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=iFDe5kUUyT0Was that to subtle for you? Probably.
If there is no actually 20% then somebody change this:
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