Quote from: sinnyc on March 04, 2014, 04:30:08 AM

Quote from: Drexel on March 04, 2014, 04:01:22 AM

Quote from: wobbzz on March 04, 2014, 03:46:03 AM

Quote from: Drexel on March 04, 2014, 01:19:45 AM

Quote from: wobbzz on March 04, 2014, 01:11:01 AM

Double edit: Distribution in confusing.

50% to IPO investors, 50% to miners. Mining period will last between 2-4 weeks, and the mining reward you can expect to receive will be steady, no matter how many people are mining. This is in contrast to other coins where the average reward decreases as more people are mining the coin.

Right, so how many of the 1 billion are distributed during the 3 week period, and then the POS period? The way I read it was that the 1 bln is mined in three weeks, then during POS period we Huh

in a p2p fashion.

All of the 1 billion comes from the 2-4 week mining period. After that, PoS is used to run the network. There is a 2% yearly stake reward to support PoS mining.

2% annual interest? PhilosopherStone has more than that in monthly interest with 50% interest per year. And the total number of PHS will only be in the single digit millions. Why did you set the stake interest so low?

50% yearly interest causes hording which is unhealthy for a currency. 2% interest is a modest amount that doesn't encourage hoarding, but still offers some incentive. All variables have been carefully chosen with long term sustainability in mind.