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Title: Do we need 100 Billions capacity? Post by: flappycoin on February 20, 2014, 11:21:33 PM Many flappers asked me about the capacity of Flappycoin.
At the current version (1.0.0.2), we will keep mining 10,000 FLAP per block forever since block 600,000th (~1.5 year from now) just like Dogecoin. I'm putting a poll up here and let the community decides if we need a Capacity at 100,000,000,000 (100 Billions) or we just let it go on forever?
Title: Re: Do we need 100 Billions capacity? Post by: BayAreaCoins on February 21, 2014, 12:26:24 AM 60 days is way to long. The hot mining will be the first 50 days... but hell I guess we shall see. Tyvm for the poll! At least it makes it interesting!4
Free coins for voting! Same for DOGE people too (but FLAP tips, flap is new tipping currency!) lol Title: Re: Do we need 100 Billions capacity? Post by: oldmarsh on February 21, 2014, 12:31:59 AM Keep the cap.
Title: Re: Do we need 100 Billions capacity? Post by: Jeezy911 on February 21, 2014, 01:01:29 AM Doge removes cap, Doge dies.
Title: Re: Do we need 100 Billions capacity? Post by: moko666 on February 21, 2014, 01:05:23 AM Doge removes cap, Doge dies. Dogecoin is inflationary. It does not has a cap.Title: Re: Do we need 100 Billions capacity? Post by: Acidyo on February 21, 2014, 01:11:04 AM Doge removes cap, Doge dies. The complete opposite my friend, this is what will save doge from the rest of the coins. Yes, even BTC, LTC. Mark my words. Title: Re: Do we need 100 Billions capacity? Post by: oldmarsh on February 21, 2014, 01:13:57 AM Doge removes cap, Doge dies. The complete opposite my friend, this is what will save doge from the rest of the coins. Yes, even BTC, LTC. Mark my words. LOL! Title: Re: Do we need 100 Billions capacity? Post by: coolmist on February 21, 2014, 01:14:50 AM Many flappers asked me about the capacity of Flappycoin. At the current version (1.0.0.2), we will keep mining 10,000 FLAP per block forever since block 600,000th (~1.5 year from now) just like Dogecoin. I'm putting a poll up here and let the community decides if we need a Capacity at 100,000,000,000 (100 Billions) or we just let it go on forever?
I'm not a member of your community but have you considered reducing the block-time to less than 25 seconds? Is there a real reason to raise the cap aside from a psychological advantage? Title: Re: Do we need 100 Billions capacity? Post by: Jeezy911 on February 21, 2014, 01:15:55 AM Doge removes cap, Doge dies. The complete opposite my friend, this is what will save doge from the rest of the coins. Yes, even BTC, LTC. Mark my words. So it's a complete coincidence that the value has dropped significantly and never recovered since inflation solution was implemented? Don't do it, infinity is not a good strategy in crypto. Title: Re: Do we need 100 Billions capacity? Post by: BayAreaCoins on February 21, 2014, 01:27:31 AM Doge removes cap, Doge dies. The complete opposite my friend, this is what will save doge from the rest of the coins. Yes, even BTC, LTC. Mark my words. *waves magic wand to send back to Reddit* I would make a large bet that the majority of people who bought DOGE early on wouldn't have bought DOGE had Jackson/Billy be clear about that. That was a sneak ass marketing campaign and Jackson thinks it was ok because he never actually sold anything... just led people to believe their coin was special when it really isn't. Who knows maybe I am mistaken, but every time someone pitches BTC to me the "Only be 21 million" is a huge highlight... Title: Re: Do we need 100 Billions capacity? Post by: BayAreaCoins on February 21, 2014, 01:28:30 AM Keep the cap. THERE IS NO CAP RIGHT NOW! It is fancy lingo from DOGE that Jackson used after the joke got taken serious by someone somewhere. Title: Re: Do we need 100 Billions capacity? Post by: alexrey on February 21, 2014, 02:13:57 AM Doge removes cap, Doge dies. The complete opposite my friend, this is what will save doge from the rest of the coins. Yes, even BTC, LTC. Mark my words. So it's a complete coincidence that the value has dropped significantly and never recovered since inflation solution was implemented? Don't do it, infinity is not a good strategy in crypto. Maybe if Doge dropped out on the top 10 rankings on Coin market cap but still Dogecoin is at #5 currently. Title: Re: Do we need 100 Billions capacity? Post by: Duomo on February 21, 2014, 02:18:09 AM I would recommend capping at 100 billion, If there is unlimited source of flappycoin, why would I even bother from buying someone else. Yes, It will take much longer for me to mine a large amount but some people are willing to wait and less transactions on exchanges, overall negative for the community, trading of Flappy hands wise. People will lose their FLAP in the long run, hard drive failure, ect.. so take and value your Flappy Coin for safe keeping!
