Devs, if you think I can help, send me a PM, I will reply in a day or two. I am online during week days (Monday to early Friday) and I am usually offline on weekends (normally I'm off to a mountain retreat with the wife and kids.) My time zone is UTC+8 (Philippines, Manila, home to the founder of another alt-coin.)I've handled and did escrow for way more than 70 BTC, (how much was the MOQ for avalon gen1 chips?), and everyone who has ever sold me anything has my home address. Even though the price of BTC back then was ten times lower, the amount of BTC was ten times more, so the equivalent fiat value is the same.
I also live by a code that goes something like: I do not lie, cheat, steal, or tolerate those who do. That may look familiar to some of you. A cursory check on my background should reveal some other details, but that's off-topic already.
Many of us who invested did so in good faith. If we only get the same Real Stackcoins as the original plan, in a similarly designed coin, with almost identical parameters, then it sounds fair.
The original coin also had this parameter:
Block Decrease Rate: 15% every month
So I was thinking and wondering how exactly how this 15% is implemented. Is it 15% of the 1M coin block every month (or every 30 day equivalent in normal block time of 2 minutes) ? Or is it 15% of the previous reward era? There is a significant difference with this distinction.
The first one will go something like this:
1 1,000,000.00
2 850,000.00
3 700,000.00
4 550,000.00
5 400,000.00
6 250,000.00
7 100,000.00
8 = some fixed value forever, OR it then decreases over time 15%
The second one will go something like this:
1 1,000,000.00
2 850,000.00
3 722,500.00
4 614,125.00
5 522,006.25
6 443,705.31
7 377,149.52
8 320,577.09
9 272,490.53
10 231,616.95
11 196,874.40
12 167,343.24 Both are identical until the second month. The first one decreases really fast and its up in the air what happens on the 8th month or maybe very low block reward.
My personal opinion is the second one. However, like many other similar fast decrease coins, I think there should be a final fixed forever block reward, maybe 10,000 coins, or even 1,000 coins.Another note, as mentioned in my earlier post, is to credit the pre-mined IPCO coins over a longer period of time, and to only those in the first 2 rounds. The bonus was not part of the original plan.
My suggestion is 10% every week. If you invested and were supposed to get 100M STACK, then when the coin launches, you will get 10M STACK every week for the next 10 weeks.This gives everyone at least 2 months before anything crazy happens and prevents an immediate dump. The weak hands will sell. Those of us who really believe in the coin will hold. Everyone else will do some trading or mining or whatever. Those who are late to claim, but do so, will eventually get their STACK. Those who don't claim within a reasonable period of time (maybe 10 weeks later? after the regular people have gotten all their coins) forfeit and gets proportionally distributed to the rest of the investors who have already claimed.
Anyone who does not even attempt a claim or unable to prove his undeniable ownership or control of the coins for 10 weeks ... I think that's a reasonable amount of time. But to be truly fair, it should be held in public escrow until the end of the year. Most should have made a claim then. If you have not yet, then maybe you are in a coma or something, sorry.
I also suggest a minimum transaction fee of 0.01 per 1000 bytes.
