[ ANN ] SAT² - A new dawn - PoS - No Premine

[bob131313]

Hello, I think the change in total coins would not be good for the currency, after the entry into Cryptsy that we mistakenly placed 50,000,000,000 coins and what that is costing people know that they are 15,000,000,000, tell them you are now 10,000,000,000, does not seem right.
Wonder currencies could reduce the cap by mining 10,000,000,000 and from there the following 5,000,000,000 that were using the POS?
That would leave the lid on the 15,000,000,000 coins and original step would apply a POS (which seems it is well accepted in the market)

Ah! Change the logo once!!!

What he means is: Cryptsy made a mistake in coin description saying there are 50 billion coin cap, when there's actually 15 billion coin limit.

Source code says 50 billion, so cryptsy is correct in what they added. Randomness of block reward accounts for difference in reality vs the code. I am still looking into it to be sure.

[1715147316]

1715147316

[1715147316]

1715147316

[Honeypot]

Have to consider what the reward for mining will be once max coins are issued. This might lower the security of the network significantly.
If we limit to 10 billion, adding a .01% inflation might be an option.

From a technical advantage side of the house, I can't think of any innovations that would advance us beyond the others. Updating to POS since it is the flavor of the week will have significant issues. Dif adjustment seems to be doing well enough, we have plenty of SAT on the market to allow for use as a currency.

Coin speed seems fine.

If the issues can be overcome, POS seems to be the best way to go honestly. Plus, limiting the coin's total amount would limit supply and thus boost its price I think.

Actually, making this coin entirely inflationary by making it POS with 2% annual interest isn't necessarily a bad call either. POS should definitely be the future of crypto currency I think.

This. +1

Possibly with less than 1% interest.

[vagos]

Ah! Change the logo once!!!

What he means about the logo is that the mac and windows wallets has the old cartoon logo, we would like to see the actual logo we use in the new wallets! 

[tevayo]

Ah! Change the logo once!!!

What he means about the logo is that the mac and windows wallets has the old cartoon logo, we would like to see the actual logo we use in the new wallets! 

That!
The current wallet is ridiculous!

[Belogvardeec]

I agree that POS is a good idea. But the percent per annum shall be not more than 1-2%. A good example of Blackcoin.

[Honeypot]

I agree that POS is a good idea. But the percent per annum shall be not more than 1-2%. A good example of Blackcoin.

Agreed. We can discuss and decide on a percentage.

Either way, the coin seems to be at a good place for a decisive change. Thanks dev for letting us know about the updates and giving us time to get ready.

[tevayo]

Congratulations to everyone for the votes in https://altoutlet.com/alt/currencies.
We are showing that we are a strong and growing community!

[MagicStyle]

Congratulations to everyone for the votes in https://altoutlet.com/alt/currencies.
We are showing that we are a strong and growing community!

voted

[Kryptic]

Infinitecoin coins extracted  90,480,729,149     currencies total    90,600,000,000  price: 0.00000007
Dogecoin    coins extracted  70,401,039,268     currencies total  100,000,000,000  price: 0.00000098
Mintcoin     coins extracted  18,756,214,935     currencies total    50,000,000,000  price: 0.00000017
Redcoin      coins extracted  19,188,350,012     currencies total  109,000,000,000  price: 0.00000003
Zeitcoin     coins extracted   27,150,028,367     currencies total   90,000,000,000  price: 0.00000007
Eccoin       coins extracted   14,828,757,202     currencies total   50,000,000,000  price: 0.00000008

Saturncoin  coins extracted    6,562,987,841    currencies total   15.000.000.000   price: 0.00000001

looking at all those coins explorers and resources saturn has better quality and speed that those for example, and the coin is way faster than all of them.

undervaluated much?

[tevayo]

Infinitecoin coins extracted  90,480,729,149     currencies total    90,600,000,000  price: 0.00000007
Dogecoin    coins extracted  70,401,039,268     currencies total  100,000,000,000  price: 0.00000098
Mintcoin     coins extracted  18,756,214,935     currencies total    50,000,000,000  price: 0.00000017
Redcoin      coins extracted  19,188,350,012     currencies total  109,000,000,000  price: 0.00000003
Zeitcoin     coins extracted   27,150,028,367     currencies total   90,000,000,000  price: 0.00000007
Eccoin       coins extracted   14,828,757,202     currencies total   50,000,000,000  price: 0.00000008

Saturncoin  coins extracted    6,562,987,841    currencies total   15.000.000.000   price: 0.00000001

looking at all those coins explorers and resources saturn has better quality and speed that those for example, and the coin is way faster than all of them.

undervaluated much?