Title: Re: Do we need 100 Billions capacity? Post by: pstop1 on February 21, 2014, 02:29:12 AM We need a cap, otherwise (in my opinion) the coin will be worthless, i mean if we have 1 Trillion of the coin, whos gonna want it..
Title: Re: Do we need 100 Billions capacity? Post by: BayAreaCoins on February 21, 2014, 03:14:24 AM Why would anyone buy more of something that they know there will be endless numbers of? ....
Greed. In hopes that other retards buy more of that shit too. With a market cap you buy because you are special and that is your section of that market. Sell DOGE and buy FLAP. FLAP has a better chance of a cap and hopefully the OP sees the potential along with the mining power. HARD FORK Title: Re: Do we need 100 Billions capacity? Post by: aguiney on February 21, 2014, 03:29:28 AM I don't really care as I won't be mining it, but I think keep the cap. At least in most people's minds, a limited amount of something is more valuable.
Title: Re: Do we need 100 Billions capacity? Post by: hostmaster on February 21, 2014, 07:08:41 AM hard to decide really. short term or long term benefits more important.
Title: Re: Do we need 100 Billions capacity? Post by: zeukin on February 21, 2014, 08:09:51 AM Unlimited amount for long term. It will not make flappy worthless.
Quote The complete opposite my friend, this is what will save doge from the rest of the coins. Yes, even BTC, LTC. Mark my words. Second this. Title: Re: Do we need 100 Billions capacity? Post by: Sumpfbiene on February 21, 2014, 08:55:19 AM Keep the cap
Title: Re: Do we need 100 Billions capacity? Post by: BayAreaCoins on February 21, 2014, 09:30:37 AM FLAP
Title: Re: Do we need 100 Billions capacity? Post by: Tommyhurley on February 21, 2014, 02:44:15 PM Keep the cap please
Title: Re: Do we need 100 Billions capacity? Post by: brokedummy on February 21, 2014, 02:45:38 PM The only reason I ever got involved in crypto is because of the caps. An inflationary crypto is garbage in my eyes. Would rather buy wheat or oranges or something.
Title: Re: Do we need 100 Billions capacity? Post by: evansearle42 on February 21, 2014, 03:07:39 PM Yes...
Title: Re: Do we need 100 Billions capacity? Post by: jfloresk8 on February 21, 2014, 05:15:03 PM Just so everyone knows and to set everyone straight as to why this vote is happening - THERE IS CURRENTLY NO FLAPPIN' CAP! We are voting as to whether or not the devs should put a cap on the total amount of Flappycoin or just leave it as it currently is - INFINITE. So for all those saying to keep the cap, get your flappin' birdpoop together and read!
My 2 cents :p Cap it! Title: Re: Do we need 100 Billions capacity? Post by: 1369 on February 21, 2014, 05:23:15 PM its a matter of perspective & perception, i think bitcoin suffers from too much value & who wants to say, "that'll be 26mBTC" when the term BTC already dosnt exactly roll off your tounge.
on the other hand, doge is doing great with billions of coins & other not so great. cryptocoins are becoming like youtube videos, they either go viral or not, marketability boys! thats why i jumped on TrollCoin, trolls are fu*king EVERYWHERE!!! the currency of the loudest, most obnoxious group of jerks on the interwebz, & proud to be one! ;) Title: Re: Do we need 100 Billions capacity? Post by: troy112 on February 21, 2014, 05:47:10 PM Put the cap on. Doge won't live to see end of this year.
