[ANN][CON] PayCon™ HI POS | LiteStake | Multisend | TOR | Android

[SimonTower]

4-5 more months and we will reach the max coin cap. I think the price will skyrocketing at next spring.

[AngelLox]

4-5 more months and we will reach the max coin cap. I think the price will skyrocketing at next spring.

These is a max coin cap? Never knew that lol

[SimonTower]

4-5 more months and we will reach the max coin cap. I think the price will skyrocketing at next spring.

These is a max coin cap? Never knew that lol

From the first thread:

Specs
X13 - POS/POW
Block Time 60 Seconds
Max Money 20,000,000
Diff adjust per block

The supply now is 13,8m so 6.2m left.
6.2m/30 coins=~206k blocks.
60 seconds*206k=206k minutes=~3400 hours=~143 days

In the source code You can find this in the main.h, line 41:
static const int64_t MAX_MONEY = 20000000 * COIN;

[AngelLox]

4-5 more months and we will reach the max coin cap. I think the price will skyrocketing at next spring.

These is a max coin cap? Never knew that lol

From the first thread:

Specs
X13 - POS/POW
Block Time 60 Seconds
Max Money 20,000,000
Diff adjust per block

The supply now is 13,8m so 6.2m left.
6.2m/30 coins=~206k blocks.
60 seconds*206k=206k minutes=~3400 hours=~143 days

Not sure about it, after the coin switched to fixed 30 con per stake it might have changed. Plenty of time to keep staking even if there is supply cap.

[Woody20285]

4-5 more months and we will reach the max coin cap. I think the price will skyrocketing at next spring.

These is a max coin cap? Never knew that lol

From the first thread:

Specs
X13 - POS/POW
Block Time 60 Seconds
Max Money 20,000,000
Diff adjust per block

The supply now is 13,8m so 6.2m left.
6.2m/30 coins=~206k blocks.
60 seconds*206k=206k minutes=~3400 hours=~143 days

In the source code You can find this in the main.h, line 41:
static const int64_t MAX_MONEY = 20000000 * COIN;

So in about 5 months - POS will end due to max coins reached?

[shtako]

4-5 more months and we will reach the max coin cap. I think the price will skyrocketing at next spring.

These is a max coin cap? Never knew that lol

From the first thread:

Specs
X13 - POS/POW
Block Time 60 Seconds
Max Money 20,000,000
Diff adjust per block

The supply now is 13,8m so 6.2m left.
6.2m/30 coins=~206k blocks.
60 seconds*206k=206k minutes=~3400 hours=~143 days

In the source code You can find this in the main.h, line 41:
static const int64_t MAX_MONEY = 20000000 * COIN;

So in about 5 months - POS will end due to max coins reached?

I dont think that is the case. Most likely just a small mistake in the original post.

[SimonTower]

4-5 more months and we will reach the max coin cap. I think the price will skyrocketing at next spring.

These is a max coin cap? Never knew that lol

From the first thread:

Specs
X13 - POS/POW
Block Time 60 Seconds
Max Money 20,000,000
Diff adjust per block

The supply now is 13,8m so 6.2m left.
6.2m/30 coins=~206k blocks.
60 seconds*206k=206k minutes=~3400 hours=~143 days

In the source code You can find this in the main.h, line 41:
static const int64_t MAX_MONEY = 20000000 * COIN;

So in about 5 months - POS will end due to max coins reached?

I dont think that is the case. Most likely just a small mistake in the original post.

And in the source code too, right?

[ctgiant]

4-5 more months and we will reach the max coin cap. I think the price will skyrocketing at next spring.

These is a max coin cap? Never knew that lol

From the first thread:

Specs
X13 - POS/POW
Block Time 60 Seconds
Max Money 20,000,000
Diff adjust per block

The supply now is 13,8m so 6.2m left.
6.2m/30 coins=~206k blocks.
60 seconds*206k=206k minutes=~3400 hours=~143 days

In the source code You can find this in the main.h, line 41:
static const int64_t MAX_MONEY = 20000000 * COIN;

So in about 5 months - POS will end due to max coins reached?

I dont think that is the case. Most likely just a small mistake in the original post.

And in the source code too, right?

I'm pretty sure that:

Code:

static const int64_t MAX_MONEY = 20000000 * COIN;

does not mean what you think it does.

It is commonly mistaken as the maximum number of coins that can be produced, but that is not actually the case.  The constant MAX_MONEY actually caps transaction size and not total coin supply.  The behavior of the wallet based on MAX_MONEY is just to refuse any transactions that are attempting to send more then that number of coins.  This is why several altcoins that were supposed to be capped based on the developer's misunderstanding of MAX_MONEY have gone over their stated total coin supply.

Because of this, CON staking will not end in 5 months.  Based on the current code in main.cpp, it will go on with a reward of 30 + fees indefinitely unless the code is changed in the future or if I missed something in the code pertaining to GetProofOfStakeReward.

[SimonTower]

I'm pretty sure that:

Code:

static const int64_t MAX_MONEY = 20000000 * COIN;

does not mean what you think it does.

