So as everyone keeps coming up with these new coins and new algorithms, how do they decide how many total coins to offer? I know LTC is exactly 4X as many BTC. Can anyone shed any light on this, or is it completely random and up to each individual coin maker? What are the possible positive and negative impacts on a somewhat random, finiate amount of coins?
It's completely arbitrary. Choose whatever you like as long as there is a clear and static cap.
was arbitratry for bitcoin also? i remember 21M come up from a math equation or some other calculation