation or some other calculation


50 BTC every 10 minutes, halved every 4 years --> 21 million BTC total

Other coins use different numbers and different distribution plans. Many coins are not capped.
legendary
Activity: 2590
Merit: 1022
Leading Crypto Sports Betting & Casino Platform
August 07, 2014, 09:42:41 AM
#3
So as everyone keeps coming up with these new coins and new algorithms, how do they decide how many total coins to offer? I know LTC is exactly 4X as many BTC. Can anyone shed any light on this, or is it completely random and up to each individual coin maker? What are the possible positive and negative impacts on a somewhat random, finiate amount of coins?

It's completely arbitrary. Choose whatever you like as long as there is a clear and static cap.

was arbitratry for bitcoin also? i remember 21M come up from a math equation or some other calculation
legendary
Activity: 2324
Merit: 1125
August 07, 2014, 09:30:17 AM
#2
So as everyone keeps coming up with these new coins and new algorithms, how do they decide how many total coins to offer? I know LTC is exactly 4X as many BTC. Can anyone shed any light on this, or is it completely random and up to each individual coin maker? What are the possible positive and negative impacts on a somewhat random, finiate amount of coins?

It's completely arbitrary. Choose whatever you like as long as there is a clear and static cap.
newbie
Activity: 19
Merit: 0
August 07, 2014, 09:29:12 AM
#1
So as everyone keeps coming up with these new coins and new algorithms, how do they decide how many total coins to offer? I know LTC is exactly 4X as many BTC. Can anyone shed any light on this, or is it completely random and up to each individual coin maker? What are the possible positive and negative impacts on a somewhat random, finiate amount of coins?
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