what happpens to the coins that are traded in? will they be destroyed?
good question and this relates a little bit to part of the answer :
Inside the Ant legs are two types of currency :
A) Traded Currency (apparently from Crytsy and Virx)
B) "Toxic Assets" anything that is considered = "No chance to exchange"The Ant is derived from the sum of all these so:
A) would be able to be taken from the Ant Leg and traded however you want i assume at market price / but you can also trade the Ant as a whole.
B) when a user submits "toxic Assets" i suppose they can take them back to their inherit value of 0 , they will have to exist inside the client "Ant Leg" as a number to be tracked.
To solve the problem of The whole Ant number i think is solved with the non traded currencies , because as per the reverse pyramid :
The first batch :
1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 <
Each "1" here represents the value of a
whole currency , so whatever that number ends up being represents the theoretic
currency Cap so you would you only ever see a whole "1" in the ant leg if theoretically
every unit of that currency was in there this solves the block reward issue.
A - large block reward submits 5,000,000 units (which is 20%) of its total Cap
B - Low block reward submits 5 units (which is 20%) of its total Cap
both go in at 0.2 sticking to the "1" scenario of the first batch.
Now for Traded currencies with crazy block rewards , not sure have to think more -