It is commonly mistaken as the maximum number of coins that can be produced, but that is not actually the case.  The constant MAX_MONEY actually caps transaction size and not total coin supply.  The behavior of the wallet based on MAX_MONEY is just to refuse any transactions that are attempting to send more then that number of coins.  This is why several altcoins that were supposed to be capped based on the developer's misunderstanding of MAX_MONEY have gone over their stated total coin supply.

Because of this, CON staking will not end in 5 months.  Based on the current code in main.cpp, it will go on with a reward of 30 + fees indefinitely unless the code is changed in the future or if I missed something in the code pertaining to GetProofOfStakeReward.

I checked the full source now and maybe You're right. That max_money looks like only used for consistency checking and is not meant to be part of the minting design.
In this case Crestington should change the minting reward to 0 after block ~625000

[AngelLox]

In this case Crestington should change the minting reward to 0 after block ~625000

Why so? Con inflation isn't crazy, i'd say it's about right.

[Woody20285]

Really. Same post every thread. Read the Ann.

[TheInfidel]

hi PayCon members i had questions about specs.

1.  Confirms received?
2.  Confirms rewards?
3.  Average reward?

Give it a rest, in every thread same post.

[Battareus]

hi PayCon members i had questions about specs.

1.  Confirms received?
2.  Confirms rewards?
3.  Average reward?

Give it a rest, in every thread same post.

I Just saw this guy in HBN thread. So sad to see what my favorite POS coins in such a decline. Both coins seems abandoned, but I believe that developers will return

[Hippie Tech]

hi PayCon members i had questions about specs.

1.  Confirms received?
2.  Confirms rewards?
3.  Average reward?

Give it a rest, in every thread same post.

I Just saw this guy in HBN thread. So sad to see what my favorite POS coins in such a decline. Both coins seems abandoned, but I believe that developers will return

WTF is making people so gullable these days ?

Have fun waiting for your knight in shitcoin armor, dude.

[Cryptco]

hi PayCon members i had questions about specs.

1.  Confirms received?
2.  Confirms rewards?
3.  Average reward?

Give it a rest, in every thread same post.

I Just saw this guy in HBN thread. So sad to see what my favorite POS coins in such a decline. Both coins seems abandoned, but I believe that developers will return

Hi guys, sorry I've been away lately, just needed a bit of a break from Crypto and coding in general in order to sort out real life stuff....( I'll be more active in the coming weeks and start pushing out some more updates, hope you guys understand.

He'll return / be back!!! Give him a break in order to sort out real life stuff!!!!


https://youtu.be/35Dy_e7H2EY


Its a Community Coin and every Holder/ Investor is the Dev.

Ask not what the dev and community can do for you – ask what you can do for your community and coin development!

[Pab]

 All alts has been sold,becouse of btc really.Now looks like we are coming back to norm

[Crestington]

hi PayCon members i had questions about specs.

1.  Confirms received?
2.  Confirms rewards?
3.  Average reward?

Give it a rest, in every thread same post.

I Just saw this guy in HBN thread. So sad to see what my favorite POS coins in such a decline. Both coins seems abandoned, but I believe that developers will return

Hi guys, sorry I've been away lately, just needed a bit of a break from Crypto and coding in general in order to sort out real life stuff....( I'll be more active in the coming weeks and start pushing out some more updates, hope you guys understand.

He'll return / be back!!! Give him a break in order to sort out real life stuff!!!!


https://youtu.be/35Dy_e7H2EY


Its a Community Coin and every Holder/ Investor is the Dev.

Ask not what the dev and community can do for you – ask what you can do for your community and coin development!

I'm back and I'm here, I'm not going anywhere.

I still have my nodes connected and helping to route connections, I've been super burnt out lately and hope you guys understand. Back to working on the website these days, if anyone wants to add to the repo with updates or features I can add them in.

[sudo23]

hi PayCon members i had questions about specs.

1.  Confirms received?
2.  Confirms rewards?
3.  Average reward?

Give it a rest, in every thread same post.

I Just saw this guy in HBN thread. So sad to see what my favorite POS coins in such a decline. Both coins seems abandoned, but I believe that developers will return

Hi guys, sorry I've been away lately, just needed a bit of a break from Crypto and coding in general in order to sort out real life stuff....( I'll be more active in the coming weeks and start pushing out some more updates, hope you guys understand.

He'll return / be back!!! Give him a break in order to sort out real life stuff!!!!


https://youtu.be/35Dy_e7H2EY


Its a Community Coin and every Holder/ Investor is the Dev.

Ask not what the dev and community can do for you – ask what you can do for your community and coin development!

I'm back and I'm here, I'm not going anywhere.

I still have my nodes connected and helping to route connections, I've been super burnt out lately and hope you guys understand. Back to working on the website these days, if anyone wants to add to the repo with updates or features I can add them in.

Good to hear from you!
I completely understand, mate.

best wishes
sudo

[SimonTower]

Welcome back Crestington! What is Your opinion about the total supply cap?

We should make some discussing with Bittrex the possibility of adding PayCon.

[flyingplows]

yo!, I see the price is plummeting... is it because of current BTC price skyrocketing or is it because this coin has been abandoned..? i see a very low activity on the forums lately.. ..paycon related..