Jim_Rambler
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June 08, 2014, 10:32:05 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. very true!! my thoughts came from one of my favorite things about crypto, to add things you must go to the people and ask, rather then just print more money. Like we see so much now a days, but i like this idea and we will see how others weigh in?
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Halofire
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June 08, 2014, 10:37:38 PM |
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Also, just to throw it out there, it would take one year of shortening the 2.5% PoS to provide the Mnodes with 5+ million coins.
Any way how you choose the payout schedule, how would you be able to program the OC itself to divide 5 million coins over 45 or 46 years to work harmoniously with PoS? Won't PoS generate 20% of all coins, including the Mnodes payout? Thats where I can't answer since I don't know the mechanics.
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Jim_Rambler
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June 08, 2014, 10:58:59 PM |
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Also, just to throw it out there, it would take one year of shortening the 2.5% PoS to provide the Mnodes with 5+ million coins.
Any way how you choose the payout schedule, how would you be able to program the OC itself to divide 5 million coins over 45 or 46 years to work harmoniously with PoS? Won't PoS generate 20% of all coins, including the Mnodes payout? Thats where I can't answer since I don't know the mechanics.
that is the easy part after we get the number, to write the code. it's part of seeing what we end up doing how i work the numbers to run. but what we are thinking is paying out every masternode their % of every block reward. so (and sry this is off my mobile) lets say we go with 2.5% and we dont change the 20% PoS. This is rough math here but starting the MN now and taking out the month that has already been passed. MN get 1,062,500 still left paid out over the next about 11 months. so just say there is 330 days left in this year that means masternodes get 4.4718 coins per block to be divided between the total number of masternodes. once again sry for the rough numbers
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Jim_Rambler
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June 08, 2014, 11:33:02 PM Last edit: June 08, 2014, 11:43:52 PM by Jim_Rambler |
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Also, just to throw it out there, it would take one year of shortening the 2.5% PoS to provide the Mnodes with 5+ million coins.
Any way how you choose the payout schedule, how would you be able to program the OC itself to divide 5 million coins over 45 or 46 years to work harmoniously with PoS? Won't PoS generate 20% of all coins, including the Mnodes payout? Thats where I can't answer since I don't know the mechanics.
that is the easy part after we get the number, to write the code. it's part of seeing what we end up doing how i work the numbers to run. but what we are thinking is paying out every masternode their % of every block reward. so (and sry this is off my mobile) lets say we go with 2.5% and we dont change the 20% PoS. This is rough math here but starting the MN now and taking out the month that has already been passed. MN get 1,062,500 still left paid out over the next about 11 months. so just say there is 330 days left in this year that means masternodes get 4.4718 coins per block to be divided between the total number of masternodes. once again sry for the rough numbers ok so that 1,062,500 looked high if that was only 1 year and we said 5 million was going to last 46 yrs. so i factored the 2.5% compounding interest over 46 years and we would need to add a little over 104 million to the coin cap to keep the PoS the same as it is now.
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btcMagnet
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June 09, 2014, 12:43:13 AM |
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Also, just to throw it out there, it would take one year of shortening the 2.5% PoS to provide the Mnodes with 5+ million coins.
Any way how you choose the payout schedule, how would you be able to program the OC itself to divide 5 million coins over 45 or 46 years to work harmoniously with PoS? Won't PoS generate 20% of all coins, including the Mnodes payout? Thats where I can't answer since I don't know the mechanics.
that is the easy part after we get the number, to write the code. it's part of seeing what we end up doing how i work the numbers to run. but what we are thinking is paying out every masternode their % of every block reward. so (and sry this is off my mobile) lets say we go with 2.5% and we dont change the 20% PoS. This is rough math here but starting the MN now and taking out the month that has already been passed. MN get 1,062,500 still left paid out over the next about 11 months. so just say there is 330 days left in this year that means masternodes get 4.4718 coins per block to be divided between the total number of masternodes. once again sry for the rough numbers ok so that 1,062,500 looked high if that was only 1 year and we said 5 million was going to last 46 yrs. so i factored the 2.5% compounding interest over 46 years and we would need to add a little over 104 million to the coin cap to keep the PoS the same as it is now. Yes also I think reducing the PoS % rate after all the advertising amounts to breach of contract with the people that have already invested in OrangeCoin... bad idea, negative PR for the coin.
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Jim_Rambler
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June 09, 2014, 12:58:54 AM |
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Also, just to throw it out there, it would take one year of shortening the 2.5% PoS to provide the Mnodes with 5+ million coins.
