Post
Topic
Board Announcements (Altcoins)
Re: Slimcoin | First Proof of Burn currency | Decentralized Web
by
d5000
on 11/12/2019, 23:43:49 UTC
Agreed, the 39% of profit is in SLM as we've calculated a few posts ago together with some member of community.

I'm not sure we should add that it's calculated in SLM as in crypto-world it's always calculated in the currency we are speaking about (and you explained very well why) and also because it's the right thing to avoid deceptive advertising, but in the same time the goal of advertising is to put forth the advantages of the advertised thing. If we make too much remarks, brackets and * than the reader will got distracted and the message won't pass.

What about the following formulation: "that by the recent estimates provides up to 39% of yearly SLM returns" (instead of "yearly profit")?

Quote
I'd like to ask: Do we have PoS at 10% or we need to check it?
Yep, PoS is at 10%:
Code:
int64 nRewardCoinYear = nTime > POB_POS_TARGET_SWITCH_TIME ? (10 * CENT) : CENT;
(CENT is 0.01 SLM, so an 1-year-old 1 SLM utxo gets 0.10 SLM, or 10% of its value.)

I however have a bit a hard time to promote that because I consider that value relatively high, and I would like to see it lowered in a future hard fork. For now, a hard fork is obviously very difficult, but if we progress with the new Peercoin code implementation somewhen, then a HF will eventually become mandatory. It's obviously up to the community to decide a new PoS reward. And the high PoS rewards are surely a feature that can attract new users now. But if we change that in the future, they would surely feel cheated.