Quote from: slavo on April 27, 2014, 06:17:27 AM

Quote from: bocyaj on April 27, 2014, 05:50:25 AM

Really like this project. Unique and different. Why create another coin like everyone else, instead just harvest a failed one into something special.

Distributing coins via the faucet seems like it could be the fairest way to get the coins out there. Whether you have a GPU warehouse, ASICS or nothing more than a laptop, you all have the same opportunity to get an even share of the coins. Great idea !

We have been thinking about how to exactly roll the coins out of the faucet, here is what we got so far. Please speak up with your thoughts/concerns/suggestions.

I really like the idea of giving out a percentage of the remaining coins in the faucet, this creates a gradual reduction in the release of coins over time which should gradually increase the value of the coin.

for the 1st week, the payout would be 0.001% of the remaining faucet balance per submission.
for the 2nd week, the payout would be 0.0015% of the remaining faucet balance per submission.
for the 3rd week, the payout would be 0.002% of the remaining faucet balance per submission.
for the 4th week, the payout would be 0.0025% of the remaining faucet balance per submission.
the payout would remain at 0.0025% until it gets to something really low like 2-5 coins and then the payouts would be linear until the well is dry.

I think this would get the coins out in a pretty steady rate. The first payouts in week 1 would start at 1000 DBC.

Also thought it may be neat to add one or both of the following features:
- each submission to the faucet only gives you a chance to get a payout, would be a good chance like 1 in 2 or something. Adds a degree of chance/luck to the process.
- have a small percentage of bonus payouts, these would pay you something like 5x what your payout should have been.

Please let me know what you think.

Really interested to see how this all works out.

Keeping a close eye here.

We can even think about splitting this faucet in 2 parts. 1 part for the faucet itself, other half as bonus coin for our future miners through the multipool.

I think that could bring some interest and some action Cool

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