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    Author Topic: [ANN] [GP] GoldPieces - MMO RPGs Live -Online RPG Gaming Currency -NO PREMINE  (Read 70953 times)
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    May 16, 2015, 05:04:38 AM
     #81

    just to be clear what is the max coins ever to be produce, other thread says they'll be 3.8 mil by january 2016, this thread says 1.5 mil max?

    The staking did not work as the original dev intended (as there is some code that means that no matter how much GP someone is staking, they can only get 2.5 GP per block). So the max supply will be much less than 3.8 million by January 2016. Only about 100 000  GP has been staked in the last 6 months because of this issue that the original dev did not see or plan for when he made the estimate.

    There will be a fork that will fix the staking so there is no cap on how much GP can be staked at once, but this will also raise inflation which is why there will also be a cap of 1.5 million coins introduced to make sure GP remains valuable.

    One of the unintended consequences of the staking 2.5 GP cap is that it has actually kept inflation very low which is a good thing.

    That is why we have a new thread now!

    Is it still going to be 500% annual interest or is that changing?  Curious because when you factor in compounding, removing the 2.5 GP cap and maintaining the 500% annual interest can bring us from the current supply to 1.5 million GP VERY quickly.

    You don't strike me as the type of guy to half-ass anything, so I assume you are thinking ahead and making sure any parameters you choose will function fine for many years to come, but thought I'd ask.


    Hey thanks man. Exactly, it is not 500% now (due to the 2.5 GP cap) and it will never be that high. The fork is coming soon, but theoretically thanks to the weird code-base we could go on like this for  few years, but the fork is coming within a few months Wink The new parameters will be 2.5% per month max. but may make it lower than that. Will probably let the community decide by opening voting in the thread as I do.

    I have done the maths but to be honest I am having an awesome weekend and need to run the numbers again Wink

    My no.1 priority is keeping GP valuable and it will always be this way. Last time I ran the numbers it was 2.5 % per month for a few years till we hit 1.5 million supply.

    Without sounding biased I recommend everyone buys as much GP as possible before we launch all the games we are working on.

    Sounds good.  I trust you have got it all under control.  Way back when, I held a fairly sizable stack of HYPER but I dumped it because I wasn't a believer.  Since then, you have proven yourself to be a competent and dedicated developer, so I won't be making that same mistake with GP.

    Feel free to take your sweet time with the fork.  I painstakingly split all my GP into small piles in over 4000 addresses months ago, so I manage to come in under the 2.5 GP cap and pull in a bit over 1% a day at the moment!

    Now get back to your awesome weekend, hopefully involving scantily clad females and multiple mind altering substances.  Coins will still be here Monday. Smiley
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