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1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MINT]Mintcoin, Energy Saving Coin With a Fast Distribution *6 Exchanges on: February 20, 2014, 04:16:00 PM
OK, guys and girls. Lets calculate how many coins will be mined until PoW reward goes to 1.
Reward change target is one week. This is 2880 x 7 = 20160
First week.
500 000 x 20160 = 10.08B
second week
10.08/2 = 5.04B
3rd 2,52B. Actually its less than 2.52B from here, because PoS blocks start to appear in block chain from day 20.
4th less than 1,26B
5th less than 0.63B
OK. Lets compound. 10.08 + 5.04 + <2.52 + <1.26 + <0.63 = Less than 19,53B. Probably only around 18B is close to quess.
This is only 70B/18B * 100 = 25.7% of total coins. This means that almost 3/4 of total coins will be generated through PoS blocks.
Lets quess the estimates of PoS now.

Assuming that 18B will be generated through PoW. the PoS interests will be as follows:
18B *20% = 3.6B. Total coins of 21.6B after year 1.
21.6B *15% = 3.24B. Total coins of 24.84 after year 2.
24.84B*10% = 2.48B. Total coins of 27.32B after year 3.

OK. You see where this is going. This coin will not reach 70B coins any time soon.
If this coin gains popularity and gets some demand, then price of 200 + satoshis is very probable.
Please keep in mind that simple math done above is just rought estimates and not exact numbers.

Hopefully this post helped to generate point of view about this coin progress.

This implies that the premine is actually 19,4% after one year, which is obscene. This will undermine the coins chance to succeed. Let's all together put pressure on the dev to make public all the spent premine coins. Or even better: let him destroy the premine.

EDIT: I made a mistake. As pointed out below it is actually 3.89%, which still is quiet high.
2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN - NEW EXCHANGE] | www.CoinMarket.io | OFFICIAL THREAD on: January 23, 2014, 03:35:39 PM
Best exchange I've used, keep up the good work!
3  Alternate cryptocurrencies / Altcoin Discussion / We need a giveaway subforum on: January 19, 2014, 10:11:48 AM
I can hardly find the threads with some actual content... Undecided
4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN]MouseCoin , mouse is coming. []~( ̄▽ ̄)~*  on: January 08, 2014, 11:32:30 PM
Any nodes?
5  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: [WTS\WTB] NoodlyAppendageCoin [NDL] Topic on: January 06, 2014, 09:01:21 PM


Combined some asking prices. Seems like the average asking price is somewhere around 0.00035BTC/kNDL
6  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: [WTS\WTB] NoodlyAppendageCoin [NDL] Topic on: January 05, 2014, 04:39:13 PM
[NEW price!] Selling 70k NDL for 0.0007 BTC/1000 --> 0.0049 BTC total
7  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] NoodlyAppendageCoin (NDL) - Launching 02/01/2014 at midnight UTC on: January 05, 2014, 12:50:57 PM
this is going pretty smooth...
8  Other / Beginners & Help / Re: Predict the Date: When will Amazon accept Bitcoin ? on: December 31, 2013, 01:18:45 AM
My guess: all webstores will accept bitcoin payments by the end of 2016. It doesn't necessarily have to be bitcoin, but most probably it will because of it widest spread adaptation.
9  Other / Beginners & Help / Re: Are we still in the early adopter stage of Bitcoin? on: December 31, 2013, 01:03:20 AM
If you look at the explosion of the last months, you can definitely tell that cryptocurrency is going to play a pretty big role in the coming year. I'm looking forward to it!  Cool
10  Other / Beginners & Help / Re: How come I can't post?? on: December 31, 2013, 12:44:27 AM
I also have quite some problems posting on the forum. I can't even start a new thread in the newbe's forum. Hopefully this will change in a bit.
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