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Title: What's the most wanted coin generation method do you want? Post by: xieluu on April 29, 2013, 06:18:10 AM Hi guys, I'm t rying to design a new coin and I wanna get some help from this forum.
Right now I'm trying to design the generation logic and method of the coin, following is my method: 1. one block per minute 2. First year 32 coins per block 3. From the second year, coins per block double, that means the second year 64 coins per block, the third year 128 coins per block 4. In the eleventh year, 8192 coins per block, this is the top 5. From the 12th year, coins per block reduce by half 6. In the 22th year, per block include 32 coins, then the number of coins per block wouldn't change forever. In this logic, the total coins generated will be 17222860800(the first 22 years) + 168190 coins every year (From the 23rd year) . How do u think about this method. At first, the coins grow up, I wanna make this coin to be fair enough for later miners and users; And I don't want to limit the total number of the coin because I want to make this coin as similar as the real world money? What's your suggestions? I wanna find a way that can be dynamic change the number of coins per block, maybe considering the compute difficulty and the whole net hash power. Title: Re: What's the most wanted coin generation method do you want? Post by: DannyHamilton on April 29, 2013, 06:48:58 AM In general, I would prefer:
1. One block every 10 minutes. 2. First year 5000000000 coins per block 3. From fourth year, coins per block reduced by half every four years (truncate any decimals). Title: Re: What's the most wanted coin generation method do you want? Post by: dolfcao on April 29, 2013, 07:23:49 AM In general, I would prefer: 1. One block every 10 minutes. 2. First year 5000000000 coins per block 3. From fourth year, coins per block reduced by half every four years (truncate any decimals). 5000000000 is really a big number, do u think it's a good number? Title: Re: What's the most wanted coin generation method do you want? Post by: DannyHamilton on April 29, 2013, 02:16:10 PM In general, I would prefer: 5000000000 is really a big number, do u think it's a good number?1. One block every 10 minutes. 2. First year 5000000000 coins per block 3. From fourth year, coins per block reduced by half every four years (truncate any decimals). Yes. As a matter of fact, one of the most popular crypto-currencies in existance today uses exactly the method I described, so the method is already proven successful in the "real world". Title: Re: What's the most wanted coin generation method do you want? Post by: jfedor on April 29, 2013, 03:10:06 PM 5000000000 is really a big number, do u think it's a good number? There really isn't that much difference between 50.00000000 and 5000000000, as long as it's easily divisible. For that matter, 23874623876 is about as good a number as those. Of course round numbers like powers of two look better to the human eye. |