[ANN] Maieuticoin | 2014% PoS | 10k/MMXIV and BALLS/MMXIV Markets NOW OPEN

[iGotSpots]

Back in the top 100 again on coinmarketcap

[glax1983]

some1 did nice buy

[alinda]

hello,


i have MMXIV version 1 how to conversion to MMXIV version 2

please help me


thank you

[AdamWhite]

Phosphorous is completely correct in his calculations.  It only makes sense that eventually, each MMXIV coin is going to be worth less.  It would be foolish to think that by December when there are a billion MMXIV in circulation they will still be worth 0.02 BTC each.  As much as I'd love for MMXIV to have a market cap of $5billion I believe that is highly unlikely.

All cryptocurrencies head down this path.  As they are mined, more come into circulation, and most of the time, this devalues the currency.  The more of it available, the less it's worth.  The important metric to look at here is total market cap - and for MMXIV, this is growing steadily over the past 30 days.

The import distinction with MMXIV is your personal stake rate versus network inflation.  While you are staking MMXIV you are earning 5.5% of your balance every day.  At the same time, the network coin supply is inflating by only 4.0%.  This is an awesome system and has never been done with a POS coin before.

What this means is that as the currency devalues due to inflation, you are still earning more MMXIV in stake than the currency is being devalued by.  For example, if you were holding 200 MMXIV today and staked them for the next ~2 months, and I'll adjust the current price for inflation:

Jan 26
Current coin supply is 19,200
Your holdings are 200 MMXIV or 1.04% of the total supply
Current price is 0.02BTC per MMXIV
Your wallet of 200 MMXIV * 0.02BTC = 4 BTC

Mar 30
Current coin supply is  227,196.48
Your holdings are 5833.6 MMXIV or 2.57% of the total supply
Current inflation-adjusted price of MMXIV is now 0.0015 - assuming it dropped by 4% per day this entire period
Your wallet of 5833.6 MMXIV * 0.0015 BTC = 8.9 BTC

Simply by holding and staking these coins, your personal percent value of the market cap increased by 1.5x.  Even after taking inflation into account, you're still earning 1.5% per day.

It's not clear why you believe your 1.04% of total supply will increase to 2.57% of total supply?... what assumptions are you making?

[TimC]

It's not clear why you believe your 1.04% of total supply will increase to 2.57% of total supply?... what assumptions are you making?

That is based off of him holding and staking his coins while other coins are being moved and traded so those are not staking. Therefore his coins are growing at a larger rate then the rate all of the other coins combined since not all of them are staking.

[istvandv]

Phosphorous is completely correct in his calculations.  It only makes sense that eventually, each MMXIV coin is going to be worth less.  It would be foolish to think that by December when there are a billion MMXIV in circulation they will still be worth 0.02 BTC each.  As much as I'd love for MMXIV to have a market cap of $5billion I believe that is highly unlikely.

All cryptocurrencies head down this path.  As they are mined, more come into circulation, and most of the time, this devalues the currency.  The more of it available, the less it's worth.  The important metric to look at here is total market cap - and for MMXIV, this is growing steadily over the past 30 days.

The import distinction with MMXIV is your personal stake rate versus network inflation.  While you are staking MMXIV you are earning 5.5% of your balance every day.  At the same time, the network coin supply is inflating by only 4.0%.  This is an awesome system and has never been done with a POS coin before.

What this means is that as the currency devalues due to inflation, you are still earning more MMXIV in stake than the currency is being devalued by.  For example, if you were holding 200 MMXIV today and staked them for the next ~2 months, and I'll adjust the current price for inflation:

Jan 26
Current coin supply is 19,200
Your holdings are 200 MMXIV or 1.04% of the total supply
Current price is 0.02BTC per MMXIV
Your wallet of 200 MMXIV * 0.02BTC = 4 BTC

Mar 30
Current coin supply is  227,196.48
Your holdings are 5833.6 MMXIV or 2.57% of the total supply
Current inflation-adjusted price of MMXIV is now 0.0015 - assuming it dropped by 4% per day this entire period
Your wallet of 5833.6 MMXIV * 0.0015 BTC = 8.9 BTC

Simply by holding and staking these coins, your personal percent value of the market cap increased by 1.5x.  Even after taking inflation into account, you're still earning 1.5% per day.

It's not clear why you believe your 1.04% of total supply will increase to 2.57% of total supply?... what assumptions are you making?

it is assuming total supply inflates at 4% only (due to transaction fees, inflation controls, coins in exchanges etc..)
while you hold and stake the 200 daily for 5.5%

so

coin supply from 19,200 to 227,196.48  (4% inflation)
holdings from 200 to 5833.6 (5.5% daily compound interest)
5833.6 /  227,196 = 2.57%

[robmob]

Nice to see the price climbing back up, Glad I held on to some of these now I just need to get that staking hardware.

[taxmanmt5]

wow M coin is rocking again

price is picking up sell walls seem dull with low volumes....

Lets list M coin across all exchanges

[Opnsrc]

MultiPool Info, please Read

Due to the incoming blizzard in the NE USA, the multipool may have some down time, if my power goes out or inet goes down.

If I loose either, I will try to post an update (via my phone) as I can.

Also, I have updated the stats on the backlog page.

So the weather people got it wrong (again).  Only got 4 inches of snow, and not the 12-24 inches they were predicting.  No downtime is expected for the pool in the near future.

