Re: ♦ [ ANN ][ MIM ] ♦ Magic Internet Money ♦ Do you believe in magic? ♦

Block 1 gives a 0.1% Premine.

Premine of 90 Billion coins?

according to OP:

Quote from: scottii on February 13, 2014, 11:37:14 PM

Distribution
1st Year 14,824,000,000
From then on 10,512,000,000/yr (still not as bad as the federal reserve)

Premine should be 14,824,000 shouldn't it?

Can anyone confirm a 90 bill premine?

It's 0.1% of the total 1 trillion coins, which equates to a one billion coin pre-mine.

Good, that sounds a bit better.
Not sure where he got 90 billion from.
Where do you see the maxcoins though? The OP made no mention of 1 trillion.

It's listed here under CoinCap https://github.com/magicinternetmoney/mim

Edit: It was also mentioned by the dev in post #29

Quote from: scottii on February 14, 2014, 12:33:39 AM

Quote from: Alexbalix on February 14, 2014, 12:32:23 AM

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.