pc888 (OP)
Legendary
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Activity: 1624
Merit: 1000
https://bata.io
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April 28, 2015, 03:55:33 PM |
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If you use a coin, it isn't barter anymore....
True - Barter was used before currency.
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pc888 (OP)
Legendary
Offline
Activity: 1624
Merit: 1000
https://bata.io
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April 28, 2015, 03:56:30 PM |
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Ok so far its too many coins.
What do you think is an acceptable amount?
Block Reward: 1700 Total Coins: 44,200,000 This will be good for long POW coin. thanks for your input and it is noted.
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trid
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April 28, 2015, 03:59:02 PM |
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Ok so far its too many coins.
What do you think is an acceptable amount?
you can greatly reduce halving rate, to 1000 for example. this will reduce total number of coins and reduce mining pressure on the price of the stage when coin hit exchange
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pc888 (OP)
Legendary
Offline
Activity: 1624
Merit: 1000
https://bata.io
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April 28, 2015, 04:12:38 PM |
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How about this:
Coin Type: POW Hashing Algorithm: SCRYPT Difficulty Retargeting: Dark Gravity Wave Time Between Blocks 30 Block Reward: 15000 Block Reward Halving Rate: 1000 Premine: No Total Coins: 30,000,000
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MisO69
Legendary
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Activity: 1946
Merit: 1005
My mule don't like people laughing
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April 28, 2015, 04:18:41 PM |
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Ok so far its too many coins.
What do you think is an acceptable amount?
1 million coins total, block reward same all the way through PoW phase, no PoS until the last PoW block. After that a PoS coin with 2% interest per year max. This way you don't need miners to keep the network moving along and there is no dumping from miners pushing the price down.
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pc888 (OP)
Legendary
Offline
Activity: 1624
Merit: 1000
https://bata.io
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April 28, 2015, 04:48:14 PM |
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Ok so far its too many coins.
What do you think is an acceptable amount?
1 million coins total, block reward same all the way through PoW phase, no PoS until the last PoW block. After that a PoS coin with 2% interest per year max. This way you don't need miners to keep the network moving along and there is no dumping from miners pushing the price down. This is interesting, although maybe not interesting enough for miners?
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trid
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April 28, 2015, 05:36:51 PM |
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How about this:
Coin Type: POW Hashing Algorithm: SCRYPT Difficulty Retargeting: Dark Gravity Wave Time Between Blocks 30 Block Reward: 15000 Block Reward Halving Rate: 1000 Premine: No Total Coins: 30,000,000
much better! if you (or community) don't like that number (30000000) of coin, you can change starting block reward according to demand
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pc888 (OP)
Legendary
Offline
Activity: 1624
Merit: 1000
https://bata.io
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April 28, 2015, 05:55:44 PM |
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How about this:
Coin Type: POW Hashing Algorithm: SCRYPT Difficulty Retargeting: Dark Gravity Wave Time Between Blocks 30 Block Reward: 15000 Block Reward Halving Rate: 1000 Premine: No Total Coins: 30,000,000
much better! if you (or community) don't like that number (30000000) of coin, you can change starting block reward according to demand I greatly value your input - thanks
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**D!ABLO**
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April 28, 2015, 06:00:23 PM |
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I just voted for 5 million and it seems like the most popular by a long way. Maybe you should rethink the poll and add even lower numbers.
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pc888 (OP)
Legendary
Offline
Activity: 1624
Merit: 1000
https://bata.io
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April 28, 2015, 06:04:38 PM |
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I just voted for 5 million and it seems like the most popular by a long way. Maybe you should rethink the poll and add even lower numbers.
Good call just added a few more amounts to vote on.
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**D!ABLO**
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April 28, 2015, 06:07:17 PM |
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I just voted for 5 million and it seems like the most popular by a long way. Maybe you should rethink the poll and add even lower numbers.
