RE: POB Growing and Growing
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I am curious. How does the vibes token reach 21,000,000? Does it work nearly exactly like bitcoin or POB or is it different some how? POB token halves the issuance rate exactly every four years, bitcoin nearly every four years.
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VIBES is released through Mining and proof of brain. Not sure if there are other methods?
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I was wondering more about the scheduling of it. You can get to Bitcoin's total life time supply in many different ways. Instead of halving the rate of issue every four years, A coin could be setup so it could drop 20% every year, say. Every schedule can be accommodated for 21,000,000.
we won't in this life, we have a 21% deflation event each 2 months and half :)
You should have all of the Vibes distributed in just over three years. How many digits does it have?
Mmm thats incorrect, actually our inflation is around 1500 vibes per day (between all the ecosystem) also you can check all the info and development in this hive profile @al-gaming. That inflation will be reduced each 2.5 months by 21%. So we technically have enough coins for centuries. Plus we have 8 decimals
I'm pretty sure I'll be around in 2025. I don't think you read my article on geometric convergent series.
what i dont understand is why
needs to be issued, i mean that doesnt have any sense in our actual numbers.
We have been live for around month and half and our inflation has been (without taking the initial suppl) only of 63,232.
Im sure we have enough coins for many lifes haha
After reviewing my own notes, I noticed I made a mistake (sigh on a blockchain too). I had to multiply the issuance period by 0.79 rather than 0.21. Reduction by 21% means to multiply by 0.79. So, now looking at things after that correction, I would have expected your community to get 4.41 million in the first 76 days. That is not consistent with 1500 / day. Is there an initial supply given for the founder or some fund account?
yeah 100k were issued in the launching. between airdrops,team,investors, etc.