Any way how you choose the payout schedule, how would you be able to program the OC itself to divide 5 million coins over 45 or 46 years to work harmoniously with PoS? Won't PoS generate 20% of all coins, including the Mnodes payout? Thats where I can't answer since I don't know the mechanics.
that is the easy part after we get the number, to write the code. it's part of seeing what we end up doing how i work the numbers to run. but what we are thinking is paying out every masternode their % of every block reward. so (and sry this is off my mobile) lets say we go with 2.5% and we dont change the 20% PoS. This is rough math here but starting the MN now and taking out the month that has already been passed. MN get 1,062,500 still left paid out over the next about 11 months. so just say there is 330 days left in this year that means masternodes get 4.4718 coins per block to be divided between the total number of masternodes. once again sry for the rough numbers ok so that 1,062,500 looked high if that was only 1 year and we said 5 million was going to last 46 yrs. so i factored the 2.5% compounding interest over 46 years and we would need to add a little over 104 million to the coin cap to keep the PoS the same as it is now. Yes also I think reducing the PoS % rate after all the advertising amounts to breach of contract with the people that have already invested in OrangeCoin... bad idea, negative PR for the coin. I'm just going to repost my original numbers so we can re look at them yr1 PoS 18% MN 2% yr2 PoS 8.5% MN 1.5% yr3 PoS 3.5% MN 1.5% Flat PoS 1% MN 1.5% Your right it does change things a little vs adding almost 105 million to the coin cap How bout this? yr1 PoS 18% MN 2% yr2 PoS 8.5% MN 1.5% yr3 PoS 3.5% MN 1.5% Flat PoS 1.5% MN 1%
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btcMagnet
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June 09, 2014, 01:15:57 AM |
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Also, just to throw it out there, it would take one year of shortening the 2.5% PoS to provide the Mnodes with 5+ million coins.
Any way how you choose the payout schedule, how would you be able to program the OC itself to divide 5 million coins over 45 or 46 years to work harmoniously with PoS? Won't PoS generate 20% of all coins, including the Mnodes payout? Thats where I can't answer since I don't know the mechanics.
that is the easy part after we get the number, to write the code. it's part of seeing what we end up doing how i work the numbers to run. but what we are thinking is paying out every masternode their % of every block reward. so (and sry this is off my mobile) lets say we go with 2.5% and we dont change the 20% PoS. This is rough math here but starting the MN now and taking out the month that has already been passed. MN get 1,062,500 still left paid out over the next about 11 months. so just say there is 330 days left in this year that means masternodes get 4.4718 coins per block to be divided between the total number of masternodes. once again sry for the rough numbers ok so that 1,062,500 looked high if that was only 1 year and we said 5 million was going to last 46 yrs. so i factored the 2.5% compounding interest over 46 years and we would need to add a little over 104 million to the coin cap to keep the PoS the same as it is now. Yes also I think reducing the PoS % rate after all the advertising amounts to breach of contract with the people that have already invested in OrangeCoin... bad idea, negative PR for the coin. I'm just going to repost my original numbers so we can re look at them yr1 PoS 18% MN 2% yr2 PoS 8.5% MN 1.5% yr3 PoS 3.5% MN 1.5% Flat PoS 1% MN 1.5% Your right it does change things a little vs adding almost 105 million to the coin cap How bout this? yr1 PoS 18% MN 2% yr2 PoS 8.5% MN 1.5% yr3 PoS 3.5% MN 1.5% Flat PoS 1.5% MN 1% Adding to the total number of coins dilutes the value of existing coins, another unadvertised reduction in coin value that could result in litigation. Has anyone considered raising the transfer cost to compensate? This would seem to be the only way that doesn't renege on promises already made.
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fonzerrellie
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Kaspa
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June 09, 2014, 01:34:46 AM |
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good thought on raising the tx's but by how much?? and that would mean if it's not being used/tranfered around then no tx fee's to collect?
I like the idea of maybe taking a year or two off the end of pos stage making it 44 yrs instead of 46
PS this new kingcoiny exchange is pretty slick... super fast trades and super easy to use, easy on the eye's as well.
sitting around 500 at the moment
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#Expanse $EXP 500 transactions 4 .1 EXP 1st Clone of ETH WAVES
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phoneled
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June 09, 2014, 01:35:33 AM |
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wow, anno too?
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btcMagnet
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June 09, 2014, 02:53:24 AM |
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Also, just to throw it out there, it would take one year of shortening the 2.5% PoS to provide the Mnodes with 5+ million coins.