Good call just added a few more amounts to vote on. I can't vote again nor can the ones who already voted, you may need to consider this when viewing results.
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MisO69
Legendary
Offline
Activity: 1946
Merit: 1005
My mule don't like people laughing
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April 28, 2015, 06:39:39 PM |
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Ok so far its too many coins.
What do you think is an acceptable amount?
1 million coins total, block reward same all the way through PoW phase, no PoS until the last PoW block. After that a PoS coin with 2% interest per year max. This way you don't need miners to keep the network moving along and there is no dumping from miners pushing the price down. This is interesting, although maybe not interesting enough for miners? Miners will abandon the coin if the value drops below profitable levels. At which point you will need to buy hash to keep the network going.
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trid
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April 28, 2015, 07:48:38 PM |
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Ok so far its too many coins.
What do you think is an acceptable amount?
1 million coins total, block reward same all the way through PoW phase, no PoS until the last PoW block. After that a PoS coin with 2% interest per year max. This way you don't need miners to keep the network moving along and there is no dumping from miners pushing the price down. This is interesting, although maybe not interesting enough for miners? Miners will abandon the coin if the value drops below profitable levels. At which point you will need to buy hash to keep the network going. that's true, but some small hash always will be profitable PoS can help too
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pc888 (OP)
Legendary
Offline
Activity: 1624
Merit: 1000
https://bata.io
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April 29, 2015, 01:00:18 AM |
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If you voted for a total of coins and you wish for it to be changed - please let your voice be known.
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pc888 (OP)
Legendary
Offline
Activity: 1624
Merit: 1000
https://bata.io
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April 29, 2015, 01:53:47 AM |
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If you voted for a total of coins and you wish for it to be changed - please let your voice be known.
Update according to Voting so far: Coin Type: POW Hashing Algorithm: SCRYPT Difficulty Retargeting: Dark Gravity Wave Time Between Blocks 30 Block Reward: 1500 Block Reward Halving Rate: 1667 Premine: No Total Coins: 5,001,000More info added to OP
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adidas
Sr. Member
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Activity: 448
Merit: 250
Americans do it better
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April 29, 2015, 02:25:39 AM |
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5 mil. is reasonable.
No one wants bilions of coins in circulation.
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pc888 (OP)
Legendary
Offline
Activity: 1624
Merit: 1000
https://bata.io
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April 29, 2015, 02:52:00 AM |
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5 mil. is reasonable.
No one wants bilions of coins in circulation.
Just a quick thank you to everyone who has contributed so far - it is great to hear what the community thinks and values. I added a countdown to OP. The date maybe brought forward. Everyone will be given notice is this happens. Regards, Peter
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pc888 (OP)
Legendary
Offline
Activity: 1624
Merit: 1000
https://bata.io
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April 29, 2015, 06:01:39 AM |
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Added to Altcoincalendar.
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pc888 (OP)
Legendary
Offline
Activity: 1624
Merit: 1000
https://bata.io
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April 30, 2015, 05:26:39 AM |
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Update:
5 Million Coins total finalised.
Coin Type: POW Hashing Algorithm: SCRYPT Difficulty Retargeting: Dark Gravity Wave Time Between Blocks 30 Block Reward: 25 Block Reward Halving Rate: 100000 Premine: No Total Coins: 5,000,000
Your input is welcome.
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pc888 (OP)
Legendary
Offline
Activity: 1624
Merit: 1000
https://bata.io
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April 30, 2015, 06:39:33 AM Last edit: April 19, 2017, 12:32:19 PM by pc888 |
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No scams. No pump and Dump. No disappearing act. No moon talk.
BATA is a good honest Cryptocurrency. No huge promises to break.
BATA embraces Cryptocurrency.
BATA is here for the longterm.
The fail rate of most cryptocurrencies is high as they cannot deliver what they promise.
BATA does not promise the moon.
It will be a long ride, if you are up for it.
I have a mining background and will be supporting the network with my own ASIC miners.
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