Specialkey
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June 08, 2014, 09:05:44 PM |
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I personnaly think we can reduce the POS.
We could maybe decide to bring it down directly to:
- 1st Year: 10% Pos+2,5% Mnodes
- 2nd Year : 5% Pos+2,5%Mnodes
- 3rd year and over: 2,5% Pos + 2,5% Mnodes
Wow!! I will work with those numbers Thank you! I haven't thought to bring year 1 down that low, it made me cringe taking it even down to 15% when working the numbers last night. But we must consider every way possible cryptoba, what would agree on for a coin cap for this example? 200 million would have us pos minting and Mnodes issuing blocks for about 26 years, twice as fast released into circulation. I was thinking about reducing the total amout of OC to something like maybe 84 Mio coins, for example Would this be possible, what do you think ? That's about eight years to reach 84 million. Thought: reducing the coin cap could answer the problem of PoS earnings loss by making everyone's coins worth more for holders AND for the '2000 OC' buy-in or whatever they choose to make it. Your thought- my thought. absolut agreed this brings more worth to the coin and a little more money magic for investors will be attractive. Now intelligent moves and breakthrough Communication today is well
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cryptoba
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June 08, 2014, 09:10:54 PM |
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And, Orangecoin is on a great tempo, still the market is fast and we always have to react and adapt.
You should talk with Orangecoin and Jim Rambler and if it is possible they make a new wallet update release with new Pos rates. And, we make a nice communication on the new OC total coin capacity and new Pos rates.
At the same time, we make a nice step by step guided entrance into the Masternodes and Anon.
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Halofire
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June 08, 2014, 09:12:04 PM Last edit: June 08, 2014, 09:29:32 PM by Halofire |
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I think to short a few numbers up will make OC much more attractive.
The value of OC will grow with new POS rates and a new 84 Mio coin capacity. If, you think 8 Years is too short we can play with the rates to get a few more years. Still, I assume it will be more than 8 Years as not all coins will be staking.
I think it could be a nice fresh new structure for OC and we make a nice communication on the new numbers and the masternodes.
If you want 84 million based on BTC's 21 million, yes, the time for minting needs to be extended past 8 years, since BTC has only ~13 million out in circulation. We have 51 million of 84 = 60.7%. Btc is at around 62%. OC % would pass BTC % in a few years, then skyrocket. If we mint out all our coins way before btc does, the OC price curve would take time to catch up, and I'm talking years.
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OC Development - oZwWbQwz6LAkDLa2pHsEH8WSD2Y3LsTgFt SMC Development - SgpYdoVz946nLBF2hF3PYCVQYnuYDeQTGu Friendly reminder: Back up your wallet.dat files!!
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Jim_Rambler
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Activity: 70
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June 08, 2014, 09:27:16 PM |
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I think to short a few numbers up will make OC much more attractive.
The value of OC will grow with new POS rates and a new 84 Mio coin capacity. If, you think 8 Years is too short we can play with the rates to get a few more years. Still, I assume it will be more than 8 Years as not all coins will be staking.
I think it could be a nice fresh new structure for OC and we make a nice communication on the new numbers and the masternodes.
If you want 84 million based on BTC's 21 million, yes, the time for minting needs to be extended past 8 years, since BTC has only ~13 million out in circulation. We have 51 million of 84 = 60.7%. Btc is at around 62%. OC % would pass BTC % in a few years, then skyrocket. If we mint out all our coins way before btc does, the OC price curve would take time to catch up, and I'm talking years. Right we are moving in a good direction, but 8 years is a little short. Lets not for get after minting in over transactions and masternodes will depend on transaction fees alone. While I do see the price of our coin raising in value over the next 8 weeks and even more in next 8 years. We need a longer payout time to help transaction fees caught up, this probably means higher coin cap then 84 mil.
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cryptoba
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June 08, 2014, 09:29:38 PM |
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I think to short a few numbers up will make OC much more attractive.
The value of OC will grow with new POS rates and a new 84 Mio coin capacity. If, you think 8 Years is too short we can play with the rates to get a few more years. Still, I assume it will be more than 8 Years as not all coins will be staking.
I think it could be a nice fresh new structure for OC and we make a nice communication on the new numbers and the masternodes.
