Re: [ANN] FIMKrypto: NXT spinoff 30s blocks, POW-like rewards, national income *FIMK
Proportionally each account forge with the same rate. No matter how coins it has.
But with PoS the rich do not get richer. No matter how much coin do you have, any one coin will always earn the same return. This is the most fair system you can ask for.
Come on it's math. Big stakes do accumulate way faster and therefore rich do get richer.
You don't understand.
Poor guy has 0.1% of all coins initially.
Rich guy has 10% of all coins initially.
Both are forging 24/7 for a year.
In the end of the year they still will have 0.1%/10% of all existing coins.
100 000 coins distributed from total 200 000
daily interest 1%
100 000 coins distributed
account A 0.1% (100 coins) earns 1 a day
account B 10% (10 000 coins) earns 100 a day
account C 89.1% (89 900 coins) earns 899 a day
after one day
account A 101 coins = 0.05% of total 200 000
account B 10100 coins = 5.0% of total 200 000
account C 90799 coins = 45.4% of total 200 000
after two days
account A 102.01 coins = 0.051%
account B 10201 coins = 5.10%
account C 91706.99 coins = 45.85%
after ten days
account A 110.46 coins = 0.055%
account B 11046 coins = 5.5%
account C 99305.53 coins = 49.65%
after 50 days
account A 164.46 coins = 0.082% (started from 0.05% of total 200 000)
account B 16446.32 coins = 8.2% (started from 5% of total 200 000)
account C 147852.40 coins = 73.9% (started from 44.95% of total 200 000)
The growth will end when the total cap of 200 000 coins is reached naturally.
edit3: D'oh
https://bitcointalk.org/index.php?topic=633304.msg7724062#msg7724062