Title: Re: Do we need 100 Billions capacity? Post by: troy112 on February 21, 2014, 05:49:49 PM its a matter of perspective & perception, i think bitcoin suffers from too much value & who wants to say, "that'll be 26mBTC" when the term BTC already dosnt exactly roll off your tounge. yes in short term, today people jump on the coin and as soon as it goes on the exchange its value starts on decreasing and within weeks it goes into limbo with very little value from what it started.on the other hand, doge is doing great with billions of coins & other not so great. cryptocoins are becoming like youtube videos, they either go viral or not, marketability boys! thats why i jumped on TrollCoin, trolls are fu*king EVERYWHERE!!! the currency of the loudest, most obnoxious group of jerks on the interwebz, & proud to be one! ;) if you want that go on hopping the coins. Title: Re: Do we need 100 Billions capacity? Post by: BayAreaCoins on February 21, 2014, 06:43:32 PM Quote author=troy112 link=topic=477815.msg5285480#msg5285480 date=1393004989] author=1369 link=topic=477815.msg5285032#msg5285032 date=1393003395] its a matter of perspective & perception, i think bitcoin suffers from too much value & who wants to say, "that'll be 26mBTC" when the term BTC already dosnt exactly roll off your tounge. on the other hand, doge is doing great with billions of coins & other not so great. Play vs the best and die like the rest. DOGE only has value due to BTC going through it and Jackson has spit in the face of BTC falsely advertising a cap and saying a coin needs a cap to survive! I want to know if I leave my great grand kids BTC it will have value even though the cap. There is a HUGE part of me that want to see doge go down the drain and the FLAP to get cap with that serving as a FORK from doge. DOGE can't even get the people one the right group with 1 dev team how could anyone fork it.... this is much easier to vote rather to have a ruler. Crypto might say it is decentralized, but it doesn't feel that way some times to a guy who can't code :'( such a little ant! ;) I loved doge and it had enough transactions to spin a network with a cap :-/ This can do it too because people will build on a capped coin. First ever high # coin with a cap. Title: Re: Do we need 100 Billions capacity? Post by: Polycoin on February 21, 2014, 06:51:30 PM Rarity=value
Title: Re: Do we need 100 Billions capacity? Post by: BayAreaCoins on February 21, 2014, 06:53:29 PM Rarity=value That is why a 1921-D Walking Liberty MS-70 is worth soooo much more than like a 1941 Walking Liberty. Same silver ect. but the mint is EVERYTHING when the printers click off (if ever.) Title: Re: Do we need 100 Billions capacity? Post by: matthona on February 21, 2014, 06:58:49 PM With all the new altcoins, you need to be doing something different to stand out... I like the idea of some coins without a cap .. not saying it's the best way, but I do know there's one sure way to find out
Title: Re: Do we need 100 Billions capacity? Post by: BayAreaCoins on February 21, 2014, 07:05:54 PM Doge removes cap, Doge dies. DOGE HAS NO CAP THE SOLD IT LIKE ONE STRAIGHT UP AND NOW THEY USE WORDING IN 1.5YEAR! ASK WHAT THE 10.5year OS IS or 20! Title: Re: Do we need 100 Billions capacity? Post by: BayAreaCoins on February 22, 2014, 01:25:31 AM What is the current vote? If we may ask or is it a secret lol
Title: Re: Do we need 100 Billions capacity? Post by: Xenopus on February 22, 2014, 02:03:50 AM Doge removes cap, Doge dies. DOGE HAS NO CAP THE SOLD IT LIKE ONE STRAIGHT UP AND NOW THEY USE WORDING IN 1.5YEAR! ASK WHAT THE 10.5year OS IS or 20! Is this English? Edit: Oh, I remember, you're the guy who said in that other thread, "I still think we should make a AIDS Coin to kill off all the alt coin homos". Nevermind then. Title: Re: Do we need 100 Billions capacity? Post by: Razor Ramon on February 22, 2014, 02:07:18 AM Keep the Flap Cap.
