Post
Topic
Board Announcements (Altcoins)
Re: BITCREDIT | BANKNODES | P2P LENDING | CREDIT SYSTEM| MANDATORY UPDATE 5/4/15
by
Department of
on 15/04/2015, 02:41:17 UTC
If there are no objections, shall we make the new OP official?

It's edited and ready to go!  Put something about a roadmap coming soon right under it and then all the wallet, miner links, etc.

Be sure to add the Chainz block explorer link prominently as well.  It looks really good.  I didn't know it was going to happen so quickly!
You should use the correct specifications of BCR, e.g. the 10 million BCR premine, the correct amount of MN payments and a better estimate of the block time.

I do need to put in info about the 6 million in escrow and the total projected number of coins.  I've read through the thread, but can you explain anything about the 10 million premine?  It sounds like it was mostly distributed and then the 6m put in public escrow for a purpose which is still being decided on- possibly burned, possibly used for future development and marketing.  The coin distribution looks pretty good overall and they're still way cheap.  One wallet with 3.2m Bittrex?  https://chainz.cryptoid.info/bcr/

What is the correct amount for BN payments right now?  We only have 3 BN up as of right now according to chainz, so I'm guessing it's quite a bit higher than the example I posted.  

You're right about the block time though.  I was just going off of some old posts I saw.  Looking at the past 500 blocks, and the overview on chainz it looks like it's around 800 blocks/day or a little under a 2 minute block time.  

Does this look right for the current BN payments?
800 blocks x 50 BCR = 40000 BCR mined per day.  
20% x 40000 = 8000 BCR per day to BN.
8000 BCR/3 BN = 2666.67 BCR per day per BN

Am I missing something?  That's an out of control return.  I need to get a BN asap.