We have little more than 1000 blocks before PoS starts. Adding 80,000 coins to the current total only gets it to 1.2 million coins. There is no way we will get to 1.4 million, let alone 1.6 million.
So, probably late tonight/early tomorrow we go to a 5% per year rate of new coins, that's ~60,000 per year! Not 100,000+ per day. OK, so it will compound, but we are talking 164 new coins per day, so this compounding will not be so fast.
Not sure if this is right, but daily rate of 1.00013698630137 compounded 365 times goes from 5% to 5.12%, so it is a gain, but really we can ignore it for the first... decade!
I estimate that in 10 years, we will get to 2 million coins. Then it does start growing faster, so after 20 years we will have 3.5 million coins, etc.
Realistically we will have < 1.5 million coins with practically no selling pressure. When I first found out about BTCD it was interesting, but I assumed it would have 22 million coins pretty fast. Also the "giant premine" was calculated not on the full 22 million like I had assumed, but on the PoW phase, so the devs have a whopping 20,000 BTCD or something like that. While in the future this will be worth quite a bit, this amount was easily obtained for 1 BTC and even after appearing on exchange for 3 BTC. So all the "premine FUDsters" can explain to us how a few BTC to the coin creators is a problem.
With DRK in the first days of the coin, there was a "bug" that allowed the early miners to get over 1 million coins. Guess who was running the official mining pool? Yes, the dev of the coin. So, Evan certainly deserves his millions from what he achieve with DRK, but on a fairness scale BTCD is orders of magnitude more fair, like 100 times more fair.
I dont know how many different people are mining, but the petahash(!) rate is absolutely incredible and this indicates it is more than the half dozen early miners that get all the cheap coins that is usual. So, for marketing if we can figure out how widely BTCD is distributed, this will head off any of the "unfair distribution" nonsense that is bound to come our way.
How else will they attack us? We dont have anything new? Ha! Let them try that and explain how 30,000 lines of new code is not new.
Awesome name. Maybe the logo is on the weak side. Hopefully there is a professional graphic artist among us. I am sure bounty for a fantastic logo will be made available. I know so far it has mostly been about the mining and I would think that BTCD community did more hash in its first week than any other coin. [Can somebody back this up with facts?]
So as we transition into PoS, the mining will go away, but please keep at least one server ready. Each server running a node will earn revenue sharing and be the cornerstone for a decentralized infrastructure that will literally change crypto. I think big, I talk big, and I achieve big.
DRK has something like 500 masternodes. It would be great if we had more nodes than DRK, so I hope somebody can document the number of active (server type) of nodes vs just people running the Qt on their PC. We wont need all these nodes for a bit yet, but I want to make sure that we can ramp up to it when it is ready.
For the next two months or so, I would like the BTCD community to become a software testing community. That is what I need to get my stuff done as soon as possible. So bug tracking, of course testers, documentation, usability focus groups, etc. there will be things for everyone who can use a computer to do. After all to get to top 10 coinmarketcap, we need a lot of new users and that means all the software needs to be easy enough to use for everyone, including all of us!
So, if you have organizational skills, we need you.
if you have graphics skills, we need you.
if you have communication skills, we need you.
if you have PR contacts, we need you
if you have common sense and can use a computer, we need you
if you have tech skills, we need you too!
I wont divulge the full tech roadmap yet, but I will show with my actions that I put my money behind what I say. I believe in my abilities to deliver the tech that I will purchase another 10+ BTC worth and to make sure I actually get the coins, I will put the bid in at .000666
HODL is the best strategy for a coin like BTCD. HODL and TESTL, then we will release and market and dominate. So if you are with me, help out to the best of your abilities and availability and dont sell below the magic price of .000666
I want today to be the last day BTCD was available below that price.
James
P.S. Its been quite a week, my multigateway went live today, you can see it at
http://www.multigateway.com
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