Any way how you choose the payout schedule, how would you be able to program the OC itself to divide 5 million coins over 45 or 46 years to work harmoniously with PoS? Won't PoS generate 20% of all coins, including the Mnodes payout? Thats where I can't answer since I don't know the mechanics.
that is the easy part after we get the number, to write the code. it's part of seeing what we end up doing how i work the numbers to run. but what we are thinking is paying out every masternode their % of every block reward. so (and sry this is off my mobile) lets say we go with 2.5% and we dont change the 20% PoS. This is rough math here but starting the MN now and taking out the month that has already been passed. MN get 1,062,500 still left paid out over the next about 11 months. so just say there is 330 days left in this year that means masternodes get 4.4718 coins per block to be divided between the total number of masternodes. once again sry for the rough numbers ok so that 1,062,500 looked high if that was only 1 year and we said 5 million was going to last 46 yrs. so i factored the 2.5% compounding interest over 46 years and we would need to add a little over 104 million to the coin cap to keep the PoS the same as it is now. Yes also I think reducing the PoS % rate after all the advertising amounts to breach of contract with the people that have already invested in OrangeCoin... bad idea, negative PR for the coin. I'm just going to repost my original numbers so we can re look at them yr1 PoS 18% MN 2% yr2 PoS 8.5% MN 1.5% yr3 PoS 3.5% MN 1.5% Flat PoS 1% MN 1.5% Your right it does change things a little vs adding almost 105 million to the coin cap How bout this? yr1 PoS 18% MN 2% yr2 PoS 8.5% MN 1.5% yr3 PoS 3.5% MN 1.5% Flat PoS 1.5% MN 1% Adding to the total number of coins dilutes the value of existing coins, another unadvertised reduction in coin value that could result in litigation. Has anyone considered raising the transfer cost to compensate? This would seem to be the only way that doesn't renege on promises already made. one also might consider that optional anonymity would reduced the number of people using expensive methods. actual need or even desire for anon in practice could easily be 10% or less. I don't think people who want it will mind paying for it, and even if they do, we are finding out here that in real life anon has a price, which imo should be paid strictly by the people using it.
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Jim_Rambler
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June 09, 2014, 03:12:59 AM |
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It's important to look at the only other coin using masternodes with Anon and how the masternodes effected their price when they went live. And they took 10% of the reward and shifted it to the masternodes https://coinmarketcap.com/drk_90.htmlYes I know this is not us and its a different coin, I only bring it up to show what can happen when 10% of rewards where shifted to Masternode payouts. Because its the only other real example around, sometimes it good to look at others who have done it. As well as for us to guess what will happen when we do it and what could happen.
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coins4meh
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June 09, 2014, 03:17:52 AM |
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what's with all the colour coins?
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Halofire
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June 09, 2014, 04:02:33 AM |
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It's important to look at the only other coin using masternodes with Anon and how the masternodes effected their price when they went live. And they took 10% of the reward and shifted it to the masternodes https://coinmarketcap.com/drk_90.htmlYes I know this is not us and its a different coin, I only bring it up to show what can happen when 10% of rewards where shifted to Masternode payouts. Because its the only other real example around, sometimes it good to look at others who have done it. As well as for us to guess what will happen when we do it and what could happen. So why are we trying to under-replicate? Do the entire 10% and add it to the coin cap. 220 million. or take 4-5 years off PoS. It still wont affect the price that much if we added 20 million over 46 years to the cap for a feature.
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OC Development - oZwWbQwz6LAkDLa2pHsEH8WSD2Y3LsTgFt SMC Development - SgpYdoVz946nLBF2hF3PYCVQYnuYDeQTGu Friendly reminder: Back up your wallet.dat files!!
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ChrisLandin
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June 09, 2014, 04:09:43 AM |
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Morning guys.
Just saying ive received my first stake this morning. Its a long time to wait the 14 days but worth it, 391 more oc's for me. Keep with the good work team
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Jim_Rambler
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June 09, 2014, 04:16:09 AM |
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It's important to look at the only other coin using masternodes with Anon and how the masternodes effected their price when they went live. And they took 10% of the reward and shifted it to the masternodes https://coinmarketcap.com/drk_90.htmlYes I know this is not us and its a different coin, I only bring it up to show what can happen when 10% of rewards where shifted to Masternode payouts. Because its the only other real example around, sometimes it good to look at others who have done it. As well as for us to guess what will happen when we do it and what could happen. So why are we trying to under-replicate? Do the entire 10% and add it to the coin cap. 220 million. or take 4-5 years off PoS. It still wont affect the price that much if we added 20 million over 46 years to the cap for a feature. Are you saying do 10% of the reward and just add it to the cut the whole way down? yr1 PoS 20% MN 2% yr2 PoS 10% MN 1% yr3 PoS 5% MN 0.5% Flat PoS 2.5% MN 0.25% it's compounded interest so it adds about 30 million or we take 5 years off but its a good point
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kashking
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June 09, 2014, 04:31:47 AM |
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Hi Devs,
Would it be possible to make a post on 3 different possible Masternodes specifications and then we make a vote ?