Title: Re: Do we need 100 Billions capacity? Post by: BayAreaCoins on February 22, 2014, 04:31:24 AM Doge removes cap, Doge dies. DOGE HAS NO CAP THE SOLD IT LIKE ONE STRAIGHT UP AND NOW THEY USE WORDING IN 1.5YEAR! ASK WHAT THE 10.5year OS IS or 20! Is this English? Edit: Oh, I remember, you're the guy who said in that other thread, "I still think we should make a AIDS Coin to kill off all the alt coin homos". Nevermind then. *face palm* Tired what can I say. I can't even defend that one :P AIDS coin lol or Gaycoin and force them to accept it! Title: Re: Do we need 100 Billions capacity? Post by: dE_logics on February 22, 2014, 04:38:46 AM Inflation is good, Bitcoin is fail.
https://bitcointalk.org/index.php?topic=440579.0 If there's a cap, Beecoin dies. Title: Re: Do we need 100 Billions capacity? Post by: dE_logics on February 22, 2014, 04:40:58 AM Rarity=value Rarity = Commodity. See, as of the current time's why inflation happens -- 1) Price of critical for survival things (like food, energy, water, etc...) increase. 2) People demand for a higher salary, the salary increases slowly. 3) Forex prices drop cause the money in circulation increases <-------- inflation. So it all starts with 1), in response to 1) the monetary authority of the country increases the money supply to give partial relief to the people. This's the classic model. In Bitcoin model (assuming Bitcoin is the de-facto currency, which has more value than the national currency), the salaries will never increase cause the no. of Bitcoins is limited; putting pressure on the people to survive at a higher cost of living. Title: Re: Do we need 100 Billions capacity? Post by: drippx on February 22, 2014, 04:44:07 AM Make the coin limited and rare otherwise its worthless
Title: Re: Do we need 100 Billions capacity? Post by: K0b1 on February 22, 2014, 05:04:39 AM Must be limited, Must!!!
Title: Re: Do we need 100 Billions capacity? Post by: temple on February 23, 2014, 06:16:38 AM The spirit of the digital coin is the cap has a limit.
Title: Re: Do we need 100 Billions capacity? Post by: hjdask on February 23, 2014, 08:37:49 AM What if gold and diamond were abundantly available ? It would lose its value .
Hence its your call , you either want your coins to be just another alt coin worth shit or a really good scrypt coin which has the capacity to be of high value Title: Re: Do we need 100 Billions capacity? Post by: indijim on February 23, 2014, 09:00:11 AM Doge removes cap, Doge dies. The complete opposite my friend, this is what will save doge from the rest of the coins. Yes, even BTC, LTC. Mark my words. Title: Re: Do we need 100 Billions capacity? Post by: Nutterboy on February 23, 2014, 09:19:09 AM A hard cap is not needed in my eyes, I think a soft cap is what is needed, like bitcoin the reward for each block should diminish but eventually reach a capped low price say 50Flap, to compensate miners for continuing to support the blockchain keeping it secure.
This soft cap would keep miners mining and securing the network and would mitigate the lost coins due to dead hard drives. Edit: Basically I don't ever want to see 1Trillion active coins on the market, something around 100billion would be fine, any more and I don't see to much value ever being attributed to them. Title: Re: Do we need 100 Billions capacity? Post by: elavenil on February 23, 2014, 09:33:03 AM with no cap, price will not increase. It is better to set a cap.
Title: Re: Do we need 100 Billions capacity? Post by: hostmaster on February 23, 2014, 09:35:40 AM economists will say you inflation is goodthink remember some flabs have some erosion and got lost its very ideal not cap it.
