Re: GAW Zen Hashlet PayCoin unofficial uncensored discussion. ALWAYS MAKE MONEY :-)
Hey guys, I just want to add my 2 cents to this scam thing.
The following formulas:
https://github.com/GAWMiners/paycoin/blob/master/src/main.cpp#L974
Code:
nSubsidy = nCoinAge * nRewardCoinYear * 33 / (365 * 33 + 8);
and
https://github.com/GAWMiners/paycoin/blob/master/src/main.cpp#L1962 ending with line 1999
show how the nCoinAge is computed. Which means the following, 350*CENT parameter is converted to 350/365 = 0.96% daily compounded rate, or yearly this means around 3250%. Whoever coded (copied) this coin has problems with math and 350% annual rate (if this was desired) was converted to 3250% rate
hmm didnt think of coinage before
however i'm not entirely agreeing with your 3250%
using coinage seems to only guarantee a 350% annual interest (if it were to only stake once per year)
although obviously staking more often would result in a higher effective compounded return. whether or not this resulted in 3250% would rely on whether the nodes would mint daily (or more). -- which is entirely possible