Just outside of Boston here.
We got 2.5 Feet of snow. Spent 2 hours clearing off my car and my very short driveway late last night. Than thanks to the kindness of a plow driver, I woke up to a 7 foot wall of snow behind my car this morning.  <("<)

[forbesmining]

As for coin supply ---> "moneysupply" : 21072   This amount times 2015% equals 424,600 one year from now...how are ppl coming up with billions? Please, Rainman or somebody, help me understand the math

[Mortimer452]

As for coin supply ---> "moneysupply" : 21072   This amount times 2015% equals 424,600 one year from now...how are ppl coming up with billions? Please, Rainman or somebody, help me understand the math

Daily compounding makes all the difference.  Average inflation rate is about 4% per day right now.  So it's really not 2014% per year, it's 4% per day which is VERY different. 

[inspiron]

As for coin supply ---> "moneysupply" : 21072   This amount times 2015% equals 424,600 one year from now...how are ppl coming up with billions? Please, Rainman or somebody, help me understand the math

Daily compounding makes all the difference.  Average inflation rate is about 4% per day right now.  So it's really not 2014% per year, it's 4% per day which is VERY different.  

Yes i got the same 4% from last 2days but it was 5.5% on 26th jan

[istvandv]

As for coin supply ---> "moneysupply" : 21072   This amount times 2015% equals 424,600 one year from now...how are ppl coming up with billions? Please, Rainman or somebody, help me understand the math

try this daily compounding website:
http://compoundaily.com/

initial amount = 21072
daily interest rate = 4%
lenght of term = 365
daily reinvest rate = 100%
exclude weekends = no

calculate now!
result after 365 days = 34,743,594,809.21

[vegasguy]

As for coin supply ---> "moneysupply" : 21072   This amount times 2015% equals 424,600 one year from now...how are ppl coming up with billions? Please, Rainman or somebody, help me understand the math

try this daily compounding website:
http://compoundaily.com/

initial amount = 21072
daily interest rate = 4%
lenght of term = 365
daily reinvest rate = 100%
exclude weekends = no

calculate now!
result after 365 days = 34,743,594,809.21

“The most powerful force in the universe is compound interest” – Albert Einstein

[iGotSpots]

As for coin supply ---> "moneysupply" : 21072   This amount times 2015% equals 424,600 one year from now...how are ppl coming up with billions? Please, Rainman or somebody, help me understand the math

try this daily compounding website:
http://compoundaily.com/

initial amount = 21072
daily interest rate = 4%
lenght of term = 365
daily reinvest rate = 100%
exclude weekends = no

calculate now!
result after 365 days = 34,743,594,809.21

“The most powerful force in the universe is compound interest” – Albert Einstein

[Videlicet]

As for coin supply ---> "moneysupply" : 21072   This amount times 2015% equals 424,600 one year from now...how are ppl coming up with billions? Please, Rainman or somebody, help me understand the math

try this daily compounding website:
http://compoundaily.com/

initial amount = 21072
daily interest rate = 4%
lenght of term = 365
daily reinvest rate = 100%
exclude weekends = no

calculate now!
result after 365 days = 34,743,594,809.21

“The most powerful force in the universe is compound interest” – Albert Einstein

Until they realize value is obliterated in interest. Fractional Reserve Banking anyone, it makes the rich richer 

And then we think,
Viz.

[iGotSpots]

As for coin supply ---> "moneysupply" : 21072   This amount times 2015% equals 424,600 one year from now...how are ppl coming up with billions? Please, Rainman or somebody, help me understand the math

try this daily compounding website:
http://compoundaily.com/

initial amount = 21072
daily interest rate = 4%
lenght of term = 365
daily reinvest rate = 100%
exclude weekends = no

calculate now!
result after 365 days = 34,743,594,809.21

“The most powerful force in the universe is compound interest” – Albert Einstein

Until they realize value is obliterated in interest. Fractional Reserve Banking anyone, it makes the rich richer 

And then we think,
Viz.

Except in this case, everyone has a fair shot to get in to a proven to work system

[Brilliance]

Any chance of specifying a max amount of coins before the total amount of coins gets completely out of hand? At some point the value of each coin is going to be nothing at all.

Just wondering about the longevity of this coin regarding it's value and real life use. There are so many coins worth mere cents that it would be sad to see MMXIV turn into one of them.

[plast555]

As for coin supply ---> "moneysupply" : 21072   This amount times 2015% equals 424,600 one year from now...how are ppl coming up with billions? Please, Rainman or somebody, help me understand the math

Daily compounding makes all the difference.  Average inflation rate is about 4% per day right now.  So it's really not 2014% per year, it's 4% per day which is VERY different.  

Yes i got the same 4% from last 2days but it was 5.5% on 26th jan

I don't know why are you receiving 4%, I'm staking from the first day of 2014% and never received less then 5.5% for 24h. If reward go to more than 24h I received proportionally to that, more than 5.5%, but never received less than 5.5%

[Mortimer452]

Any chance of specifying a max amount of coins before the total amount of coins gets completely out of hand? At some point the value of each coin is going to be nothing at all.

Just wondering about the longevity of this coin regarding it's value and real life use. There are so many coins worth mere cents that it would be sad to see MMXIV turn into one of them.

This has been discussed before, read back a couple pages here.

Inevitably the value in terms of BTC per MMXIV will decrease as the coin supply increases (inflation).  However, MMXIV is unique in the fact that network inflation will always be less than your personal staking rate. 

Currently, the network total coin supply is increasing by about 4% per day, while your personal staking rewards are 5.5% per day.  As long as you hold and stake your coins, your personal wallet size will always be increasing at a greater rate than inflation can devalue the coin.