Now you are doing well and the market will make the SAT in its rightful place.

[Honeypot]

Some people are already buying @ mintpal. Those single digit satoshi orders will be gone soon

[vagos]

Mintpal has the volume

2014-04-15 02:14:42   BUY   0.00000002   2000000.00000000   0.04000000
2014-04-15 02:13:34   BUY   0.00000002   999999.00000000           0.01999998
2014-04-15 02:06:14   SELL   0.00000001   20000.00000000           0.00020000
2014-04-15 01:59:42   BUY   0.00000002   650000.00000000     0.01300000
2014-04-15 01:11:10   BUY   0.00000002   24863850.67398900   0.49727701
2014-04-15 00:31:33   BUY   0.00000002   1967105.15381791   0.03934219
2014-04-15 00:31:33   BUY   0.00000002   20262.92511612           0.00040525
2014-04-15 00:31:33   BUY   0.00000002   500000.00000000           0.01000000
2014-04-15 00:31:33   BUY   0.00000002   68465.49551670       0.00136930
2014-04-15 00:31:33   BUY   0.00000002   287097.71053141           0.00574195
2014-04-15 00:31:33   BUY   0.00000002   785918.00000000           0.01571836
2014-04-15 00:31:33   BUY   0.00000002   8567751.76344486   0.17135497
2014-04-15 00:15:52   BUY   0.00000002   2464499.20119820   0.04928998
2014-04-15 00:11:39   BUY   0.00000002   4228402.34648030   0.08456804
2014-04-15 00:08:44   BUY   0.00000002   321732.85072391     0.00643465

[Honeypot]

I agree that POS is a good idea. But the percent per year shall be not more than 1-2%. A good example of Blackcoin.

+1

I wonder if it's possible to do a pos/pow hybrid, then switch over to pos completely? Either way, update should arrive soon.

[vagos]

Infinitecoin coins extracted  90,480,729,149     currencies total    90,600,000,000  price: 0.00000007
Dogecoin    coins extracted  70,401,039,268     currencies total  100,000,000,000  price: 0.00000098
Mintcoin     coins extracted  18,756,214,935     currencies total    50,000,000,000  price: 0.00000017
Redcoin      coins extracted  19,188,350,012     currencies total  109,000,000,000  price: 0.00000003
Zeitcoin     coins extracted   27,150,028,367     currencies total   90,000,000,000  price: 0.00000007
Eccoin       coins extracted   14,828,757,202     currencies total   50,000,000,000  price: 0.00000008

Saturncoin  coins extracted    6,562,987,841    currencies total   15.000.000.000   price: 0.00000001

looking at all those coins explorers and resources saturn has better quality and speed that those for example, and the coin is way faster than all of them.

undervaluated much?

Now you are doing well and the market will make the SAT in its rightful place.

nice info, thanks

[Saturncoins]

Dev team is starting some test regarding switching to POS

[bob131313]

For historical reference for this thread.
https://github.com/Kryptoz/Saturncoin/blob/master/src/main.cpp
line 843

int64 static GetBlockValue(int nHeight, int64 nFees, uint256 prevHash)
{
    int64 nSubsidy = 0;

    if(nHeight == 1)
return 666500000 * COIN;

//Random block reward between 1 and 250000
    std::string cseed_str = prevHash.ToString().substr(8,7);
const char* cseed = cseed_str.c_str();

long seed = hex2long(cseed);
int rand = generateMTRandom(seed, 249999);

nSubsidy = (1 + rand) * COIN;

//1% chance for reward to be doubled
long seedtwo = seed + 14;
int randtwo = generateMTRandom(seedtwo, 100);

if (randtwo == 40)
nSubsidy = nSubsidy * 2;

//Block reward is 2x on first day, 1.5x on second day.
if (nHeight > 100 && nHeight < 1200)
nSubsidy = nSubsidy * 2;
else if (nHeight > 1199 && nHeight < 2300)
nSubsidy = nSubsidy * 1.5;

//Reward cuts in half every 30,000 blocks
nSubsidy >>= (nHeight / 30000);

    return nSubsidy + nFees;
}

[Honeypot]

Saturncoin once again within top 3 of the altoutlet add list

Keep up the adoption!

[Honeypot]

Dev team is starting some test regarding switching to POS

This!

[mulde]

Saturncoin once again within top 3 of the altoutlet add list

Keep up the adoption!

yeah guys don't stop voting!

[peta4e]

Yes, SaturnCoin is the most undervalued coin out there 

+1
   for 10 000 000 000 cap and  < 1% annual inflation