In regards to the premine concerns:
- The premine is 2.5% of the total coins which will be in circulation in 10 years - 60 000 000 coins - this is when HYPER moves to PoS phase 3 which is 2% annual interest, calculated and compounding daily.
Nice try but the fact is in 2 weeks you will have over 33% of the coins in circulation. Now I know a lot of those are going to be spent. I happened to find a compounding interest calculator online and it tells me that in 5 years (not 10), 1.5 million coins x 60% per year compounded daily = 30,054,189 coins. That is an average earn from PoS of (30,054,189 - 1,500,000 = 28,554,189 / 1826 days) = 15,637 coins per day.
Lets say you blow 1/2 on giveaways. Still leaves you nearly 8,000 coins per day. Wish I'd thought of it
Shall we get your facts straight? OK, here we go:
nSubsidy = 72.5 * COIN;
unsigned int nStakeTargetSpacing = 30;
Do not be fooled by the integer name. That means total target spacing is 30s. Not PoW or not PoS but PoW+PoS.
In practice it leads roughly to 1200-1500 PoW blocks per day. Lets say that we have ideal conditions and we get 1440 PoW blocks per day. First day, there are no stake blocks anyway.
Lets now calculate how many coins we get within 24 hours. 1440 * 72.5 = 104 400. And how many it is for 2 weeks? 104 400 * 14 = 1 461 600 COINs.
Lets now review the total number of COINs.
static const int64 MAX_MONEY = 60 000 000 * COIN;
Yes. Its 60 millions.
How much is 1.46M from 60M? Lets see. 1.46/60*100. Oh, its only 2.436% Lets add a little more and say that 1.5M will be mined.
Lets now see how much the dev premined.
if(nHeight == 1)
nSubsidy = 1 500 000 * COIN;
So total subsidy after 2 weeks will be around the premine of 1.5M + mined 1.5M = 3M. And Dev will control about 50% of total subsidy after mining period has ended.
Now about staking.
unsigned int nStakeMinAge = 60 * 60 * 24; // minimum age for coin age: 24h
unsigned int nStakeMaxAge = 60 * 60 * 24 * 30; // stake age of full weight: 30d
Can a miner really hope to get daily stakes? Good luck with that.
Im not going to comment on compounding interests. I just say that your numbers are bit wrong.
The only wallet which will seriously benefit from compounding interest is indeed the devs wallet.