I like this project, but I have some questions. For how long will the 15% annual POS continue? Since there are only supposedly 4,000,000 max coins the interest would have to end in a few years, wouldn't it? Will the 15% be reduced periodically before it ends? Or will it just end abruptly when POS runs out of coins to give out? Also, it says that the block reward will remain at 0.25 LCP after the 200,000th block. But how is that possible? If there is a max number of coins then the block reward must reach zero at some point and it cannot remain at 0.25 LCP. So what is going on here? Is there actually a max of 4,000,000 LCP or is there not a maximum?
start reward at 2 and reduce by .25
1)200,000 at 2 = 400,000
2)200,000 at 1.75 = 350,000
3)200,000 at 1.5 = 300,000
4)200,000 at 1.25 = 250,000
5)200,000 at 1 = 200,000
6)200,000 at .75 = 150,000
7)200,000 at .5 = 100,000
---------
1,750,000 1.3 years
then the final reduction to .25 LCP
That takes us roughly to half way to the cap of 4,000,000
2 blocks a minute at 1,140 minutes in a day 2,280 blocks a day
2,280 at .25 is 570 bcf created
2,000,000 by 570 is 3,500 days (9.6 years)
Keep in mind these figures are for blocks created by mining alone, and does not figure in the staked blocks.
the more staked blocks - the less mined blocks.
