Project Decorum - Crowdsale (Ended)

[Seneca]

@Panda

Have you considered other means of how to reintroduce tokens into the economy?

Yes, and still considering them, but haven’t found an optimal solution (yet).

@Panda

probably easier to say than do.

Indeed!

@Panda

About the “Clike” token name. May I ask what other alternatives there are? Reason I’m asking is because myself and a couple I asked first didn’t get it. I assume it’s meant like “C-like” but everyone I have seen at first thought “Claike” when we saw it.

It’s from “coin like”. Because it’s a “coin” that can be used as an endorsement (Like). I wanted something short and related to it’s function.

@MakkaPakka

How was calculated that “63.5 billion GigaHash has a value of about 1 USD” ?63.5 billion GigaHash per what ? Second, minute, hour ?To be precise 63.5 billion=63,500,000,000.Current bitcoin network hashrate is 1,217,750,135 = 1.27 billion GigaHash/second so how does it relate to data given on the Project Decorum’s web page ?

Here you are:

@Seneca

Deriving the base difficulty from that number will be done using BTC mining data. From this chart it becomes clear that nowadays about 1,100,000,000 GigaHash per second is generated in competition for a reward of 25 BTC about every 10 minutes. 25 BTC is currently worth 10,400 USD. We divide this number by 10 (minutes) * 60 (seconds in a minute) to get the USD value per second: 10,400 / 600 = 17.33 USD per second.

Now we can hold that circa 63.5 billion GH has a value of about 1 USD. So if the presale coins were sold for say, 0.001 USD each, the base difficulty is set to 635 million GigaHash (0.01 USD).

Note that other info in that post is outdated, but this part still applies.

Edit: Bloody hell, I have made a mistake there. It is not correct, it should be million, not billion. Thank you for asking!
Edit2: Corrected it on the website.