If you want 84 million based on BTC's 21 million, yes, the time for minting needs to be extended past 8 years, since BTC has only ~13 million out in circulation. We have 51 million of 84 = 60.7%. Btc is at around 62%. OC % would pass BTC % in a few years, then skyrocket. If we mint out all our coins way before btc does, the OC price curve would take time to catch up, and I'm talking years. I understand what you mean, I think we have to reduce the POS rates and the total of coin amount. The 84 Mio was an idea. I give you an other one: let's make 88 Mio coins capcity reached after 26 Years
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Halofire
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June 08, 2014, 09:30:22 PM |
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Just a thought I want to add for our future defense: Most coins that I've seen that have slashed the cap don't fare well later on. Idk if this would be the same fate for OC or not, but we have a better shot of making this 'slash' into positive momentum for this reasoning: community discussed changes of incorporation of a feature that necessitates restructuring of the coin's economics. Most slashings are failed attempts to rejuvenate a coin that didn't produce the desired price, so that would be the difference.
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OC Development - oZwWbQwz6LAkDLa2pHsEH8WSD2Y3LsTgFt SMC Development - SgpYdoVz946nLBF2hF3PYCVQYnuYDeQTGu Friendly reminder: Back up your wallet.dat files!!
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Halofire
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June 08, 2014, 09:35:23 PM |
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I think to short a few numbers up will make OC much more attractive.
The value of OC will grow with new POS rates and a new 84 Mio coin capacity. If, you think 8 Years is too short we can play with the rates to get a few more years. Still, I assume it will be more than 8 Years as not all coins will be staking.
I think it could be a nice fresh new structure for OC and we make a nice communication on the new numbers and the masternodes.
If you want 84 million based on BTC's 21 million, yes, the time for minting needs to be extended past 8 years, since BTC has only ~13 million out in circulation. We have 51 million of 84 = 60.7%. Btc is at around 62%. OC % would pass BTC % in a few years, then skyrocket. If we mint out all our coins way before btc does, the OC price curve would take time to catch up, and I'm talking years. I understand what you mean, I think we have to reduce the POS rates and the total of coin amount. The 84 Mio was an idea. I give you an other one: let's make 88 Mio coins capcity reached after 26 Years That equates to average 1.42 million per year released into circulation, I wouldn't be able to figure out the PoS/Mnode schedule without doing a bunch of trial and error.
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OC Development - oZwWbQwz6LAkDLa2pHsEH8WSD2Y3LsTgFt SMC Development - SgpYdoVz946nLBF2hF3PYCVQYnuYDeQTGu Friendly reminder: Back up your wallet.dat files!!
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Jim_Rambler
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June 08, 2014, 09:37:11 PM |
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Yes too much change can be a bad thing sometimes, this was why I left the original coin cap and only shifted the reward % around
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cryptoba
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June 08, 2014, 09:38:19 PM |
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Halofire, Jim Rambler,
It would be great if you could make a few calculation on what would be possible with all those great ideas.( New Pos rates, Mnodes rates, New coin capacity, Period)
We might be able to find a great new structure tonight
I am sure you will come out with great numbers.
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Halofire
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June 08, 2014, 09:46:36 PM |
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Halofire, Jim Rambler,
It would be great if you could make a few calculation on what would be possible with all those great ideas.( New Pos rates, Mnodes rates, New coin capacity, Period)
We might be able to find a great new structure tonight
I am sure you will come out with great numbers.
To determine what the cap max should be if PoS cut 50%: If we cut the PoS by 50%, we would need to reduce coin cap by 1/2 to maintain stakers ROI. Cap at 100 million (or less) to theoretically double the price/value. Add in Mnodes, now coin cap has to be 101,225,000 102.5 million or less. So IMO, 84 or 88 or 102.5 all work.
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OC Development - oZwWbQwz6LAkDLa2pHsEH8WSD2Y3LsTgFt SMC Development - SgpYdoVz946nLBF2hF3PYCVQYnuYDeQTGu Friendly reminder: Back up your wallet.dat files!!
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Jim_Rambler
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Offline
Activity: 70
Merit: 10
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June 08, 2014, 09:50:18 PM |
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Halofire, Jim Rambler,
It would be great if you could make a few calculation on what would be possible with all those great ideas.( New Pos rates, Mnodes rates, New coin capacity, Period)
We might be able to find a great new structure tonight
I am sure you will come out with great numbers.
To determine what the cap max should be if PoS cut 50%: If we cut the PoS by 50%, we would need to reduce coin cap by 1/2 to maintain stakers ROI. Cap at 100 million (or less) to theoretically double the price/value. Add in Mnodes, now coin cap has to be 101,225,000 or less. Ok I think I got what your saying here, paint me the full picture so I know it's waht you mean. PoS 50% cut MN @ what %
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cryptoba
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June 08, 2014, 09:50:39 PM |
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Halofire, Jim Rambler,
It would be great if you could make a few calculation on what would be possible with all those great ideas.( New Pos rates, Mnodes rates, New coin capacity, Period)
We might be able to find a great new structure tonight
I am sure you will come out with great numbers.
