Hello everyone,
I am new to this forum and I would like to start posting something that have me questioning myself. It is about the so-called concept of "Unlimited coins" of Peercoin.
So lets get the facts first; the majority of cryptocurrencies have a limit imposed in it's code that would not let generate more coins than that limit (supposing that this number of coins is ever reached)
- BTC: 21 million coins
- LTC: 84 million coins (4x BTC Limit)
- PPC: 2000 million (2 billion as mentioned in the wiki) coins
These limits are far, far away in time, not even reached by year 2030+...
But what I am seeing
now is that:
- BTC block reward drops by half every 4 years, so more time = less coins generated until it will be unnoticeable
- LTC block reward drops by half every 4 years, so more time = less coins generated until it will be unnoticeable (same as BTC) BUT a block with 50 coins is generated every 2.5 minutes, so more money in the same 4 years, x4 as planned.
- PPC block reward drops by half every 16x hash power increase in the network, something that is happening regulary, like in btc or any other cryptocurrency. See https://github.com/ppcoin/ppcoin/wiki/FAQ for details, specially the "Total Money Supply Curve" graph
So the question is: with this rules and the current rate,
is it posible that in 1-2 years there will be
more LTC than PPC ?
Updated: Just making averages, in October 2015 42.076.000 LTC and 24 millions PPC?
