Just a thought: At the current rate of 15 second blocks and 7 coins per block the entire network will generate an additional 7,000,000 coins in something like 178 days.
With all of the other chains it never took that long to create the bounty sum total.
Just saying it might seem that 7million was waay overkill in terms of diluting the market value if an exchange does come up.
Don't forget that no less than 4 mils are intended to rest forever as buffer in a laundry. Speaking of which, I am getting opinions ranging from
"with 4 mils you could launder entire Silk Road (fuck yeah!)
" to
"with mere 4 mils you will have to resort to laundering 1000-10000 BTC per cycle at most, probably less, should have gone for 1 bil buffer (awwww
)
" (But if I did go for such a sum, I would have had to change my username to
Lolbernanke and that doesn't have the same ring to it)
And cryptocoin exchanges show zero care about "hoarded" sums as long as the hoarder isn't selling off (which is the stupidest thing to do with such a large load of them), according to some folks I asked
One of the reasons I am generally avoidant of the whole discussion is because it quickly turns into "is x mil too small for a laundry buffer in a 'non-deflationary' coin" which, as I have learned, is a pretty infinite thing to discuss (so I just picked a number that seemed "good enuff" and proceeded to figure out a way to get it without having the net to carry extra blocks)
How fast were the block rate and retargets on this chain again?
1 block per 15 seconds, retarget every 16 blocks.
Lowered retarget limit to avoid large "jitter" of difficulty (works neat, so far)
No imposed upper limit on overall number of geist in circulation
Escrow enabled and working
Nonstandard tx enabled, so if you have That Genius Script Idea, you're welcome.
