Post
Topic
Board Tokens (Altcoins)
Re: PopCoin- The World's First Proof of Play Cryptocurrency - 2 ETH FREE!
by
PlayPopCoin
on 14/08/2018, 07:44:45 UTC
Thank you for responding, I was hoping you would, because I looked at your pitch and it looks like time was invested in there. Do make sure you give people like us some lead time before you launch, since we are all clearly interested and would like to play when they game is up.

Now that the rake is explained you are right. Just below 1% for developers is very fair.

I have 1 question: what if all popcoins are mined and nobody ever wants to claim the rake? Is this possible as from what I am reading it almost seems likely everybody will just try to mine popcoins til they are gone, and then nobody wants to claim, there is nothing worth left to mine, won't nobody want to play?

We’ve designed the contract so a few key constants, including the rate rake, will be able to be adjusted over time. Limits to the rate of this change are built into the contract and changes will always apply to future, never current games. The contract will also have a "nuclear option", a function that, if we call it, will prevent even us from making any future changes to these constants including the rake.

You make a good point that as more PopCoins are mined the incentive for new players to enter the game will decrease; as this happens likely the rake will be lowered.

We’re also of course hopeful that by the time a large majority of PopCoins have been mined the game will have a healthy player base and rounds will be generating pots large enough that play will largely come from organic interest in these pot sizes and not only a desire to mine PopCoin.

Also as a technicality, all PopCoins will never be completely mined. The rate PopCoins are issued at will decrease as more are issued, but this rate will only approach 0, never quite reach it.