pbremen01
Newbie
 Offline
Activity: 56
Merit: 0
|
 |
August 03, 2014, 02:17:12 AM |
|
20% interests per annum is not equivalent to 316 coins in 16 or 17 days (I assumed daily compounding of interests).
You're assuming everyone is staking. Bittrex holds ~47% of all coins and most of their wallet addresses seem to be flagged as belonging to them. I don't think I've ever seen one of those flagged addresses staking. How is the number of coins that are generated (by staking) in each block calculated? How does the formula look like? |
|
|
|
|
|
|
|
|
|
|
|
|
|
Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
smille
Member
Offline
Activity: 70
Merit: 10
|
|
August 03, 2014, 02:23:45 AM |
|
20% interests per annum is not equivalent to 316 coins in 16 or 17 days (I assumed daily compounding of interests).
You're assuming everyone is staking. Bittrex holds ~47% of all coins and most of their wallet addresses seem to be flagged as belonging to them. I don't think I've ever seen one of those flagged addresses staking. How is the number of coins that are generated (by staking) in each block calculated? How does the formula look like? That's funny pbremen, now you're asking people to show you how their work was done? Nice turnaround. You seemed harmless and entertaining for a while, but now it seems wisest to ignore you. Can't say it's been a pleasure. |
|
|
|
|
WheresMyWallet
Member
Offline
Activity: 84
Merit: 10
|
|
August 03, 2014, 02:28:12 AM |
|
20% interests per annum is not equivalent to 316 coins in 16 or 17 days (I assumed daily compounding of interests).
You're assuming everyone is staking. Bittrex holds ~47% of all coins and most of their wallet addresses seem to be flagged as belonging to them. I don't think I've ever seen one of those flagged addresses staking. How is the number of coins that are generated (by staking) in each block calculated? How does the formula look like? Why don't you ask every other PoS coin in existence how theirs is calculated. You are obviously not interested in supporting this coin, so why not ask those you are supporting how theirs work. |
|
|
|
|
damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
|
|
August 03, 2014, 02:28:35 AM |
|
20% interests per annum is not equivalent to 316 coins in 16 or 17 days (I assumed daily compounding of interests).
You're assuming everyone is staking. Bittrex holds ~47% of all coins and most of their wallet addresses seem to be flagged as belonging to them. I don't think I've ever seen one of those flagged addresses staking. How is the number of coins that are generated (by staking) in each block calculated? How does the formula look like? That's funny pbremen, now you're asking people to show you how their work was done? Nice turnaround. You seemed harmless and entertaining for a while, but now it seems wisest to ignore you. Can't say it's been a pleasure. Your arguing with a retard. Just ignore his posts like everyone else. Even if you showed him what he wanted he will still pretend as if he didn't get it or change something and start on something new. |
|
|
|
|
|
RichardT
|
|
August 03, 2014, 02:56:19 AM |
|
As much as I want to ignore his posts, I want more to know when he posts just to let the innocent eyes know who he is and what he's trying to do. I really feel bad for people falling for his crap. It's borderline scamming with how persistent he is.
There's gotta be a forum rule to address this kind of stuff. Anyone know?
|
|
|
|
|
|
pr0m3theus2013
|
|
August 03, 2014, 03:03:43 AM |
|
Pbremen, are you going to answer my question in regards to your motives?
|
|
|
|
|
|
Petr1fied
|
|
August 03, 2014, 03:04:16 AM |
|
How is the number of coins that are generated (by staking) in each block calculated? How does the formula look like?
Maybe look at the publicly released source code and find out for yourself? I'd guess the formula you seek is in main.cpp |
|
|
|
|
patience
Newbie
Offline
Activity: 19
Merit: 0
|
|
August 03, 2014, 03:15:02 AM |
|
Any ETA on the video, folks?
|
|
|
|
|
yetiripper
Full Member
Offline
Activity: 250
Merit: 100
The Future Of Work
|
|
August 03, 2014, 03:16:32 AM |
|
Any ETA on the video, folks?
lol ironic username but i dunno |
|
|
|
|
|
pr0m3theus2013
|
|
August 03, 2014, 03:21:47 AM |
|
In about an hour  the ann dev is out at the moment with his waif |
|
|
|
|
patience
Newbie
Offline
Activity: 19
Merit: 0
|
|
August 03, 2014, 03:22:37 AM |
|
Any ETA on the video, folks?
lol ironic username but i dunno I was expecting somebody to comment on the irony after I posted that. lol. Looks like it may be calm before the storm. |
|
|
|
|
|
tristartek
|
|
August 03, 2014, 03:43:06 AM |
|
Can you verify your calculations? Of course. Look at block 4500 on the block explorer. (The last Proof Of Work block) Outstanding coins = 913,277.500272311Deduct the Outstanding Coins value above from that of the current block. Using block 21588 at the time I type this: Outstanding coins = 913,595.438148831913,595.438148831 - 913,277.500272311 = 317.93787652 Block 4500 was created at 4:19 am (GMT) on 18th July that's currently ~2 hours short of 16 days. 317.93787652 / 16 = 19.8711172825 20% interests per annum is not equivalent to 316 coins in 16 or 17 days (I assumed daily compounding of interests).
