Who decides the total number of coins? - page 2.

botany

legendary

Activity: 1582

Merit: 1064

Quote from: bander on August 07, 2014, 10:29:12 AM

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.

polynesia

legendary

Activity: 1358

Merit: 1000

Quote from: wachtwoord on August 07, 2014, 10:30:17 AM

Quote from: bander on August 07, 2014, 10:29:12 AM

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.

NapoleonBonaparte

full member

Activity: 176

Merit: 100

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.

odolvlobo

legendary

Activity: 4438

Merit: 3387

Quote from: Ayers on August 07, 2014, 10:42:41 AM

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.

Ayers

legendary

Activity: 2590

Merit: 1022

Leading Crypto Sports Betting & Casino Platform

Quote from: wachtwoord on August 07, 2014, 10:30:17 AM

Quote from: bander on August 07, 2014, 10:29:12 AM

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

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: bander on August 07, 2014, 10:29:12 AM

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.

bander

newbie

Activity: 19

Merit: 0

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?

Topic: Who decides the total number of coins? - page 2. (Read 1593 times)