Post
Topic
Board Announcements (Altcoins)
Re: [ANN][10-5] TenfiveCoin - Designed for Mobile - MANDATORY UPDATE 0.9.0.0
by
littlewizard
on 21/03/2014, 17:30:04 UTC
To the "devs":
You change the reward structure after release, why do not you dare to mention it in the OP?

Please see the OP, the rewards were updated there as soon as we posted a new version.

What I mean is that WHY do the OP not dare to mention the  CHANGE OF REWARD STRUCTURE, not the new reward structure.

The reward structure has always stated flat pi, the changes just made that more accurate.

Also please refrain from using ALL CAPS in this thread.

Thank you.

So not only did they change the reward structure, but now it's apparently flat pi forever (until mined out of course)? Because right now, I'm seeing rewards of pi still coming at block 6168. From the current rewards list:

Quote
The "Flat" Reward Scheme designed to reward Pi for the majority duration:
First 1050 blocks: Payout of 1.57079632679 per block
Next 3150 blocks: Payout of 3.14159265359 per block
Next 4000 blocks: Payout of 9.42477796077 per block
Next 5150 blocks: Payout of 3.14159265359 per block
Final value of 3.14159265359 per block for the remaining blocks

So we're at pi until/unless something changes, which means after 28 days when the "Stipulation: 4-week mandatory share lockdown. After lockdown period only a % based on quarterly performance reports will be paid out" clause comes into play, we will be looking at approximately 84000 10-5 mined (technically a bit less due to the first 1050 blocks being
Consider yourselves warned.

Right, as stated in the op under the stipulation (in red underlined) a note that says the payouts to the devs and marketers will be only a % and not the full bounty at once. We are very interested in creating a sustainable market, and we are not going to be awarding the devs too many shares to start out with, and it will be based off of USD value so if the market cap value rises considerably then the payout to the devs also decreases.

Please keep this in mind.

You guys can claim the "FLAT PI" structure, then why NOT 31.4 per block, rather than 3.14?
What drives you to decrease the reward structure, rather than increase it?
Do not tell me sustainable market. It is not directly related to the block reward unless it is very high and low.