Is this already in plan ?
I'd like to add my input on the numbers but I don't how much the devs are aiming for, for the masternodes payout. I'd assume they'd want 2% of the coin cap from their model. I'd go as far as 10-20% with a larger amount of OC required per Mnode, like 10k, but only if they choose options B or C of my scenarios. I haven't checked these numbers, Idk if they would work. The fees/prices associated with the free year at amazon hosting AFTER the free year becomes like another electric bill. There are so many options to choose from, and have no idea how much data 1 Mnode would use. Need to know what data package we'd need (per operating system) to buy or if we could just re-sign up with a new account and get another free year. Is it contracted 1 free year for like a 5 year contract? Who's got experience with this who can answer? It is the "t1.micro" which is free for the first year and then $60 for a 1 year term or $100 for a 3 year term Perfect, thanks. Does that manage only one node or multiple? That well only manage 1 node but I'm still looking in to maximizing amazon's "Free" offer. What I mean is it says -750 hours of EC2 running Linux/Unix Micro instance usage -750 hours of EC2 running Microsoft Windows Server Micro instance usage So I want to see if we can get you guys a linux and a windows for free? Because if so then we will be able to have 2 for free, i can do this with code but not sure if Amazon means only 1 free either Linux OR Windows I believe they mean a single instance, regardless of operating system. I haven't tested this but I have used EC2 a bit.
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Halofire
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June 09, 2014, 04:34:34 AM |
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ok, 30 million is an actual realized 15%. Could be a selling point, payout better than DRK?
Or go for 14 million for a realized 22 million, closer to the goal of 10%?
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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 09, 2014, 04:40:02 AM |
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don't forget to vote guys n gals!
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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 09, 2014, 04:44:57 AM |
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Coins produced PoS PoS rewards Masternodes MN rewadrs 1 50,000,000 20% 10000000 2% 1000000 2 61,000,000 10% 6100000 1% 610000 3 67,710,000 5% 3385500 0.5% 338550 4 71,434,050 2.5% 1785851.25 0.25% 178585.125 5 73,398,486.375 2.5% 1834962.159 0.25% 183496.21593 6 75,416,944.7503 2.5% 1885423.618 0.25% 188542.36187 7 77,490,910.7309 2.5% 1937272.76827 0.25% 193727.27682 8 79,621,910.7760 2.5% 1990547.76940 0.25% 199054.77694 9 81,811,513.3223 2.5% 2045287.83305 0.25% 204528.78330 10 84,061,329.9387 2.5% 2101533.24846 0.25% 210153.32484
This is what the first 10 years looks like, the only small thing I see is year 4 masternode reward is pretty low, However this may be ok. The thing with masternodes is the coins price raises with it or the node count drops to adjust. either way this may be ok.
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Jim_Rambler
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June 09, 2014, 04:54:10 AM |
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Coins produced PoS PoS rewards Masternodes MN rewadrs 1 50,000,000 20% 10000000 2% 1000000 2 61,000,000 10% 6100000 1% 610000 3 67,710,000 5% 3385500 0.5% 338550 4 71,434,050 2.5% 1785851.25 0.25% 178585.125 5 73,398,486.375 2.5% 1834962.159 0.25% 183496.21593 6 75,416,944.7503 2.5% 1885423.618 0.25% 188542.36187 7 77,490,910.7309 2.5% 1937272.76827 0.25% 193727.27682 8 79,621,910.7760 2.5% 1990547.76940 0.25% 199054.77694 9 81,811,513.3223 2.5% 2045287.83305 0.25% 204528.78330 10 84,061,329.9387 2.5% 2101533.24846 0.25% 210153.32484
This is what the first 10 years looks like, the only small thing I see is year 4 masternode reward is pretty low, However this may be ok. The thing with masternodes is the coins price raises with it or the node count drops to adjust. either way this may be ok.
Then here is what the end looks like with the 10% 41 194909498.347209 2.5% 4872737.45868023 0.25% 487273.745868023 42 200269509.551757 2.5% 5006737.73879394 0.25% 500673.773879394 43 205776921.064431 2.5% 5144423.02661077 0.25% 514442.302661077 44 211435786.393703 2.5% 5285894.65984257 0.25% 528589.465984257 45 217250270.519529 2.5% 5431256.76298824 0.25% 543125.676298824 46 223224652.958817 2.5% 5580616.32397041 0.25% 558061.632397041 end of 46 years total 229,363,330.915184 or we end it after 41 which is the total that 42 starts with 200,269,509
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