Post
Topic
Board Announcements (Altcoins)
Re: [ANN] DARKNET [DNET] QRK ALGO - PoW/PoS
by
danonthehill
on 02/04/2016, 10:15:32 UTC
here is Option 2 from my point of view,  the coins production is reduced by 25% over the first 3 yrs. Each PoS Phase has been adjusted to 180 day cycle

PoW Phase = 84,600,00 + Possible Budget of 8,460,000 = 93,060,000 or less

PoS Phase 1: (100 DNET per block) Blocks 259201 - 518400 [259200 blocks] 25,920,000 DNET + Possible Budget of 2,592,000 = 28,512,000 or less)

PoS Phase 2: (50 DNET per block) Blocks 518401 - 777600 [259200 blocks] 12,960,000 DNET + Possible Budget of 1,296,000 = 14,256,000 or less)

PoS Phase 3: (25 DNET per block) Blocks 777601- 1036800 [259200 blocks] 6,480,000 DNET + Possible Budget of 648,000 = 7,128,000 or less)

PoS Phase 4: (12.5 DNET per block) Blocks 1036801- 1296000 [259200 blocks] 3,240,000 DNET + Possible Budget of 324,000 = 3,564,000 or less)

PoS Phase 5: (5 DNET per block) Blocks 1296001 + [259200 blocks] 1,296,000 per yr there after + Possible Budget of 129600 = 1,425,600 or less)

[End of Phase 5: 147.945.600]

Personally, I would like to see that total cut and half.  Really don't see a need to have that many coins released in that timeframe for a stable functioning currency.

ok, I will work the numbers, but you do realize that that requires drastic changes, which if I recall you were against not long ago.


Don't get me wrong, I'll support changes however drastic, if they make a stronger network and help support the market.  I have a bias towards encouraging masternodes, because I know the anon developments are likely to take time, and my perception was the growing number of masternodes would be an indicator to others that coin network is strong.  However, I now also appreciate that POS staking plays a more important role in keeping the network secure. 

New POW schedule looks good. Your new proposal for extended POW, weekly drops and schedule I think will be better if it allows masternode growth to continue and focus on POS later.