Quote from: wormbog on February 25, 2015, 09:29:15 PM

Folks, there is no future for 10k. The interest rate is simply too high. You can use a compound interest calculator online to see what I mean. Here's the one I used:

http://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php

Let's say you buy with a single 10k coin and start staking. Using a 10,000% interest rate and daily compounding, your one coin will grow thusly:

Month 1 - 1,579
Month 2 - 2,495,966
Month 3 - 3,943,284,117
Month 4 - 6,229,847,648,442
Month 5 - 9,842,304,172,222,498
Month 6 - 15,549,489,632,025,366,528

You're reading that correctly, in 6 months a single 10k coin will have staked its way up to over 15 QUINTILLION coins.

Yep, this would be the case if the nominal interest rate is 10000% per annum compounded daily.

I haven't looked at the code for this coin; but if this is the case, anyone with a modicum of financial knowledge would know how stupidly unsustainable this is. You don't need an experiment to show that.