Post
Topic
Board Announcements (Altcoins)
Re: [ANN][CHA] Chancecoin protocol, client, and coin for decentralized dice betting
by
TwinWinNerD
on 05/04/2014, 01:55:11 UTC
At the current rate of block generation (with some blocks being generated sometimes 7 minutes after the last), I'd guess that we'll reach the final block for burning between the 23rd of this month and the 2nd of May. What happens if only a miniscule amount of Chancecoins are created in the burn period? I propose indefinitely extending the burn period until you guys reach a minimum amount of CHA you're both comfortable on starting the project with. At the current rate, it doesn't even look like a million coins will be created.

Changing the burn period would harm the integrity of the coin, so we are not willing to change the burn period. The coins are divisible to the hundred millionths of a coin, so even if there are only 25,000 CHA in existence, that's still enough for the Chancecoin casino to operate.

I agree, the amount doesnt matter too much.

Also could you please check the amount of CHA on this address?
18888888PPJ8oGeqR6AKmoiKUme9da48Xf

(Still cant get passed that damn block, even after deleting the DB and rescanning )