Post
Topic
Board Announcements (Altcoins)
Re: [ANN][SYNC]X11 | POS| 1,000 Coins| Mandatory Update - HARD FORK AT 2.6.2014
by
turner3d
on 05/06/2014, 13:31:36 UTC
The current "moneysupply" is 1,011.47 Sync. I have read over and over in this thread that the final coin count will be and is limited to 10,000 Sync. Since the POW phase is over, the only way to get the supply up to 10,000 is through staking. If that is truly the goal, there are numerous ways to get there, but nothing has been presented by the dev team to date that will come even close to 10,000.

MsCollec previously liked the idea of having a stake that halves every so often, the same way that block-solving rewards half for many coins. Her initial post about leaving it at 100% for 2 weeks then halving it every month would only get the final supply to around 1,183 coins. These are the 2 scenarios for a halving system that would get the supply to 10,000:

  • 100% annual interest halving every 1.15 years - 10,000 Sync would be reached some time in the year 2034
  • 1,381% annual interest halving every month - 10,000 sync would be reached in roughly 15 months

To sum up, either the staking periods must be much longer or the interest rate much higher for the money supply to eventually reach 10,000.

How about 100% monthly interest, reducing by 20% every month? As in; 100%, 80%, 64%, 51.2% ....

Reducing by 20% every month would only get the final supply to around 1,515 around the 2 year mark.