[ANN][MOON] Mooncoin: You know where it's headed! KGW exploit FIXED 4/3/2014

[coinflow]

Do you know that >%80 of the moon coin is already produced and it is in the circulation.  

80% of the 384bn total of MOON would equal ~307bn Mooncoins mined and in circulation. Where did you get that number from?

[Vlad2Vlad]

Do you know that >%80 of the moon coin is already produced and it is in the circulation. 

I don't think it's 80%, is it?  I thought it was about half.  Way too many coins though.  I don't see the purpose with this massive hyper inflation.

[secbul]

Do you know that >%80 of the moon coin is already produced and it is in the circulation.  

80% of the 384bn total of MOON would equal ~307bn Mooncoins mined and in circulation. Where did you get that number from?

No...Please calculate from here.

https://github.com/realmooncoin/mooncoin

Section : Mooncoin details

[secbul]

Do you know that
In few days Mooncoin production will decrease sharply again. 

[coinflow]

Do you know that >%80 of the moon coin is already produced and it is in the circulation.  

I don't think it's 80%, is it?  I thought it was about half.  Way too many coins though.  I don't see the purpose with this massive hyper inflation.

The "purpose" of big amounts of coins is to broaden the base of the coin-holders and provide sane divisions of the single units over time (see the value of one Bitcoin in contrast to that). At least it is possible, if many people realize the advantage of that fact. Otherwise those that realize the advantage of issuing many coins at the beginning and don't sell early, will get exceptionally rich, if they are patient enough.  

[coinflow]

Do you know that >%80 of the moon coin is already produced and it is in the circulation.  

80% of the 384bn total of MOON would equal ~307bn Mooncoins mined and in circulation. Where did you get that number from?

No...Please calculate from here.

https://github.com/realmooncoin/mooncoin

Section : Mooncoin details

You cannot calculate as exactly as necessary from those numbers alone, because MOONs rewarding-scheme is based on randomness. Would be better to pull the exact number off the blockchain instead. I thought you have a source for this - hence my question.
You could also look at http://coinmarketcap.com/currencies/mooncoin/, but as they seem to rely on the still stuck official blockchain-explorer, that number does not seem to reflect the correct amount either.

[secbul]

Do you know that >%80 of the moon coin is already produced and it is in the circulation.  

80% of the 384bn total of MOON would equal ~307bn Mooncoins mined and in circulation. Where did you get that number from?

No...Please calculate from here.

https://github.com/realmooncoin/mooncoin

Section : Mooncoin details

You cannot calculate as exactly as necessary from those numbers alone, because MOONs rewarding-scheme is based on randomness. Would be better to pull the exact number off the blockchain instead. I thought you have a source for this - hence my question.
You could also look at http://coinmarketcap.com/currencies/mooncoin/, but as they seem to rely on the still stuck official blockchain-explorer, that number does not seem to reflect the correct amount either.

Long time random converges to average at moon coin.
Eg : If you play head and tail for 100.000 times (blocks) you will get ~50% ~50%

At my calculation it must bea near 150 B
http://coinmarketcap.com/currencies/mooncoin/  says it is at 138 B

So now i can say

Do you know that >%85 of the moon coin is already produced and it is in the circulation. 

[secbul]

Do you know that total mooncoin supply will converges likely to 180 B. 

[coinflow]

Do you know that >%80 of the moon coin is already produced and it is in the circulation.  

80% of the 384bn total of MOON would equal ~307bn Mooncoins mined and in circulation. Where did you get that number from?

No...Please calculate from here.

https://github.com/realmooncoin/mooncoin

Section : Mooncoin details

You cannot calculate as exactly as necessary from those numbers alone, because MOONs rewarding-scheme is based on randomness. Would be better to pull the exact number off the blockchain instead. I thought you have a source for this - hence my question.
You could also look at http://coinmarketcap.com/currencies/mooncoin/, but as they seem to rely on the still stuck official blockchain-explorer, that number does not seem to reflect the correct amount either.

