RE: Status update

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Status update

in blurt •  4 years ago 

If there are people who want to maintain the existing chain as well , nothing can be good then that.
but for you it is only possible to work on one.
Also , 1 billion supply will be good i guess.
anyways , have a nice day.

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  ·  4 years ago  ·  

mmm... no guessing involved, just calculations.
Bitcoin has a max supply of 21 million. It didn't start with 21 mil, but running the algorithm meant one could calculate it. Actually, the BTC algo could run for ever, but stops when the minting rate is lower than the precision.
So, we don't need to guess, we just need to decide on a minting rate and project that forward. I have no idea why a max is needed anyway - prob a cosmos limitation.

  ·  4 years ago  ·   (edited)

?

What's this about a max?

the 1 bil isn't a max, it is a starting point.

Imagine

Hi I'm Jacob. I have 1m blurt on blurt 1.0, totaling 0.25% of supply if supply is 400m.

The same jacob will have 2.5m blurt on blurt 2.0, but will still have 0.25% of supply.

  ·  4 years ago  ·  

OK, good, my misunderstanding of "supply".