Re: [ANN] Sia - Decentralized Storage - Working Beta - Currency has been released
No premise i'm aware of though.
We premined 100 blocks, or just under 30 million coins.
The fund gets 3.9% of all SUCCESSFUL i.e. paying out storage contracts.
We actually had to change that due to potential loopholes related to file contract revisions. Now it's 3.9% of all file contracts, even failed ones.
can i get some real figures on how many coins will be supplied and how they are used i.e. are they destroyed ever etc?
300,000 coins mined in genesis block, 299,999 in block 1, 299,998 in block 2, etc. Block time is 10 minutes. The minimum block reward is 30,000 (which gets hit at block 270,000). Current height is 15,878, current supply is 4.6 billion coins.
There's more info here: https://docs.google.com/document/d/1zNpAct53E_5p4KO3_-ZOrg5N9HQw8ACTQ7zAyksSIf8/edit
If you want to join our slack, you can get an invite here: slackin.siacoin.com
I appreciate the information I'll definitely be buying while its cheap!