Long time random converges to average at moon coin.
Eg : If you play head and tail for 100.000 times (blocks) you will get ~50% ~50%

At my calculation it must bea near 150 B
http://coinmarketcap.com/currencies/mooncoin/  says it is at 138 B

So now i can say

Do you know that >%85 of the moon coin is already produced and it is in the circulation.  

How can your calculated 150 billion be ">%85", if the total amount of Mooncoins to be mined is >384 billion?

[secbul]

Do you know that after 3000 blocks * 90 sec (form now on) = ~75 hours later production will drop sharply.   

[coinflow]

Do you know that after 3000 blocks * 90 sec (form now on) = ~75 hours later production will drop sharply.  

For me it seems, that there are still ~7,000 blocks to solve in the Apollo-phase from now on (atm 196,962), until the rewards drop again (but then drastically, indeed  ).
https://asktom.cf/index.php?topic=389403.msg8215170#msg8215170

[secbul]

Froum source...

https://github.com/realmooncoin/mooncoin

Scrypt Proof of Work

90 second block targets with Kimoto's Gravity Well to discipline the difficulty adjustments per block.

Random block rewards:

Blocks 1-100,000: 0-2,000,000 MOON Blocks  ===> Average 1.000.000 coins x 100.000 blocks = 100.000.000.000
100,001-200,000: 0-1,000,000 MOON Blocks  ===> Average  500.000 coins x 100.000 blocks = 50.000.000.000

add them up. it makes 150.000.000.000
We are here now at 197.000 th block. İn next 75 hours we will go on PRODUCTION DROP
http://coinmarketcap.com/currencies/mooncoin/   says total circulation is 137.500.000.000 ... the last 3000 blocks wll pruduce ~15.000.000.000

likely we will end up at 200.000 blocks with total of 152.000.000.000

lets continue

200,001-250,000: 0-600,000 MOON Blocks ===> Average 300.000 coins x 50.000 blocks = 15.000.000.000
250,001-300,000: 0-350,000 MOON Blocks ===> Average 175.000 coins x 50.000 blocks =   8.750.000.000
300,001-350,000: 0-175,000 MOON Blocks ===> Average  87.500 coins x 50.000 blocks  =   4.375.000.000
350,001-375,000: 0-100,000 MOON Blocks ===> Average  50.000 coins x 25.000 blocks =    1.250.000.000
375,001-384,400: 0-50,000 MOON Blocks  ===> Average   25.000 coins x  9.400 blocks =       235.000.000

SUM IT UP:
It will be around TOTAL PRODUCTION OF 179.610.000.000

So with math 152/179 *100% = 84.91 % of coins will be  produced at 200.000 th block.


All future blocks are a fixed 29531 MOON.

1 block = 90 sec.. 1 day makes 960 block that means a day production will be 28.349.760 that means at 4 ltoshi
only 1.13 LTC is enough to cover all sells of a day at the future.

[secbul]

Do you know that 195 days later we will be at moon orbit. ALL prodcution will be very small.
And thse 195 days will only cover the 15% of the production.

[coinflow]

Froum source...

https://github.com/realmooncoin/mooncoin

Scrypt Proof of Work

90 second block targets with Kimoto's Gravity Well to discipline the difficulty adjustments per block.

Random block rewards:

Blocks 1-100,000: 0-2,000,000 MOON Blocks  ===> Average 1.000.000 coins x 100.000 blocks = 100.000.000.000
100,001-200,000: 0-1,000,000 MOON Blocks  ===> Average  500.000 coins x 100.000 blocks = 50.000.000.000

add them up. it makes 150.000.000.000
We are here now at 197.000 th block. İn next 75 hours we will go on PRODUCTION DROP

https://asktom.cf/index.php?topic=389403.msg8215170#msg8215170

http://coinmarketcap.com/currencies/mooncoin/   says total circulation is 137.500.000.000 ... the last 3000 blocks wll pruduce ~15.000.000.000

