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Topic
Board Announcements (Altcoins)
Re: ♦ [ ANN ][ MIM ] ♦ Magic Internet Money ♦ Do you belive in magic? ♦
by
scottii
on 14/02/2014, 00:57:43 UTC
I'm curious how you determined what a pre-mine of  0.1% is with a coin that has an eventual unlimited supply. Could we get what the premine was in terms of coins?

Sorry its 0.1% of 1 trillion im sorry. Which will take roughly 100 years to create.

Would you please clarify this?

Does that mean the premine is one billion coins? Or is it a certain percentage (0.1) that goes to this purpose continuously (0,1 % every year) somehow?

If the premine is 1,000,000,000  it is more like a 6% premine of the coins from the first year...

Or am I missing something essential here?

Thats right for the first year, but we were basing the math off of 100 years similar to bitcoin. At the same time its infinite so every 100 years a trillion coins will be mined.