To determine what the cap max should be if PoS cut 50%: If we cut the PoS by 50%, we would need to reduce coin cap by 1/2 to maintain stakers ROI. Cap at 100 million (or less) to theoretically double the price/value. Add in Mnodes, now coin cap has to be 101,225,000 or less. So IMO, 84 or 88 or 101225000 all work for me. That sounds great
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Specialkey
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June 08, 2014, 09:51:35 PM |
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Halofire, Jim Rambler,
It would be great if you could make a few calculation on what would be possible with all those great ideas.( New Pos rates, Mnodes rates, New coin capacity, Period)
We might be able to find a great new structure tonight
I am sure you will come out with great numbers.
To determine what the cap max should be if PoS cut 50%: If we cut the PoS by 50%, we would need to reduce coin cap by 1/2 to maintain stakers ROI. Cap at 100 million (or less) to theoretically double the price/value. Add in Mnodes, now coin cap has to be 101,225,000 or less. So IMO, 84 or 88 or 101225000 all work. +1 I like the number
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Halofire
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June 08, 2014, 09:59:56 PM |
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Halofire, Jim Rambler,
It would be great if you could make a few calculation on what would be possible with all those great ideas.( New Pos rates, Mnodes rates, New coin capacity, Period)
We might be able to find a great new structure tonight
I am sure you will come out with great numbers.
To determine what the cap max should be if PoS cut 50%: If we cut the PoS by 50%, we would need to reduce coin cap by 1/2 to maintain stakers ROI. Cap at 100 million (or less) to theoretically double the price/value. Add in Mnodes, now coin cap has to be 101,225,000 or less. Ok I think I got what your saying here, paint me the full picture so I know it's waht you mean. PoS 50% cut MN @ what % Mn @ 2.5%. i screwed my math up. i edited this original post to say 102.5 million not 101225000
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OC Development - oZwWbQwz6LAkDLa2pHsEH8WSD2Y3LsTgFt SMC Development - SgpYdoVz946nLBF2hF3PYCVQYnuYDeQTGu Friendly reminder: Back up your wallet.dat files!!
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Jim_Rambler
Member
Offline
Activity: 70
Merit: 10
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June 08, 2014, 10:06:58 PM |
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Halofire, Jim Rambler,
It would be great if you could make a few calculation on what would be possible with all those great ideas.( New Pos rates, Mnodes rates, New coin capacity, Period)
We might be able to find a great new structure tonight
I am sure you will come out with great numbers.
To determine what the cap max should be if PoS cut 50%: If we cut the PoS by 50%, we would need to reduce coin cap by 1/2 to maintain stakers ROI. Cap at 100 million (or less) to theoretically double the price/value. Add in Mnodes, now coin cap has to be 101,225,000 102.5 million or less. So IMO, 84 or 88 or 102.5 all work. Like this - 1st Year: 10% Pos 2.5% MN - 2nd Year : 2.5% Pos 2.5% MN - 3rd yr/Flat: 1.25% Pos 2.5% MN (102.5 million coin cap) need to plug these numbers in or do you know how many years?
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Specialkey
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June 08, 2014, 10:09:03 PM |
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Halofire, Jim Rambler,
It would be great if you could make a few calculation on what would be possible with all those great ideas.( New Pos rates, Mnodes rates, New coin capacity, Period)
We might be able to find a great new structure tonight
I am sure you will come out with great numbers.
To determine what the cap max should be if PoS cut 50%: If we cut the PoS by 50%, we would need to reduce coin cap by 1/2 to maintain stakers ROI. Cap at 100 million (or less) to theoretically double the price/value. Add in Mnodes, now coin cap has to be 101,225,000 or less. Ok I think I got what your saying here, paint me the full picture so I know it's waht you mean. PoS 50% cut MN @ what % Mn @ 2.5%. i screwed my math up. i edited this original post to say 102.5 million not 101225000 102,5 Mio good number I think:-)
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Halofire
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June 08, 2014, 10:13:53 PM |
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Halofire, Jim Rambler,
It would be great if you could make a few calculation on what would be possible with all those great ideas.( New Pos rates, Mnodes rates, New coin capacity, Period)
We might be able to find a great new structure tonight
I am sure you will come out with great numbers.
