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open82buy
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May 26, 2014, 06:56:45 PM |
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Waited to reply after reg had closed, otherwise would get buried!
If you take a look at other POS coins, you will find only a small percentage of people stake. Compared to the amount who just keep on exchanges. So it won't generate exactly 7% per year on the current money supply. It's 7% on what you hold in your wallet. Forget about what it could be on the total money supply, it's possible but in reality won't happen. New coins are minted based on the coins you hold in the wallet.
For example, BlackCoin it has 75M and a max supply of 1B. Since their POW mining finished it's not generated 1% on the full 75M supply. it's the same for every POS coin. KryptKoin has the same max supply of 1B, but would take a very very long time to reach that if at all.
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I get 1 stake like everyone else, I'm going to rely on stake holders to donate for bounties and feature updates. If 80% of stake holders donate just a small amount we will have a healthy balance to work with.
Thanks KryptKoin for the answer. That seems a reasonable supply, as indeed, only a limited number of people is keeping coins in their wallets, despite possible PoS gains. Problems with the exchanges we had so far this year may slightly change this trend, but still one would not expect to have full 7% per years produced. And +1 to the idea of collecting the bounties among the stockholders. Full answer very much appreciated, Mr Dev Sir. Lion molified  Happy to tithe original stake to community funds, after bonus issue received. guess who swallowed the dictionary (tithe) XD +1 lol |
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LionOfNarnia
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May 26, 2014, 07:14:05 PM |
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Waited to reply after reg had closed, otherwise would get buried!
If you take a look at other POS coins, you will find only a small percentage of people stake. Compared to the amount who just keep on exchanges. So it won't generate exactly 7% per year on the current money supply. It's 7% on what you hold in your wallet. Forget about what it could be on the total money supply, it's possible but in reality won't happen. New coins are minted based on the coins you hold in the wallet.
For example, BlackCoin it has 75M and a max supply of 1B. Since their POW mining finished it's not generated 1% on the full 75M supply. it's the same for every POS coin. KryptKoin has the same max supply of 1B, but would take a very very long time to reach that if at all.
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I get 1 stake like everyone else, I'm going to rely on stake holders to donate for bounties and feature updates. If 80% of stake holders donate just a small amount we will have a healthy balance to work with.
Thanks KryptKoin for the answer. That seems a reasonable supply, as indeed, only a limited number of people is keeping coins in their wallets, despite possible PoS gains. Problems with the exchanges we had so far this year may slightly change this trend, but still one would not expect to have full 7% per years produced. And +1 to the idea of collecting the bounties among the stockholders. Full answer very much appreciated, Mr Dev Sir. Lion molified Happy to tithe original stake to community funds, after bonus issue received. Didn't know you were religious Lion  I will make a donation as well, only if I made the list of course LMAO - It actually says Reverend 'Lion' on my Passport & Driving Licence, dude Legally ULC ordained, school of Kantheism . So no, I'm not religious in the slightest, you're right about that. "The only thing I know is that I know nothing - and no-one else does either" |
"I don't always kill & eat things - but when I do it's because I'm a Lion & they were things" |
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Phore (OP)
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May 26, 2014, 07:47:00 PM |
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UpdateHere's the raw list, the edited 'provisional' list will be posted tomorrow. Then double check it and post the final list in the OP. It's top to bottom, first 130 people will receive a stake providing none are removed. But likely some will be replaced once they've been checked. Any that are removed will be replaced by the waiting list from number 131> Once the final list is ready, will ask those to PM me with their KTK address. https://docs.google.com/spreadsheets/d/1gJ2gAr4iW0FAeUYT7cJmpgnux_JXPffTGFxK1NCMzQE/
Wallet StatusWallets will be available at the latest tomorrow, possibly later tonight. Started a fresh and currently mining the coins. I will post an update later to confirm.
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adjiadjo
Legendary
 Offline
Activity: 1218
Merit: 1038
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May 26, 2014, 07:50:15 PM |
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yeah!!! no 25 on raw list  hope i'm eligible |
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biggernugs
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May 26, 2014, 07:50:53 PM |
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Sweet! I'm number 48! I'll definitely donate some coins back to help out. Thanks!
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schnötzel
Legendary
Offline
Activity: 1316
Merit: 1041
Bitcoin is a bit**
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May 26, 2014, 07:55:51 PM |
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schn\u00f6tzel I hope that´s me |
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opus.224
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May 26, 2014, 08:00:10 PM |
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Who's the number one?  )) |
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uki
Legendary
Offline
Activity: 1358
Merit: 1000
cryptojunk bag holder
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May 26, 2014, 08:01:22 PM |
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I am seventh on the list.
Looking forward to the verification, wallet update and distribution.
Thanks a lot dev for the hard work so far.
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qiwoman
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May 26, 2014, 08:02:14 PM |
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Oh what a shame I missed this one..I would have one a blog post and promoted it hard as well..Oh well never mind my loss.  I hate the Canadian time zone I am in. |
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testadimerlo
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May 26, 2014, 08:04:20 PM |
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Guys, dev is doing a hard work to make a very fair distribution. I hope that all of us will takes care of this and not just to dump  |
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policymaker
Full Member
Offline
Activity: 210
Merit: 100
Crypto Currency Supporter
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May 26, 2014, 08:10:36 PM |
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249 people? this is the newly registered round 2 list right? I didnt see my name in there and was totally scared for a sec!
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testadimerlo
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May 26, 2014, 08:11:29 PM |
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249 people? this is the newly registered round 2 list right? I didnt see my name in there and was totally scared for a sec!
Lol, here the same |
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uki
Legendary
Offline
Activity: 1358
Merit: 1000
cryptojunk bag holder
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May 26, 2014, 08:12:46 PM |
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249 people? this is the newly registered round 2 list right? I didnt see my name in there and was totally scared for a sec!
yes, this the new list. The first list you have on page one in this thread.  |
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Mustafa SiSic
Member
Offline
Activity: 308
Merit: 10
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May 26, 2014, 08:12:54 PM |
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Who's the number one? )) Who's near you? watch your step! |
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dukektm
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May 26, 2014, 08:17:54 PM |
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I'm number 53 i'm waiting the final list |
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Mac Red
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May 26, 2014, 08:18:09 PM |
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UpdateHere's the raw list, the edited 'provisional' list will be posted tomorrow. Then double check it and post the final list in the OP. It's top to bottom, first 130 people will receive a stake providing none are removed. But likely some will be replaced once they've been checked. Any that are removed will be replaced by the waiting list from number 131> Once the final list is ready, will ask those to PM me with their KTK address. https://docs.google.com/spreadsheets/d/1gJ2gAr4iW0FAeUYT7cJmpgnux_JXPffTGFxK1NCMzQE/
Wallet StatusWallets will be available at the latest tomorrow, possibly later tonight. Started a fresh and currently mining the coins. I will post an update later to confirm. Keep up the good job! |
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frant100
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May 26, 2014, 08:23:47 PM |
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XD number 34 XD
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open82buy
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May 26, 2014, 08:26:59 PM |
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Cool I made the list, cheers Dev Now off to have a wank to celebrate free coins, stake, more free coins  |
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Phore (OP)
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May 26, 2014, 08:50:04 PM |
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Don't worry, once the stakes are distributed will have some bounties setup for articles/promotion etc. Oh what a shame I missed this one..I would have one a blog post and promoted it hard as well..Oh well never mind my loss. I hate the Canadian time zone I am in. Yes, that would be you (updated list). Silly database! schn\u00f6tzel I hope that´s me |
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