Quote from: polmax on March 26, 2014, 09:20:21 PM

Quote from: s4w3d0ff on March 26, 2014, 08:01:58 PM

Quote from: Cor2 on March 26, 2014, 07:13:55 PM

Quote from: omwtothemoon on March 26, 2014, 06:43:43 PM

Quote from: cdboot on March 26, 2014, 06:01:46 PM

Quote from: tertius993 on March 26, 2014, 05:47:12 PM

Quote from: s4w3d0ff on March 25, 2014, 10:22:10 PM

Quote from: brother3 on March 25, 2014, 09:57:35 PM

Any consideration to put a smaller cap on the coin? Roll Eyes

What for? You wont see more then 16 Million in your lifetime. It will take a minimum of 50,000 years to mine all 10 Billion. I don't see an issue. Wink

I've raised this question a few times, this is exactly why I think it is an issue.

Practically the first thing anyone asks when looking at a new coin is "What is the total number possible?" In the case of CGA the answer is "10 billion". By the time you have gone on to explain why it doesn't matter and because of the algorithm really there are only going to be a few million they have glazed over and moved onto the next coin. Obviously that doesn't apply to the wise people who are already part of the community, but I think it does to the man on the crypto street.

If, to all intents and purposes, there can't be more than a few tens of millions then why not set the limit at say 40-50 million? I personally think it would do a lot to help people realise it really is a rare coin.

+1

+1 I had to explain this several times in the troll box and everyone lost attention hahah:p

I think the only concern an investor has is the *rate* at which coins are produced.
Now (with low diff) that is about 1 coin every 2 minutes. In future (if ASIC mining takes off and diff goes up) that may be much lower.
Only the speed at which new coins enter the market and the increase in the amount of cash flowing into the market determine
the price of the coin, so with the low rate (and likely dropping - not from "halving" but from diff increase) the value per coin should be high.
Putting a cap on the coin beyond our lifetime does not make any difference at all for any investor.
Just my 0.02 CGA

I understand the concern and will look into changing the descriptions to "Less than 16 Million in a lifetime". I think our 10 Billion coin max will give us an advantage in the long run. Look at it this way:

CGA is mineable for a minimum of 50,000 years, which means that CGA will be mined for generations (poised to be a lasting tradition?), that is longer than any cryptocoin that is out right now (that I know of). While about every other coin will be mined out within the developers lifetime, CGA will not. As Cor2 (kinda) said, CGA does not "half" (which in my opinion is not done right because it is on the developers terms of "when do I want my coin to be more valuable"), CGA simply decreases supply rate when the hash rate increases, so the rarity of our coin is indirectly related to our own technological advancement. CGA is not designed to be a fad, get rich quick, or pump and dump coin. It is a "long term coin" for long term investment, with our own way of life to determine the price.

I know it is a mouthful but, IMO if you are truly interested in cryptocoins and you plan on investing in them (miners included) you must do all your research on the coin you are investing in. The ones that look at just the max coins is a fool and hurting the entire coin community (bitcoin included). Ignorance, It is what is destroying modern economies and seems to of found its way into the crypto world.

I did not attach much importance when the first time I read about 10B, but I am very confused, I thought "yeah dogs" and perhaps think so many people reading the main post. because for making decisions about the coin, and there are thousands of people spend 5-10 minutes.
for example, I would be understood by 2 000 000 or 3 000 000
how much time we mining it?
if you take practice: 2 months, we have 27 000 = 27 000*6 = 162 000 year, 3 000 000/162 000 = 18.5 years,if a little and we want this makes it even our grandchildren may be 30 000 000 = 185 years... and if the difficulty will be 50 or 100, we will not block 0.33, and 0,02, or 0.01, can be 3,333,333? or 33 333 333

for investors, holders is important to understand which limit emissions, we have no limit, no again, the end mining - never!
and it's not because someone wants to inflate the bubble, to enrich themselves - just have some laws of economy.
in my opinion for holders, these holders, it is extremely important to understand how much he has percents from the total volume 0.0001 or 1%...

the world of technology is very fast, the planning horizon 3-5 years, 10 years will have some quantum laser super mega coin, colony on Mars or Moon) in 20-30 years

sorry for my English (Google translate)

This is how I do the math (after showing my work here I now need to change the descriptions Tongue

):

Find the maximum amount of CGA (if diff < 3) to come into existence (not counting bonus blocks):
1 month(30days) = 2,592,000 sec
2,592,000 sec / 40 sec blocks = 64,800 blocks per month
64,800 blocks per month x .33333333 per block = 21,599.999784 CGA per month
21,599.999784 CGA per month x 12 = 259,199.997408 CGA per year
100 years (if you live to 100) x 259,199.997408 CGA per year = 25,919,999.7408 CGA in a "lifetime"

Minimum amount of time to "mine out" CGA:
10 Billion CGA / 259,199.997408 CGA per year = 38,580.2472993827 years

So, if the difficulty for CGA never goes above 3 for 38,580.2472993827 years then CGA will be mined out. But this is very unlikely, the difficulty will rise in the first few years due to technology, making CGA more scarce and theoretically more valuable.