Quote from: Asurmen on June 17, 2014, 01:31:30 PM

Quote from: urfl241 on June 17, 2014, 03:56:01 AM

Quote from: trogdorjw73 on June 17, 2014, 02:13:58 AM

How do you have a "<0.001% premine" (which would be 250 coins or less) while offering up at least 1000 coins in bounties? Are these bounties supposed to be paid by the pools? Or maybe the premine is actually 25,025 coins, which would be a "<0.1% premine"? I'm guessing the latter, as the 25025025 total coins with 1000000 blocks would make that work mathematically. Obviously, being off by a factor of 100 in your text is more than a bit concerning. If you can't do math properly, why should anyone trust you to make a proper cryptocurrency and keep it running for 9.51 years?

Hello,

I have not been too clear about the premine. If you start from 50 coins and decrease by 0.00005 coins after every block you get a total of 25,000,025. Before this begins, we have changed the payout of the first block to make it worth 25,000 coins. This is where our grand total of 25,025,025 coins comes from. 25,000 are premined, and 25,000,025 are the result of the linear decreasing block reward.

Simple maths:

25,025,025 = 100%
2,502,502.5 = 10%
250,250.25 = 1%
25,025.025 = 0.1%
2,502.5025 = 0.01%
250.25025= 0.001%

Only move dots to every 0 you move... your premine is near to 0.1% not 0.001% go back school before launch crypto plz.

ROTFLMAO! Every developer/programmer that can't do such simple math is questionable, especially in cloning crypto coin. Grin