Post
Topic
Board Announcements (Altcoins)
Re: Sia: Siacoin (scn) and Siastock (stk)
by
gs02xzz
on 24/11/2014, 17:31:44 UTC
Yes, the total amount has increased from 3.9% to 10%, the % that crowd funders hold is the same as always, "One Sianote can be directly converted to 0.00039% of host income from renting storage, or 10,000 for 3.9% of all host income from storage. Currently, there are approximately 1250 sianotes in circulation, or just under 0.5%." 10% isn't a finalized number, but I think that it's a safe number for us to pick. The risk of course as we increase the number is that people will be encouraged to use a fork instead of using us directly, but I think that our network effect in combination with our software (which will have multiple full time developers working on it being funded by the 9.5% in control of Nebulous) will bring both advantages in efficiency and usability.

What is the rationale behind the business decision to increase the fee from 3.9% to 10%? Is it still pretty affordable and attractive to the users?