Re: GAW Zen Hashlet PayCoin unofficial uncensored discussion. ALWAYS MAKE MONEY :-)
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If this is a compounded 350% it means more than 3000% annually (non compounded equivalent) doesn't it?
And ...
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Wait, if it's 1% daily then you're right. That means 6 million XPY in Prime Nodes creates over 180 million of new coin every year for the hardcoded addresses.
I've been a mainly silent observer to this ongoing drama, but I cracked and couldn't help posting in hashtalk over some incredible oversights. How come no-one is going crazy over the prime stake rate that is currently hardcoded to GAW addresses? People have been saying that it's 350%, which would be insane... but if I read the code correctly it's actually just under 1% compounded daily, which equates to over 3,000% annually. How can any coin survive hyper inflation like that?
6 million XPY in Prime nodes becomes ~ 180 million XPY after Year 1.
5,400 million XPY after Year 2
162,000 million XPY after Year 3
etc...
If the coin was actually worth $20, the market cap would overtake the total amount of USD in circulation halfway through Year 3! In Year 4 Paycoin would be worth more than all the other money that exists on the planet.
Well if you want to be the future of banking, you have to think big
