Quote from: niothor on March 15, 2014, 01:07:37 AM

Quote from: stormia on March 15, 2014, 01:03:28 AM

Quote from: niothor on March 15, 2014, 12:48:29 AM

Quote from: Geode on March 15, 2014, 12:24:39 AM

Quote from: niothor on March 15, 2014, 12:09:44 AM

Apart for the Mint/blackcoin war ...
20% inflation and then after 4 years 5% per year forever is insane.
If you really believe in this coin for the long term and it becomes a worldwide currency it will be a worse plague than fiat.

It won't be 20% inflation, but less than that because that 20% presumes that 100% of the coins will sit quietly and acquire coin age, which is false.

Even at 5%, if this were possible, it is less than the inflation of the money supply. If you think that cryptos and altcoins are worse than fiat, then you have no idea how central banks and the debt-money scam works.

http://www.youtube.com/watch?v=iFDe5kUUyT0

Was that to subtle for you? Probably.
If there is no actually 20% then somebody change this:

Quote

which gives the highest payout at 20% the first year, then decrease 5% per year until the 4th year it reaches annual interest rate of 5%, then it will remain at this rate.

And explain in a few words about the max and min.

And I do hope the coding is right and we don't end like DOGE who turned to inflation overnight due to dizzy devs.

The payout is set to 20% for the first year and etc as the post says.. The payout is 20% for all coins put to stake. The point Geode is making is that 100% of the coins are not going to be put to stake because some of them will be circulating so the overall effective payout will be lower than 20%. On the individual level it is still 20% for whatever you put to stake so if you put all your coins to stake then yes, you will get 20% return in the first year. If the entire market put 100% of the coins to stake then the entire market would get a 20% return but that is not going to happen. Does this make sense or is it "too subtle for you?"

Rule nr#1 from the first day on this forum.
Never say never.

Secondary if 20% isn't possible 15% is , and that is still too much. Also is an incentive for people to hoard and not use mint , that can cripple it beyond repair. Not used coin / dead coin.
Talking about free money out of nothing doing nothing.

About the subtle part...you obviously have no clue about irony , so I won't bother.

Okay, you got me there, I should never say never. I guess that means you can't predict the future either.. soo why are you here spreading FUD?

Also, perhaps I was trying to reuse your use of "irony". Which really wasn't ironic at all- people misuse that word a lot... I would be more akin to calling it sarcasm.