Post
Topic
Board Announcements (Altcoins)
Re: ••• [ANN][SMC] SmartCoin • KGW • Cryptsy • 10 EXCHANGES •••
by
Symbiont
on 16/03/2014, 22:27:46 UTC
LET´S VOTE:



In my opinion we should alter the block halving time as well. I would recommend a change to 16 SMC and 18 month bock halving time:

Maybe we would change it at block 111.000 for example:

Block 1: 400,000 SMC
Block 2-999: 1 SMC = 998 SMC
Block 1000-110,999: 64 SMC = 7,039,936 SMC

in total = 7,440,934 SMC (2 month)

next 400,000 blocks (+6 month) x 32 SMC = +12,800,000 SMC

in total = 20,240,934 SMC (8 month)

next 400,000 blocks (+6 month) x 16 SMC = +6,400,000 SMC

in total = 26,640,934 SMC (14 month)

next 400,000 blocks (+6 month) x 8 SMC = +3,200,000 SMC

in total = 29,840,934 SMC (20 month)

next 400,000 blocks (+6 month) x 4 SMC = +1,600,000 SMC

in total = 31,440,934 SMC (26 month)

next 400,000 blocks (+6 month) x 2 SMC = +800,000 SMC

in total = 32,240,934 SMC (32 month)

next 400,000 blocks (+6 month) x 1 SMC = +400,000 SMC

in total = 32,640,934 SMC (38 month)

... this will last forever


Let´s see how BTC is doing it:

50 BTC every 10 minutes = 144 block x 50 BTC per day = 7,200 BTC per day = 0,00034285714% of all BTC per day

Let´s see what this will be for SMC:

0,00034285714 x 51,200,000 = 17,555 SMC per day / 2,160 blocks = 8,13 SMC reward per block!!!


BTC block halving every 210,000 blocks = 4 years


My 2 cents are:

Let´s have 2x the BTC reward (=16 SMC) and 18 month halving time.



in total = 7,440,934 SMC (2 month)

next 1,200,000 blocks (+18 month) x 16 SMC = +19,200,000 SMC

in total = 26,640,934 SMC (20 month)

next 1,200,000 blocks (+18 month) x 8 SMC = + 9,600,000 SMC

in total = 36,240,934 SMC (38 month)

next 1,200,000 blocks (+18 month) x 4 SMC = + 4,800,000 SMC

in total = 41,040,934 SMC (56 month)

next 1,200,000 blocks (+18 month) x 2 SMC = + 2,400,000 SMC

in total = 43,440,934 SMC (74 month)

next 1,200,000 blocks (+18 month) x 1 SMC = + 1,200,000 SMC

in total = 44,640,934 SMC (92 month)

...