You're also assuming everyone is staking. Bittrex holds ~47% of all coins and most of their wallet addresses seem to be flagged as belonging to them. I don't think I've ever seen one of those flagged addresses staking. he claims to be a mathamatical wiz yet he cant even do simple calculations. pbrewoman..youre trying too hard. Go back to cloak please. |
BTC: 1KTg6RkiHjovXqVfVB1a74NPPXLnoL1HNf
|
|
|
|
RichardT
|
|
August 03, 2014, 04:07:08 AM |
|
Actually, I guess I'm glad he tried so hard and kept on posting nonsense. Gotta admit, he actually sounded pretty convincing with his first FUD attempt. But now he just looks idiotic and has zero credibility. Everyone will see that. He's been kinda shooting himself in the foot there. lol
On a brighter note, looking forward to the video
|
|
|
|
|
|
keycoin (OP)
|
|
August 03, 2014, 04:22:43 AM |
|
Dev Update (Pt. 2) 8/2/2014*****************
As part of our commitment to bringing you consistent quality our 3D team has created a nice video to serve as an introduction to our coin and its features, and as a display of our devotion to raising the bar for what is required to be a respected altcoin.
We hope the community can appreciate our continued progress and dedication to this coin as we guide it down the challenging road to long-term adoption and trade on major exchanges, and we hope you’re all having a fun, exciting and unique trading experience.
 https://www.youtube.com/watch?v=mIRSa45E960
|
|
|
|
|
|
|
kreendurron
Newbie
Offline
Activity: 24
Merit: 0
|
|
August 03, 2014, 04:38:43 AM |
|
Dev Update (Pt. 2) 8/2/2014*****************
As part of our commitment to bringing you consistent quality our 3D team has created a nice video to serve as an introduction to our coin and its features, and as a display of our devotion to raising the bar for what is required to be a respected altcoin.
We hope the community can appreciate our continued progress and dedication to this coin as we guide it down the challenging road to long-term adoption and trade on major exchanges, and we hope you’re all having a fun, exciting and unique trading experience.
https://i.imgur.com/ttV5EOy.jpghttps://www.youtube.com/watch?v=mIRSa45E960 Awesomesause |
|
|
|
|
|
MZD
|
|
August 03, 2014, 04:39:11 AM |
|
Dev Update (Pt. 2) 8/2/2014*****************
As part of our commitment to bringing you consistent quality our 3D team has created a nice video to serve as an introduction to our coin and its features, and as a display of our devotion to raising the bar for what is required to be a respected altcoin.
We hope the community can appreciate our continued progress and dedication to this coin as we guide it down the challenging road to long-term adoption and trade on major exchanges, and we hope you’re all having a fun, exciting and unique trading experience.
https://www.youtube.com/watch?v=mIRSa45E960 Did Industrial Light & Magic help make this? Looks similar. |
|
|
|
|
smille
Member
Offline
Activity: 70
Merit: 10
|
|
August 03, 2014, 04:41:24 AM |
|
Dev Update (Pt. 2) 8/2/2014*****************
As part of our commitment to bringing you consistent quality our 3D team has created a nice video to serve as an introduction to our coin and its features, and as a display of our devotion to raising the bar for what is required to be a respected altcoin.
We hope the community can appreciate our continued progress and dedication to this coin as we guide it down the challenging road to long-term adoption and trade on major exchanges, and we hope you’re all having a fun, exciting and unique trading experience.
https://www.youtube.com/watch?v=mIRSa45E960 I am thoroughly impressed! All bases covered by this team. |
|
|
|
|
|
RichardT
|
|
August 03, 2014, 04:51:08 AM |
|
Awesome! Keycoin team is a beast. From technical abilities to artistry and marketing. You guys got it all. Impressive work.
|
|
|
|
|
|
tristartek
|
|
August 03, 2014, 05:20:06 AM |
|
Dev Update (Pt. 2) 8/2/2014*****************
As part of our commitment to bringing you consistent quality our 3D team has created a nice video to serve as an introduction to our coin and its features, and as a display of our devotion to raising the bar for what is required to be a respected altcoin.
We hope the community can appreciate our continued progress and dedication to this coin as we guide it down the challenging road to long-term adoption and trade on major exchanges, and we hope you’re all having a fun, exciting and unique trading experience.
https://www.youtube.com/watch?v=mIRSa45E960 Very nice vid! Cant wait to see more from team. |
BTC: 1KTg6RkiHjovXqVfVB1a74NPPXLnoL1HNf
|
|
|
|
