what is the point of the Coin

It's an elaborate pump and dump scheme where your hard work guarantees the dev and a few whales make out like bandits while you buy the stockpiles of worthless coins they have been preparing. But they did it very cleverly. Most people will stop reading the ANN after the mathematical Ropedope:
Mathematically Regulated with slight Inflation
1 Minute POW, 10 Minute POS transitioning to 10 Minute POW, 1 Minute POS 50 * e^(-0.0000011 * nHeight * [Chain Time Modular]) + 3 Channels - Coin Trade in:10 * e^(-0.00000055 * nHeight * [Chain Time Modular]) + 3
Oh thank goodness it's mathematically regulated rather than hamster wheel regulated or brutal dictator regulated.Block Reward Developers]:1 * e^(-0.00000059 * nHeight * [Chain Time Modular]) + 0.1
At least a premine only happens once but this is worse: a Postmine lasts foreverConstellation Primes [CPU] and X11 [GPU]
Shield Target [Chain, Channel, and Time Proportions]
3 Week Age, 3 Year Limit, 3% Annual Inflation
Coinbase Maturity: 360 Blocks ~ 6 Hours
Transaction Confirmation: 5 Blocks ~ 5 Minute
They could have said "Confirm Time: 60 seconds" but obviously this was all intended to daze and confuse those the devs consider intellectually gullible and inferior (i.e. You and I)Then you enter the
psychological infomercial: -------------------------------------- ---------------------------------
The Problem: | Too many coins are worthless. | | Tough dirt and stains. |
|-------------------------------------- | ---------------------------------
The solution: |Buy the most worthless coins and make | | Use OxyClean With Scrubbing |
|the shitcoin devs and bagholders rich] | | Bubble Super Nano Technology |
--------------------------------------- |--------------------------------|
| Your mining pays Devs a % per block & | | |
How it works:|also buys their worthless shitcoin bags | | (bleach) |
-------------------------------------- ---------------------------------
| | | |
Verdict: | Its a win win for the devs! | | My underwear is less yellow |
-------------------------------------- ---------------------------------
I understand your skepticism, is there any way I can help you to understand the process better? If you are suggesting to lighten the details on the coin spec page, I would tend to agree [I can get a little too detailed sometimes]. As for the idea of "pre-mine", there is none. There will be no possibility of a PUMP N DUMP, as it will take 10 years for Developer Account to reach a balance of ~2.2% of total supply, and there after equations decay you are left with:
REWARD[MINERS] = 3
REWARD[CHANNELS] = 3
REWARD[DEVS] = 0.1
3+3+0.1 = 6.1
0.1/6.1 = 1.6% [max dev fee after 10+ years]
Now these are the minimum values that will be used after the supply decay equations reduce to their minimum. This protects the investment for others [as it would take over 10 years to be able to PUMP AND DUMP with any effect]. "Pre mines" on the other hand, give large sums of coin instantly [average of 2%], that usually aren't balanced with the miner supply until many months after coin takes off, leaving the community vulnerable to any PUMP and DUMP scheme the dev has up their sleeve.
I appreciate points being made like this, because you are only looking out for the best interests of the community, and are protecting the decency that should be involved in Crypto Currencies... you will find in time, that this is precisely our mission.
Thank You,
~Videlicet
EDIT: I created a graphing program that I used to design the decay equations, if you would like to see it for yourself [The Program], with the equations mapped over time, don't hesitate to ask
