Post
Topic
Board Announcements (Altcoins)
Re: [ANN][SLG] Sterlingcoin v1.6.1.1 | United Kindom |
by
Sterlingcoin
on 04/08/2019, 06:08:52 UTC

I'm thinking 10000 coins for a masternode. 0.25 coins as reward for every block. 1 block per min. 1440x0.25=360 coins per day / 131.4k per year. (3% inflation of current supply over year).
Does the code/fork you're working on allow POS? Idealy POS and masternodes will keep as much coins off the market as possible. Maybe 0.17 coins per block. Another 2% inflation. POW also works. I don't know which works better with masternodes.

5% inflation or less in total seems reasonable.

Yes, 10k SLG MN collateral is what was discussed, either here or in our Discord. I personally feel we should go no less.

Our first public tests were set to 1 coin per block (after the zero-block-reward PoW phase to facilitate the early swaps), but block reward is easily changed. A static whole coin was only used for the hope of easy testing.

Agreed, 1 block per minute, longest.

Yes, PoS is part of the current testing, maybe "experimenting", code. I agree, PoS + MN is best suited (ignoring the inflation-insignificant +PoW phase).

I do personally feel obligation to aim towards the previously coded maximum inflation rate of 5.5%. To keep that true with the current code and expectations now long-established. Variation from that would need strong community voice. But the balance between MN and PoS is up-for-debate. I like as you suggest, slight favor to MNs.

All specifications are at community discretion. The job is to deliver code that does so. I offer my onions only as another community member. Sorry the testing code is not in a functional state to fine tune these details more, but these discussions are very welcome!

Thanks westloin!