SUPERCOIN'S REVIVAL

[Griffith]

ill break this down right quick.

Pos for supercoin after the second year until eternity is defined as

      nSubsidy = nRewardCoinYear * nCoinAge / 365;
   

gunna break down those components for you

nRewardCoinYear = 0.1 * COIN (where coin = 100,000,000 because thats how many satoshi are in 1 coin)

nCoinAge is  the sum of [# of seconds since coins last stakes / (COIN / 100)] for each input in the transaction you are staking, then that gives you TOTAL, then do this

TOTAL /CENT / COIN * 86,400 = nCoinAge.  (86400 because thats how many seconds are in a day)

and then divide by 365 because there are 365 days in a year.

to sum everything up, PoS is not what people are thinking. PoS means that on any coins you stake, you will get back [#coins staked * (1 + %)] for each day it has been since the coins last staked. PoS does NOT mean that every year there will be % more coins in circulation. it all depends on how much staking has been done in the last year. the math works out that given 20( or any large enough sample size number of years) or so years, on average over the course of a given year, the total supply will be about a % higher than it was but if staking speeds up or slows down this number may vary.

this being said. it is not flat linear growth, you need to use an exponential model. by this i mean, say there are 37 million coins right now. and staking is 5% that means in 1 year there will be roughly:

(37 * 1.05)  million coins.

in two years there will be

[(37 * 1.05) * 1.05] coins. and so on. the interest compounds. so take that into consideration when you decide on a number.

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[MedaR]

Can you try to create an awesome video on youtube?
Team effort!

Youtube promotional video can be created easy just to show how super is really fast..
If anyone have time and capacity to record it..I would like to deal with this but i don't have time.

Use simple Computer Screen recorder. Use two different wallets with super in it, and send from one to another just as demonstration. You don't need to speak just add some music classical or electric.

Resources:
https://www.youtube.com/watch?v=AJigrzhu0_k
You can use this music:
https://www.youtube.com/watch?v=oTk2mXHiW00

So if someone have spare time..

[jakiman]

Maybe start it at 7%, have it variable and go down 1% every 3 years then stay at 1% until 100 million?

So... 7,7,7,6,6,6,5,5,5,4,4,4,3,3,3,2,2,2,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,0

This will result in approx 81.5 million coins after 18 years with 1% stake rate from then on for another 20 years to reach 100 million.
Of course, I haven't put heaps of thought into this so could be tweaked a little but this means we'll reach 100 million in 38 years.

Update: I think this is too long now. I posted new proposal 2 posts below.

[Griffith]

curious on why u guys dont want the coin to reach its new minting coin limit for a while? would like to hear your thoughts on that

[jakiman]

curious on why u guys dont want the coin to reach its new minting coin limit for a while? would like to hear your thoughts on that

Okay. I think it shouldn't be that long. Also, it's too much inflation while it can't be mined anymore.
Considering we are trying to increase new investors again, we should have high initial stake rate.
So maybe we should have about 2 more years of good staking then 1% from then on instead?

(assuming 50 million max coins)

year 1 = 20% = 44.5
year 2 = 10% = 48.8
year 3 = 1%   = 49.3
year 4 = 1%   = 49.8

How does this sound?

In total, we are increasing out coin count from 37 million to 50 million.
But giving out high initial stake rate to give incentive to buy & stake.

[fuze0000]

curious on why u guys dont want the coin to reach its new minting coin limit for a while? would like to hear your thoughts on that

Okay. I think it shouldn't be that long. Also, it's too much inflation while it can't be mined anymore.
Considering we are trying to increase new investors again, we should have high initial stake rate.
So maybe we should have about 2 more years of good staking then 1% from then on instead?

(assuming 50 million max coins)

year 1 = 20% = 44.5
year 2 = 10% = 48.8
year 3 = 1%   = 49.3
year 4 = 1%   = 49.8

How does this sound?

In total, we are increasing out coin count from 37 million to 50 million.
But giving out high initial stake rate to give incentive to buy & stake.

This sounds promising.  Any objections?

[Griffith]

curious on why u guys dont want the coin to reach its new minting coin limit for a while? would like to hear your thoughts on that

Okay. I think it shouldn't be that long. Also, it's too much inflation while it can't be mined anymore.
Considering we are trying to increase new investors again, we should have high initial stake rate.
So maybe we should have about 2 more years of good staking then 1% from then on instead?

(assuming 50 million max coins)

year 1 = 20% = 44.5
year 2 = 10% = 48.8
year 3 = 1%   = 49.3
year 4 = 1%   = 49.8

How does this sound?

In total, we are increasing out coin count from 37 million to 50 million.
But giving out high initial stake rate to give incentive to buy & stake.

This sounds promising.  Any objections?

i would be fine with that. i personally dont like the 20 year 100 million plans

[fuze0000]

curious on why u guys dont want the coin to reach its new minting coin limit for a while? would like to hear your thoughts on that

Okay. I think it shouldn't be that long. Also, it's too much inflation while it can't be mined anymore.
Considering we are trying to increase new investors again, we should have high initial stake rate.
So maybe we should have about 2 more years of good staking then 1% from then on instead?

(assuming 50 million max coins)

year 1 = 20% = 44.5
year 2 = 10% = 48.8
year 3 = 1%   = 49.3
year 4 = 1%   = 49.8

How does this sound?

In total, we are increasing out coin count from 37 million to 50 million.
But giving out high initial stake rate to give incentive to buy & stake.

This sounds promising.  Any objections?

i would be fine with that. i personally dont like the 20 year 100 million plans

This is what I am leaning towards as well.

[jakiman]

Does this change require a fork?

