Post
Topic
Board Announcements (Altcoins)
Re: [ANN] BlackCoin (BLK/BC) | PoS | No premine | No IPO
by
aso118b
on 02/11/2015, 01:06:59 UTC
I'm a little confused, is blackcoin still 1% interest per year or is it 1.5 coins per stake?

At a block target of 64 seconds, with 86,400 seconds in a day; we can expect an average of 1,350 blocks per day, generating approximately 2,025 new coins per day.   At 365 days a year this yields a stable 739,125 coins generated per year, approximately 0.9855% of the initial distribution.

I understand this is approximately 1%,  but as blackcoin grows in age, this annual inflation will continue to shrink percentage wise.   I have also read the white paper on POS 2.0 and understand the cause of the change to POS, but I don't understand why this reward is not dynamic.   

Are there any plans on correcting the POS block reward to yield a true 1% per year?  Perhaps since there are approximately 492,750 blocks per year, the POS block reward should be 1/49,275,000 the total coins in circulation; which is a statistic that is already available to every wallet and node.   This seems like it would be a quick fix and then we could secure the integrity of truly supporting a 1% inflation per year.  (Note: a more precise method would be to also take into account the compounding of each block to calculate a true 1% growth per year, which would result  in a reward a block reward little lower than 1/49,275,000 of the total coins per block).