Latest posts of: daniklo

Nice addition

BTC Pot is at ~65 BTC with about another 50 outstanding now from investors.

I'd like to discuss a money supply model for WOLF after 9 weeks, propose:

removal of percentage based fee, replace with a traditional fixed 0.002 WOLF fee
a block reward of 0.48 WOLF for weeks 9-26 (total of 17 weeks, this would produce 27417.6 WOLF, 1612.8 per week)
a block reward of 0.24 WOLF for weeks 26-52 (this would produce 20966.4, 806.4 per week)
a permanent block reward of 0.12 WOLF after week 52 (this would produce 20966.4 per year)

reasoning:

10% tx fee whilst fun at the start, will force hoarding and prevent people from moving WOLF around, even between exchanges
the network needs supported, and miners need rewarded for that support
we do not want to vastly increase the monetary supply, this proposal would mint ~8.5% of the wolf supply over the first year, then ~3.5% annually (slightly less than the world average inflation rate)

Please do comment, +1, or counter propose. offline for the night

OK, I admit that I haven't given this coin (game?) the full analysis that it probably deserves. I thought that I would play it with a small amount and see how it goes for the first couple of weeks. But, one of the things that attracted to me about the coin was the 10% reduction "fee".

Part of that attraction was your arguments for it! In fact in your FAQ section on the front page all questions are answered in some variation of the extreme rarity this coin will have, in no small part due to that very fee. Now it's just fun?

Plus, unlike many other people, I hate miners. They are all in it for a quick buck, they feign enthusiasm for a coin until such time as they can dump, and they fill up forums with endless chatter about hashrates, forks, configuration files and the relative merits of the AMD 7950 card. I don't blame them for any of that, it's just that this forum was so refreshing in that department.

And if I am not mistaken, didn't you think that hoarding was a good thing at one point? Or at least, if my memory serves me correctly, a viable strategic maneuver?

Finally (for now!), how is this going to differ from all of the other coins out there now? Outside of the next eight weeks, what will make this coin any better or worse than all of the others?

OK, I'll have to think about it some more. Just wanted to give my initial thoughts off the top of my head. Thanks.

I agree with you JTB800