Hondo again, using my StealthSend address.
I'm checking in here at bitcointalk tonight.
First of all, sorry about that post with the big red letters directed at HunterS. That was me, but I wanted to get his attention because I don't want to see him lose his XST. I checked out Hunter's address and noticed that he had done a lot of work creating staking transactions. This effort really helps to secure the blockchain and get transactions processed. I live for stable networks and smooth transaction processing, so seeing all that stake really makes me happy.
Second (and related to Hunter's efforts), I calculated the growth of the money supply since StealthCoin went pure PoS. Because so many people keep coins on exchanges or offline, the money supply has been growing at about 4.8% per year since the switch. What follows is the calculation. (1) The money supply at the switch was 20716721.24 XST. (2) The money supply when I made the calculation about an hour ago was 20776246.37 XST. (3) The change in money was 0.287% during that time ([20776246.37 - 20716721.24] / 20716721.24). (4) The number of days since PoS has been about 21.8, or 0.0597 of a year. Therefore, the APR over that time is 0.287% / 0.0597 = 4.8%!
What's that mean to people who are staking continuously? Well, if you stake continuously, you'll earn interest at about 21% (compounded nominal 20%), meaning your money at the end of a year will be 1.21 times what it was at the beginning. However, the money supply will only be 1.048 times what it was at the beginning. That means your actual control of the money supply will grow at 15.46% ([1.21 - 1.048) / 1.048])! In other words, just by continuously staking, you will earn 15.46% of real money supply! That is, you won't just be keeping up with the money supply, you will be getting ahead of it!
Third, I'd like to ask the community what they think about postponing release of the white paper. In it, I discuss how StealthSend works, but I also include some necessary details that may help other teams duplicate our efforts. After much reflection, I feel like it would be better to release the whitepaper maybe 5 days before StealthSend (which is still scheduled for the end of September). What do you guys think?
WTF!!!???!!!?
??!!??the coin was almost dead!and you still thinking about release white paper in next month?!?!;
!??You made a promise that you will gonna release it at 7th ...As what you say in roadmap!!!!!And now you are not gonna fullfill your promise....Shamed on you!
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