Title: Re: Do we need 100 Billions capacity? Post by: matthona on February 23, 2014, 12:13:07 PM What if gold and diamond were abundantly available ? It would lose its value . Hence its your call , you either want your coins to be just another alt coin worth shit or a really good scrypt coin which has the capacity to be of high value you are mistaking the absence of a cap for 'abundantly available' ... new gold and diamonds are found every day - and they are still valuable... a coin can have a small new amount to mine forever and it would be ok, as there will be lost coins along the way Title: Re: Do we need 100 Billions capacity? Post by: BayAreaCoins on February 23, 2014, 12:35:35 PM What if gold and diamond were abundantly available ? It would lose its value . Hence its your call , you either want your coins to be just another alt coin worth shit or a really good scrypt coin which has the capacity to be of high value you are mistaking the absence of a cap for 'abundantly available' ... new gold and diamonds are found every day - and they are still valuable... a coin can have a small new amount to mine forever and it would be ok, as there will be lost coins along the way You sir are the reason why gold prices shoot up and will continue to go up. Gold isn't like turn big brothers data center on, it requires work. Not what we give them for free (like this hahaha) People die over that shit. Blood and tears go a long way to value. If you think you can get diamonds easy you should look into Africa. GL Title: Re: Do we need 100 Billions capacity? Post by: matthona on February 23, 2014, 03:17:57 PM What if gold and diamond were abundantly available ? It would lose its value . Hence its your call , you either want your coins to be just another alt coin worth shit or a really good scrypt coin which has the capacity to be of high value you are mistaking the absence of a cap for 'abundantly available' ... new gold and diamonds are found every day - and they are still valuable... a coin can have a small new amount to mine forever and it would be ok, as there will be lost coins along the way You sir are the reason why gold prices shoot up and will continue to go up. Gold isn't like turn big brothers data center on, it requires work. Not what we give them for free (like this hahaha) People die over that shit. Blood and tears go a long way to value. If you think you can get diamonds easy you should look into Africa. GL please show me EXACTLY where I said anything about 'easy' at all I'm the reason gold prices go up??? lmao... you are a f-ing idiot Title: Re: Do we need 100 Billions capacity? Post by: opusdigitus on February 23, 2014, 03:27:11 PM Please cap this coin if for no other reason than to differentiate it from DOGE. A cute icon and community that appears to be hooked on happy pills is not enough. You've got to be different now, and the cap is the only way.
Title: Re: Do we need 100 Billions capacity? Post by: CryptoPro on February 23, 2014, 03:55:47 PM Cap it. This shouldn't even be a debate.
Title: Re: Do we need 100 Billions capacity? Post by: Zzzack on February 23, 2014, 04:04:55 PM Cap it for now.
The cap differentiates it from Doge. Title: Re: Do we need 100 Billions capacity? Post by: GangstaBird on February 23, 2014, 10:10:25 PM I say cap
Title: Re: Do we need 100 Billions capacity? Post by: Zzzack on February 24, 2014, 04:00:31 AM A low rate of inflation like .5-1% is actually OK with me. This coin's mining will be done and then what? Lets put a 1% inflation rate on, I'm changing my vote.
Title: Re: Do we need 100 Billions capacity? Post by: jamesholodnak on February 24, 2014, 03:17:17 PM cap is necessary!
thanks! Title: Re: Do we need 100 Billions capacity? Post by: bmanzzs on February 24, 2014, 03:56:23 PM Yes. As others have posted, we should differentiate ourselves from doge and put a hard cap.
Title: Re: Do we need 100 Billions capacity? Post by: 11danman11 on February 25, 2014, 03:07:53 AM Keep the cap at 100 billion.
Title: Re: Do we need 100 Billions capacity? Post by: triplexoid on February 25, 2014, 04:44:28 PM So what was the resulting value at the end?
Title: Re: Do we need 100 Billions capacity? Post by: Zzzack on February 25, 2014, 06:29:46 PM So what was the resulting value at the end? Hopefully opposed! We don't need 5% inflation like Doge, but lets keep it at 1% so we always have miners to secure the network. Also, this small % of coins mined is just meant to stop flappycoin from being deflationary. We want a fixed currency Title: Re: Do we need 100 Billions capacity? Post by: 1369 on February 26, 2014, 04:57:36 AM Miners will still mine for transaction fees.
