Quote from: Thrash on April 25, 2014, 06:22:38 PM

Quote from: SummerCoin on April 25, 2014, 05:09:49 PM

Quote from: Sircoss on April 25, 2014, 04:56:26 PM

It's the same thing as a pre-mine your just trying to call it something else so by him saying no pre-mine it makes this kind of suspect. All this does is insures the dev wont dump all the coins he gets from the "tax" at one time while its still in the mining phase. Roughly 6,666,666 coins will be given to the dev on this "tax", I would just prefer that this goes away in general and I'm sure the majority of people here would too. A lot of the bounties this "tax" is for could be done free if you help build a good community with people wanting this coin to flourish or the bounties usually get paid by donations from the community. I have seen this plenty of times before.

Are you kidding me?

I think your distribution may need some explaining. People see 500,000,000 total coins and 15,000 per POW block. And they think:

500,000,000 divided by 15,000 = 33,333 blocks
33,333 times 200 = 6,666,666 coins

I believe this is wrong as it says POW height (height is misspelled by the way) is capped at 10,000. So I believe the calc should be:

15,000 time 10,000 = 150,000,000 total POW mined
10,000 times 200 = 2,000,000 tax to the dev in the first 5 days

Please correct me if I am wrong or verify it if the above is correct.

The bold is how I got my figure too. I personally would prefer the 150,000,000 coin cap or less. 500,000,000 just seems too excessive. Last thing you would want is to eventually be put on the LTC trade market because the coin cap was too high. Also dev I'm not telling you how to make your coin, I'm just wanting it to be better than all the other trash that's been released. This is the first x11 POS coin so it wont get raped by multipools like the others have been and I believe if this is done right it could be one of the better POS coins. Just try and make it to were the next one that is done after yours wont be better.