Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Saturncoin - Ready for the first flight to Saturn? JUST LAUNCHED -
by
animana
on 20/02/2014, 16:17:43 UTC
@Saturncoin,

Can you please explain how you get to 50,000,000,000 coins?

Every 30,000blocks there will be block halvering correct?

1 - 30,000          max 250,000      7,500,000,000 (max coins)
30,001 - 60,000  max 125,000       3,750,000,000 (max coins)
60,001 - 90,000  max  62,500        1,875,000,000 (max coins)

This is after 84 days a max number of coins of 13,125,000,000 in reality it will be more close to 7,000,000,000 as i believe that on average the block size is half of the max block size, even less.

Based on my calculation it looks more like a max number of coins of 20,000,000,000 and this will give a totally different image on saturn coin. Grumpy also made the same mistake, they thought that it was 50,000,000,000 but infact there will only be 20,000,000,000 in total.

@Saturn, can you please update the first page so that investors/miners understand were 50,000,000,000 is coming from.

@All, can someone please make a block explorer, i cannot believe that a coin with a decent community is not having a decent block explorer. If i know how to do it , i would do it myself.

I am new here, but anyway.. I mined this coin for the past two weeks. I have a fair amount of them and I am starting to think it was a gigantic wasted effort.

1.) The developer hasn't posted here in five days (from what I can see)
2.) The Subreddit (which I posted on yesterday) is dead
3.) The Saturncoin website is incomplete and for the social links only Twitter is functioning
4.) The developer hasn't posted a word on Twitter in two weeks
5.) Coin has fallen from second place to 6th on MintPal in a matter of days.

What's the deal? A couple posts back and forth between a couple users does not a community (nor a coin) make. If there is 20bil total instead of 50bil total that looks amateurish as all hell that the developer hasn't figured that out by now.

I think it's at a point now where nothing has been done for so long (mining these has been so easy) - that even if there was a course correction and the developer was to do something in the way of getting a community - the amount that would be dumped continuously won't ever let this coin rise to its natural course.