[Griffith]

Does this change require a fork?

it requires everyone to update to a new wallet because we dont want people minting more coins than they should be, but no. no fork. since its something that hasnt happened yet, the code can just be changed without any problems.

actually i guess that makes it a very small soft fork. no hard fork though if anything

[digi123]

I'm thinking something like

Year 1 - 20%
Year 2 - 15%
Year 3 - 10%
Year 4 - 5%
From Year 5 - 3% or 4% for a number of years.
Then - between 1% and 3% for a number of years (but longer time period than previous).

Total years stretched as long as possible for last two changes with the very last being the most years.

Try to keep the total coin cap at around 70 million or less.

Also maybe a consideration (not sure if it would be better or not, so just an out there thought) that the percentage changes could be triggered on block count instead of years.

[Griffith]

I'm thinking something like

Year 1 - 20%
Year 2 - 15%
Year 3 - 10%
Year 4 - 5%
From Year 5 - 3% or 4% for a number of years.
Then - between 1% and 3% for a number of years (but longer time period than previous).

Total years stretched as long as possible for last two changes with the very last being the most years.

Try to keep the total coin cap at around 70 million or less.

Also maybe a consideration (not sure if it would be better or not, so just an out there thought) that the percentage changes could be triggered on block count instead of years.

they are triggered on block counts. it is number of blocks that should be in a year * number of years is how the change is triggered

[jakiman]

Yeah, so I think it's best to have it properly broken down once spec is set like below.
e.g. (below is an example. Block numbers are not correct.)

PoW Phase: [0000001-0000002] Premine amount
PoW Phase: [0000003-0259200] Mention begin/end date
PoS Phase 1: PoS [0259201-0518400] 20% Approx. 180 days
PoS Phase 2: PoS [0518401-1036800] 10% Approx. 1 year
PoS Phase 3: PoS [1036801-1555200] 05% Approx. 1 year
PoS Phase 4: PoS [1555201-2073600] 01% Approx. 1 year
PoS Phase 5: PoS [2073601-2592000] 01% Approx. 1 year
PoS Phase 5: PoS [2592000-3192000] 01% Approx. 1 year

[kiklo]

I'm thinking something like

Year 1 - 20%
Year 2 - 15%
Year 3 - 10%
Year 4 - 5%
From Year 5 - 3% or 4% for a number of years.
Then - between 1% and 3% for a number of years (but longer time period than previous).

Total years stretched as long as possible for last two changes with the very last being the most years.

Try to keep the total coin cap at around 70 million or less.

Also maybe a consideration (not sure if it would be better or not, so just an out there thought) that the percentage changes could be triggered on block count instead of years.

OK ,
This was the original
1st year:  100%
2nd year: 50%
3rd and subsequent years: 1%,

I think someone said in May it starts the 3rd year, so your post should look like
1st year:  100%    over
2nd year: 50%      over in May
3rd  year: 20%
4th  year: 15%
5th  year: 10%
6th  year:  5%

Personally would not recommend ever going lower than 5%, reason being Utility stocks paid 5% yearly,
Investors need a comparable rate of return otherwise they will go elsewhere, part of the reason Blackcoin can't get any real traction at only 1% per year , it just not worth the trouble.

 

[CoinMin3r]

Personally would not recommend ever going lower than 5%, reason being Utility stocks paid 5% yearly,
Investors need a comparable rate of return otherwise they will go elsewhere, part of the reason Blackcoin can't get any real traction at only 1% per year , it just not worth the trouble.

 

Nice suggestion.Before going to any conclusion, every possible drawbacks should be discussed.

Can you try to create an awesome video on youtube?
Team effort!

Youtube promotional video can be created easy just to show how super is really fast..
If anyone have time and capacity to record it..I would like to deal with this but i don't have time.

Use simple Computer Screen recorder. Use two different wallets with super in it, and send from one to another just as demonstration. You don't need to speak just add some music classical or electric.

Resources:
https://www.youtube.com/watch?v=AJigrzhu0_k
You can use this music:
https://www.youtube.com/watch?v=oTk2mXHiW00

So if someone have spare time..

Hope someone can do it.

[kiklo]

curious on why u guys dont want the coin to reach its new minting coin limit for a while? would like to hear your thoughts on that

Currently only one coin BTC is close to a utility performance.
https://en.wikipedia.org/wiki/Utility

Until Supercoin's stealth transfer service is recognized as a utility and that alone can generate value, it will need an interest rate to generate value for investors to buy it.

 

[digi123]

I'm worried about dilution of the coin if there is to many over time.
Its better to be deflationary than inflationary and this is done by limiting the coins.
There needs to be a limiting factor to enable deflation.

I understand that when people use supersend that there is a cost to it and this cost goes to the people that are being used to send the transaction. This is a good method to earn money from this coin that is already built into it.
This should be an adjusting parameter as to the value of the coin.

Because of its design that people can earn form these transactions it encourage them to keep their wallet open thus earning more, however this only comes into real effect the more abundantly it is used.

[shrimpdigger]

I think someone said in May it starts the 3rd year, so your post should look like
1st year:  100%    over
2nd year: 50%      over in May
3rd  year: 20%
4th  year: 15%
5th  year: 10%
6th  year:  5%

Personally would not recommend ever going lower than 5%,

That looks agreeable, and defiantly agree with not lower than 5% , going to 1% just wouldn't be Super....

Sweet that we are now on 2 exchanges!!!
Can i request for Team Super over at    https://alcurex.org/index.php/crypto/index  and maybe yobitch as well   We need volume and activity on the buy side and lots of small attractive sell orders on the other....
Hey 1 super just sold for nearly $1... a sign of things to come maybe....   in the Super Vs Dash debate, we have the much better name, we are arguably faster and more annon and secure.

[kePd8CT5]

All be BACK!!

[kePd8CT5]

Step by step! Only up! Only forward!