To determine what the cap max should be if PoS cut 50%: If we cut the PoS by 50%, we would need to reduce coin cap by 1/2 to maintain stakers ROI. Cap at 100 million (or less) to theoretically double the price/value. Add in Mnodes, now coin cap has to be 101,225,000 102.5 million or less. So IMO, 84 or 88 or 102.5 all work. Like this - 1st Year: 10% Pos 2.5% MN - 2nd Year : 2.5% Pos 2.5% MN - 3rd yr/Flat: 1.25% Pos 2.5% MN (102.5 million coin cap) need to plug these numbers in or do you know how many years? ~15 years
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OC Development - oZwWbQwz6LAkDLa2pHsEH8WSD2Y3LsTgFt SMC Development - SgpYdoVz946nLBF2hF3PYCVQYnuYDeQTGu Friendly reminder: Back up your wallet.dat files!!
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cryptoba
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June 08, 2014, 10:15:38 PM |
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Halofire, Jim Rambler,
It would be great if you could make a few calculation on what would be possible with all those great ideas.( New Pos rates, Mnodes rates, New coin capacity, Period)
We might be able to find a great new structure tonight
I am sure you will come out with great numbers.
To determine what the cap max should be if PoS cut 50%: If we cut the PoS by 50%, we would need to reduce coin cap by 1/2 to maintain stakers ROI. Cap at 100 million (or less) to theoretically double the price/value. Add in Mnodes, now coin cap has to be 101,225,000 102.5 million or less. So IMO, 84 or 88 or 102.5 all work. Like this - 1st Year: 10% Pos 2.5% MN - 2nd Year : 2.5% Pos 2.5% MN - 3rd yr/Flat: 1.25% Pos 2.5% MN (102.5 million coin cap) need to plug these numbers in or do you know how many years? I think we should really follow this direction if possible.
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Jim_Rambler
Member
Offline
Activity: 70
Merit: 10
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June 08, 2014, 10:18:47 PM |
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Halofire, Jim Rambler,
It would be great if you could make a few calculation on what would be possible with all those great ideas.( New Pos rates, Mnodes rates, New coin capacity, Period)
We might be able to find a great new structure tonight
I am sure you will come out with great numbers.
To determine what the cap max should be if PoS cut 50%: If we cut the PoS by 50%, we would need to reduce coin cap by 1/2 to maintain stakers ROI. Cap at 100 million (or less) to theoretically double the price/value. Add in Mnodes, now coin cap has to be 101,225,000 or less. Ok I think I got what your saying here, paint me the full picture so I know it's waht you mean. PoS 50% cut MN @ what % Mn @ 2.5%. i screwed my math up. i edited this original post to say 102.5 million not 101225000 You're going to laugh. Either I'm having a serious brainfart, or... Should just add 5 million (2.5% of 200 million) to the coin cap now for the Mnodes and leave everything else the same as it is now, same result, except our held coins remain worth the same and holders don't get rewarded. We'd have to divide the amount of coins already in circulation for it to work correctly. yeah 2.5% seems like a lot but its really not and 5 million probably works I'm on my mobile now but give me a sec to do the math, 5 mill prob last the whole 46 years at 2.5% the reason I shifted % originally was to give incentive to put up maternodes with out just raising coin cap
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Halofire
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June 08, 2014, 10:22:57 PM |
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Halofire, Jim Rambler,
It would be great if you could make a few calculation on what would be possible with all those great ideas.( New Pos rates, Mnodes rates, New coin capacity, Period)
We might be able to find a great new structure tonight
I am sure you will come out with great numbers.
To determine what the cap max should be if PoS cut 50%: If we cut the PoS by 50%, we would need to reduce coin cap by 1/2 to maintain stakers ROI. Cap at 100 million (or less) to theoretically double the price/value. Add in Mnodes, now coin cap has to be 101,225,000 or less. Ok I think I got what your saying here, paint me the full picture so I know it's waht you mean. PoS 50% cut MN @ what % Mn @ 2.5%. i screwed my math up. i edited this original post to say 102.5 million not 101225000 You're going to laugh. Either I'm having a serious brainfart, or... Should just add 5 million (2.5% of 200 million) to the coin cap now for the Mnodes and leave everything else the same as it is now, same result, except our held coins remain worth the same and holders don't get rewarded. We'd have to divide the amount of coins already in circulation for it to work correctly. yeah 2.5% seems like a lot but its really not and 5 million probably works I'm on my mobile now but give me a sec to do the math, 5 mill prob last the whole 46 years at 2.5% the reason I shifted % originally was to give incentive to put up maternodes with out just raising coin cap 5 million cap raise to accommodate a feature is really negligable if you think about how it impacts 200 million over 46 years.
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OC Development - oZwWbQwz6LAkDLa2pHsEH8WSD2Y3LsTgFt SMC Development - SgpYdoVz946nLBF2hF3PYCVQYnuYDeQTGu Friendly reminder: Back up your wallet.dat files!!
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