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Coin that doubles in rewards & diff by day

Started By Aareon Sullivan , Dec 14 2016 03:01 PM

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#1

Aareon Sullivan
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Hello. I would like to keep this post short and sweet.

Is it at all feasible to create a coin that only outputs 1 coin a day and increases by *2 for each day the coin is online?

If this question is at all confusing, please do your best at answering, or ask for clarification. Thank you.

 


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#2

ColdMonkey
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Yes it is, but a coin with exponential growth doesn't make much sense. At the end of the month you would have 1,073,741,824 in circulation, and at the end of the year you would be getting near towards more coins than grain of sand, actually nearer more coins than atoms in the Earth. Scarcity is the point of cryptocurrency. Also, the coin cannot stop being online if it is going to be a coin.


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#3

Jimmy
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Yea, there would be a ton of coins generated.  The wallet would have to be redesigned to handle all those digits.   :P


 

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#4

ColdMonkey
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The coin might be sellable to some politicians though. Venezuela and Zimbabwe might like the idea, it would make cryptocurrencies a par with fiat in some eyes.     :P


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ColdMonkey mines Gridcoin with BOINC computations for Science..........

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Find out how to help scientific research and mine Gridcoins

http://www.gridcoin.us/


#5

Aareon Sullivan
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I had a detailed discussion on this topic on bitcointalk. I appreciate the feedback.


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