I am a BC and cinni supporter, are you talking cinni as crap? Then why cinni don't have premine and this have a premine of 20 coin for each block? Does that goes as this coin is crapper than cinni?
The premine is even more than WC. Do not say other coin crap, when you don't do the research.
You mean 0.4% < 0.72%?
20/1500=1.3%?
When he say cinni is crap, that make me unhappy, cus i have 50k cinni in hand, and i don't think it is that crap considering it is zero premine (as a preference, i value zero premine coin, nothing offence to SUM).
I still have some cinni, you should know this and premine percen is calculated by the coin dev hold / total coin.
I like this coin but I just want to clarify this math dispute.
20 coins* 10,000 PoW block = 200,000 SUM
If dev collects stake interest:After the first week: 200,000 * (.01% annual interest first week/52 weeks)=200,019.3208/approx 15,001,442.31 coins after PoW=1.33%
After 10% daily PoS week: 200,019.3208*(1.1^7 first week daily interest)=389,780.8953/approx 29,233,567.15=1.33%
After 31 days of daily 1%: 389,780.8953*1.01^31=530,619.4145/approx 39,796,456.09=1.33%
I won't bother with the rest of the calculations. At this point you can see that it is always 1.33% if the 20 coins per block is only for PoW and the dev always collects stake interest on the coins.
What if it is also for PoS blocks?It will take approximately 7 years to reach 50 million total coins ignoring 20 coins foundation per block. 7 years*365*24*3600=4,905,600 blocks*20 coins per block=98,112,000 coins which is obviously over total coins.
If somehow it was 20 coins per PoS block as well, then after the first week 10%/daily interest 200,019.3208+20*(45 second block/86,400 seconds in a day=5.208333333*10^-4 days... *10% daily interest .1=5.208333333*10^-5% interest per block^13,441) = 792,069.32/29,635,855 = 2.7%
After 31 days daily compounding interest with 20 coins per 45 second block that's 1,982,536/32808856.72 = 6.04%
And so on until 50,000,000 total coins is reached some time in the first year. Unless the dev messed up and also made 20 coins/ PoS block for foundation support then this is not true.
What if the dev never stakes the coins, and the 20 coins/block is only during PoW?If the dev doesn't collect stake interest on the coins, after the first week it's about 1.33%, then after the second week it's about .69%, and after the 1 month of 1% daily interest it's about .52%, gradually approaching .4% over 7 years.
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