likely we will end up at 200.000 blocks with total of 152.000.000.000

lets continue

200,001-250,000: 0-600,000 MOON Blocks ===> Average 300.000 coins x 50.000 blocks = 15.000.000.000
250,001-300,000: 0-350,000 MOON Blocks ===> Average 175.000 coins x 50.000 blocks =   8.750.000.000
300,001-350,000: 0-175,000 MOON Blocks ===> Average  87.500 coins x 50.000 blocks  =   4.375.000.000
350,001-375,000: 0-100,000 MOON Blocks ===> Average  50.000 coins x 25.000 blocks =    1.250.000.000
375,001-384,400: 0-50,000 MOON Blocks  ===> Average   25.000 coins x  9.400 blocks =       235.000.000

SUM IT UP:
It will be around TOTAL PRODUCTION OF 179.610.000.000

So with math 152/179 *100% = 84.91 % of coins will be  produced at 200.000 th block.


All future blocks are a fixed 29531 MOON.

1 block = 90 sec.. 1 day makes 960 block that means a day production will be 28.349.760 that means at 4 ltoshi
only 1.13 LTC is enough to cover all sells of a day at the future.

From the initial posting in this thread by the dev: "Max coins: 384,400,000,000 MOON (yes, billion!)"
This is, because the distance of the Moon from the Earth is ~384,400 km and for every millimeter there will be one Mooncoin.

Edit: Typos and inserted link above to show again that we still have to solve ~7,000 blocks to get to the serious dropping of the rewards from 2,519,841 per block to ~500,000 (from block 203,158) and shortly thereafter to ~300,000 (from block 203,519 on).

[redjedievolution]

Its curious but, now the moment with more reward, the people wants to buy more instead of selling or going down more the price.

coinflow, how much coins you have?

[coinflow]

Its curious but, now the moment with more reward, the people wants to buy more instead of selling or going down more the price.

coinflow, how much coins you have?

Quite some and still collecting - mostly by mining. 

[Wekkel]

Its curious but, now the moment with more reward, the people wants to buy more instead of selling or going down more the price.

Yeah, that is interesting. Still not lured to buy some though. Must hit rock bottom first.

[coinflow]

Its curious but, now the moment with more reward, the people wants to buy more instead of selling or going down more the price.

Yeah, that is interesting. Still not lured to buy some though. Must hit rock bottom first.

Do you think it will go lower than 3 Litoshi? I'm really not so sure.
If so, why?

[secbul]

From the initial posting in this thread by the dev: "Max coins: 384,400,000,000 MOON (yes, billion!)"
This is, because the distance of the Moon from the Earth is ~384,400 km and for every millimeter there will be one Mooncoin.

Edit: Typos and inserted link above to show again that we still have to solve ~7,000 blocks to get to the serious dropping of the rewards from 2,519,841 per block to ~500,000 (from block 203,158) and shortly thereafter to ~300,000 (from block 203,519 on).

From now to 175 days later
THAN 28.349.760 coin per day to reach 384 B from 179 B will take 7320 days ~ 20 years.

Only the first year is FAST production and we ended already ~%80 of it.
In next few days production will be slower then again slower and much slower.
First will/can be around 21 August..

SO.
Lets talk today.
480.000.000 coin production / per day  (in next few days it will be slower)

If goes to all sell at 4 litoshi.
19.2 LTC  per day needed (BUY SUPPORT) now to NOT TO LOST 4 litoshi at buy point.

So with a nice math we UNDERSTAND that after 175 days this will be only 1.2 LTC
SO prices CAN EASLY GO to 16 X to cover that SLOW production.
That makes 64 Litoshi.
0.00000064
So we will just wait and see.

[MadGhost]

Its curious but, now the moment with more reward, the people wants to buy more instead of selling or going down more the price.

Yeah, that is interesting. Still not lured to buy some though. Must hit rock bottom first.

Do you think it will go lower than 3 Litoshi? I'm really not so sure.
If so, why?

there is a chance that it will go below 3 Litoshi as long as there is no buy support for this coin.