Quote from: JessicaMILFson on February 16, 2014, 11:28:20 PM

Quote from: tacotime on February 16, 2014, 06:29:22 PM

Thanks for all the nice words, everyone. I really appreciate them.

Quote from: Lawyer on February 16, 2014, 04:01:57 AM

It's not exactly a donation, as we do get coins in return for our contributions, maybe he will post the crowdfunding rubic for you guys to see.

Sure,
This is what I had going out in the newsletter:

Code:

Tier Donations (USD) Tickets Coins USD per Coin
1 0 250,000 92,160 23,040,000 0.0108506944
2 250,000 375,000 40,320 10,080,000 0.01240079365
3 375,000 437,500 17,640 4,410,000 0.0141723356
4 437,500 500,000 13,720 3,430,000 0.01822157434

Total issued via stake tickets: 40,960,000

To compare, here are the amount of total coins from PoW and PoS combined every year for 10 years:

Code:

Year Coins
1 187,006,965
2 359,622,322
3 518,953,616
4 666,023,156
5 801,774,578
6 927,078,896
7 1,042,740,095
8 1,149,500,286
9 1,248,044,469
10 1,339,004,928

This image shows the estimated percentage of coins generated through the sales of early stake tickets:

Donations would be first come, first serve, and coins get more expensive as we move past out initial minimum funding.

We're capped at $0.5 m USD.

Individual contributions are capped at $5k USD.

Developer contributions are capped at $10k USD and are removed from what they would be paid (including for myself).

These coins are redeemed between years 0-3 in an approximately linear distribution (so that no one donating can immediately dump a mass amount of coins into the market).

That's a lot of coins generated per annum. Do you think it's really best to do it this way? Market Cap would be huge in order to get significant traction.

If you want to make the coin attractive to investors the most important factor isn't the total number of coins. The total number of coins can be infinite or have a low cap depending on the psychological impact you want to have. Peercoin for example has an infinite total number but inflation is limited at the rate of Moore's law. The ASICs being used will eventually give Peercoin among the lowest inflation rates there is and so it's actually a better investment than Litecoin.

The area where there is no room for negotiation is the inflation rate. The inflation rate should be kept nice and low and taper off after the first year so that while you don't have to put a cap on the total amount of coins (or if you have a cap it does not have to be something you reach in the next 100 years).

For example if the cap is 50 million but the inflation rate is 500,000 coins a year it's going to take over 100 years to reach 50 million. I think the only reason coins have to inflate is to attract new people to the idea. Bitcoin had to inflate at a high rate early on because no one knew what Bitcoins were and they had to be given away to get people to use them.

Now if you have a high inflation rate all it causes is pump and dumps. It's not like altcoins need marketing anymore because everyone knows about cryptocurrency now.

40,960,000 coins issued through stake tickets is a lot. My opinion is let the demand determine the supply. But it can reach a return on investment if the inflation rate from mining is kept low. These are just my opinions and everyone is free to have their own.