New topic already started:
https://bt.irlbtc.com/view/2329756.0But I change later some parameters.
It will be SCIFI clone with some changes. SCIFI - fork from recent NVC
Coin swap very easy, after start I send premine to all old CAP addresses (see BUK swap)
User just put old CAP wallet.dat to new directory and start CAPP
But first I need obtain consent from Cryptopia.
So I think some of these need discussed with the community before they are set in stone, errr code.
Some parameters:
Block time 2 min
Min stake interval 10 days, max 30
Max PoS block reward 100
PoW reward 1 (need for start chain, stop after 1 month.)
Max PoS percentage 500%
Swap rate 10 CAP = 1 CAPP
Premine ~20M or 10% from max supply.
Max yearly new coins - 26M
real PoS rate:
1st year 100%
2nd year 50%
3 - 33
4 - 25
My opinions:
Block time is good
Min Stake, might as well make it one day. Just be sure to change nModifierInterval to allow for it
Max PoS block reward of 100 maybe too low. I am ok with it, not sure how others feel about it?
Pow only at first block? So not a hybrid? I actually like how HBN is doing POW and POS. It forces POW to only come after a POS block. Prevents flash mining but still allows for people to get in with no cash.
Swap rate seems ok.. How do others feel?
I assume the PoS Rate is just based on number of coins and the reward cap hitting more often, but the base rate doens't change.
Do you plan on running checkpoint server. I think this is important to know.
My opinion:
2m block time = 720 blocks per day = 72,000 new coins possible per day creation. For comparison, hyperstake has 1.5m block time with 1000 max coins per block and is hyper-inflating with 960,000 coins potentially generated per day. I believe that a 2.5m or 3m block time would push the new coins down to 48,000 and 57,600 per day, respectively without dramatically affecting the coin and help to reduce inflation. On the other side reduction of the max coin reward to 75 and maintaining the 2m block would do the same and have max coins at 54,000.
Next premine of 20mil coins would be, by definition, 200mil CAP coins. The premine, as I assume it (please confirm), is for the top 250 addresses as show on
http://www.presstab.pw/phpexplorer/CAP/richlist.php?count=250 which would be 237,959,964 CAP, unless you're going to freeze out ~38mil.
Just my opinion.
Finally, the checkpoint server is an important piece of the pie. I run the wallets of all my coins all the time but I'm just one player.