Re: [ANN][SYNC]X11 | POS| 1,000 Coins| Mandatory Update

I had been previously referring to the current interest rate which is 100% per year, not per month. If you start with 100% per month and reduce the interest to .65 monthly, the final coin supply would hit 17,131 at the end of year 1 with a final cap of around 17412.

It has been mentioned before, and I agree that the rate should not be time based, but based on the # of coins in existence. We are currently wagging the dog by the tail, though - instead of tossing around random formulas, we first need to determine two things:

Is the final supply in fact going to be 10,000 Sync?
If so, roughly how soon should that limit be reached?

Once we have the answers to these questions, constructive suggestions can be made about the method used to get there.

yes, that's why I underlined per month. Thought you would get it then.

No, as the chart indicates you will get to 9798 at the end of year 1, with a final cap of 9958 or slightly higher if we include the stake already generated. Please read again: multiply the last months interest per month by 0.65.

I understand you value your own "constructive suggestions" more than my "tossing around random formulas", but I suggest you at least read what other people write before getting to conclusions.

The 10000 are already set in stone/code and must/can not be changed as it will ruin investors trust forever.

Exactly after how many years the asymptote should reach it's limit can be discussed, but a steep start is likely to attract more investors early on and that will boost the price for long and short term investors.

Please understand that I was in no way trying to be combative or insult your suggestion, nor was I referring to only your suggestion as being a random formula - I was referring to all of the formula suggestions so far, including my own. I only used the word "constructive" to try to discourage the trolls from just flaming ideas, and to encourage the Sync community to participate.

So, question 1 has been answered - there is to be 10,000 sync total, correct?

All that is left is to hear, from the dev(s), roughly when that should happen. Once we have that information, mathematical suggestions can be made.

correct 10,000 is max coins in the code.
when that should happen?
quick or gradual?
Id prefer slowly so the coin has a pretty long distribution.
Think Dev wants that also, but at 1 per cent per year it could take 3000 years before we reach 10,000 Lips sealed

As I have pointed out numerous times the best way is to compete directly with the banks
Investors are always looking for a safe haven where they can store and grow their value assets
they also will use these assets and then replace them when and if needs occur, hence banking gets away
with what it does.

at the moment banking is on its knees with most offereing 1 to 2%

but thta can easily be and has been as high as 5-8% so therefore 10%
is reasonable and attractive, it will allow the coin to retain a reasonably long distribution of 15 to 25 years

and lets face it whole countries and societies rise and fall in the space of 25 years these days so anything longer

than that is just a waste of time as no doubt the world would have moved onto infinte other ways of doing things by then.