Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [HVC] Heavycoin - Ultra-secure, Decentralized Block Reward Voting, Fast
by
p1nky
on 24/05/2014, 13:14:56 UTC
I had a look at the source code a bit.

First of all the mint phase apparently is not 45,000,000 coins as the site says but 53,000,000. This is what the wallet says as "Next" and what the source code says also

static const int64 PHASE1_MONEY = 53000000; // 45,000,000 (min 30D, max 171Y)
static const int64 PHASE2_BLOCKS = 63476 - nBlockRewardVoteSpan - 1; // 44D (min 0, max 64,948,224)

The limit phase seems to be defined in blocks, calculated from the block height of phase 1 + PHASE2_BLOCKS (as the upper block height limit for the limit phase).

So to me it seems this 1024 voting madness will continue to go on for more than 100 days (around 20 days left to reach 53m coins and then more than 80 days until we're at the last 3600 blocks of limit phase).
This also means more than 50m additional coins will be generated before the voting is limited to 8 Sad

IMHO something must be done in the code or the coin will be dead before the voting limit kicks in.

If the minting phase money supply apparently has been changed from the original 45m to 53m then certainly it must be possible to change this back to the 45m it was supposed to be in the first place, and also to make additional steps for the limit phase.

I suggest going back to the original communicated 56 days limit phase = 8 weeks = 40,320 blocks and drop the voting limit by 128 every week (5,040 blocks):
week 1   896
week 2   768
week 3   640
week 4   512
week 5   384
week 6   256
week 7   128
week 8   8

IMHO the coin can't survive 100 more days of 1024 voting, and then suddenly dropping to 8.
Also this reflects the spirit of what was in mind for the limit phase, having a graduation phase into the sustain phase.

The same as markets also a democracy needs regulations and adjustments, it doesn't mean the end of democracy.
We need a democracy, not a demo-crazy.