Title: Re: Do we need 100 Billions capacity? Post by: Zzzack on February 27, 2014, 03:47:01 PM Miners will still mine for transaction fees. But we don't want the currency to be deflationary imo. We need a currency to be deflationary so that it has this idea of rarity and attracts initial investors. <---But this point is moot if we lose investors because the coin couldn't be a usable currency. Doge set a 5% inflation rate in an attempt to be a usable currency in the future. I think 5% is an arbitrary number that is too high. I think we should use a different, lower arbitrary number (such as 1%) that will make up for lost coins so that supply isn't inevitably going to decrease every year (and it provides additional mining incentive which is always good). Mining incentive and community are the most important value-adders for a currency. Title: Re: Do we need 100 Billions capacity? Post by: BayAreaCoins on February 27, 2014, 07:18:32 PM Miners will still mine for transaction fees. But we don't want the currency to be deflationary imo. We need a currency to be deflationary so that it has this idea of rarity and attracts initial investors. <---But this point is moot if we lose investors because the coin couldn't be a usable currency. Doge set a 5% inflation rate in an attempt to be a usable currency in the future. I think 5% is an arbitrary number that is too high. I think we should use a different, lower arbitrary number (such as 1%) that will make up for lost coins so that supply isn't inevitably going to decrease every year (and it provides additional mining incentive which is always good). Mining incentive and community are the most important value-adders for a currency. It isn't 5%.... It is 5.25 billion for ever. DOGE inflation has nothing to do with %'s Title: Re: Do we need 100 Billions capacity? Post by: Zzzack on February 27, 2014, 07:23:34 PM Miners will still mine for transaction fees. But we don't want the currency to be deflationary imo. We need a currency to be deflationary so that it has this idea of rarity and attracts initial investors. <---But this point is moot if we lose investors because the coin couldn't be a usable currency. Doge set a 5% inflation rate in an attempt to be a usable currency in the future. I think 5% is an arbitrary number that is too high. I think we should use a different, lower arbitrary number (such as 1%) that will make up for lost coins so that supply isn't inevitably going to decrease every year (and it provides additional mining incentive which is always good). Mining incentive and community are the most important value-adders for a currency. It isn't 5%.... It is 5.25 billion for ever. DOGE inflation has nothing to do with %'s you're right. so it is still deflationary. And, 1 million Flap a year is what I meant I wanted. Title: Re: Do we need 100 Billions capacity? Post by: mmbai83 on March 02, 2014, 01:51:33 AM Yes we do if one looks at the different cryptos the ones that have a cap are more valuable. If the coin keeps being mined infinitely then there is no reason to leave fiat money.
Title: Re: Do we need 100 Billions capacity? Post by: 124C41 on March 02, 2014, 08:56:33 AM Title: Re: Do we need 100 Billions capacity? Post by: WaffleMaster on March 05, 2014, 10:56:14 PM Keep the cap and we'll all FAP to how high we can go with FLAP. FORK ME HARD BABY!!
Title: Re: Do we need 100 Billions capacity? Post by: qiwoman on March 06, 2014, 06:00:53 PM I would recommend capping at 100 billion, If there is unlimited source of flappycoin, why would I even bother from buying someone else. Yes, It will take much longer for me to mine a large amount but some people are willing to wait and less transactions on exchanges, overall negative for the community, trading of Flappy hands wise. People will lose their FLAP in the long run, hard drive failure, ect.. so take and value your Flappy Coin for safe keeping! WE NEED TO CAP..There are already tons of coins on the market already and if we alone have gaziillions of never ending flappy's then we are just like fiat and we go down more and more in value. DOGE COIN WAS a fluke that works but copy cats don't make it and DOGE won't rise much mroe in value and now with Reddcoin it is actually dropping so best make a cap. Miners are making a ton from it as it is dumping so much coin cheapo. Let us small time investor folks also make a little bit of pocket change, let the value of it grow for us too. Just my 2 flaps. ;D Title: Re: Do we need 100 Billions capacity? Post by: greentea on March 08, 2014, 02:07:24 AM You need to cap it ... maybe even less than 100 billion like 50 if you can.
That'd surprise everyone and will spike interest. Title: Re: Do we need 100 Billions capacity? Post by: 1369 on March 08, 2014, 02:09:26 AM You need to cap it ... maybe even less than 100 billion like 50 if you can. That'd surprise everyone and will spike interest. 9 billion Trollcoins is more than enough. Title: Re: Do we need 100 Billions capacity? Post by: Seefude on March 11, 2014, 08:50:04 AM Cap it, in honor of how the game got capped!
Title: Re: Do we need 100 Billions capacity? Post by: Zzzack on March 11, 2014, 10:10:14 PM I want 1 billion flaps per year no matter what!!
Title: Re: Do we need 100 Billions capacity? Post by: ds07104com on March 14, 2014, 02:30:49 AM I want 1 billion flaps per year no matter what!! I agree with you!Now the huge yield per day (nearly 0.6 billion) almost killing the flap. Unrestrained production is not a good thing. |
