Bitcoin Forum

I posted a guide to simple mining setup for Bitflate, a cryptocurrency with inflation.

https://bitflate.github.io/post/2019/07/21/bitflate-solo-mining-with-gekkoscience-newpac-usb.html

If you need a pool for mining, you can use mining-dutch or cminors pools. See mining pool instructions below:

https://www.mining-dutch.nl/
https://bitflate.cminors-pool.com/

Come mine this coin. The coin supply starts to inflate after 4 years. But it rewards early adopters with more coins.

First 10 halvings' rewards:

0: 50
1: 25
2: 12.5
3: 6.25 (end of halving)
4: 6.65 (start of inflation 7%)
5: 7.02
6: 7.51
7: 8.04
8: 8.60
9: 9.20
10: 9.85

Block explorer: https://explorer.bitflate.org

Update: Current block height: 6399. I designed a reward system to give more coins to early adopters.

You can buy GekkoScience NewPac miner from 419mining.com. All mining equipments cost under $100. Come mine Bitflate coin!

Mining guide: https://bitflate.github.io/post/2019/07/21/bitflate-solo-mining-with-gekkoscience-newpac-usb.html

We just launched a explorer UI for Bitflate coin.

https://explorer.bitflate.org/

So, in date of 19/07 you've mined 6000 blocks, right ?
Now chain is at block 127xx, so you have 50% of the coins, and probably more if you have continued mining ...

So far, there're 2 people mining Bitflate. I have 61.38% of the supply. The other person whom I don't know has 38.62%. We're at 639k coins. In our first year, we're supposed to reach 10 million coins. So we're still very far off. I do not want to own more coins. I will keep my miner down once there are more people mining. The coin uses the same Proof of Work consensus as bitcoin. I expect coin ownership to spread out when more miners come.

The chain inflates its supply after 4 years. So eventually, my bag will devalue. My long term goal is to create software services around the chain.

https://bitflate.org/

I just saw this gif animation on twitter.

https://twitter.com/in3rsha/status/1159081365528358913

Bitcoin doesn't have new miners on board until block 130k. We have 2 miners already at 12k block. :)

We released version 0.18.1 of Bitflate Core.

https://bitflate.org/post/2019/08/11/bitflate-binaries-v0.18.1.html

Update: we're at block 14k now with 6 addresses:

https://twitter.com/bitflate/status/1161863188024983553

https://explorer.bitflate.org/

Bitflate chain has grown quick. We're at block 17k with 16 addresses now. Thanks everyone!

Reminder: reward gets halving 4 times before inflation. The system rewards early miners with more coins.

One day: we're at block 22693 and 1.1 million coins now. Looks like some professional miners are acquiring Bitflate coins. They slowly push up hashrate and mine lots of coins. We're at 548 GH/s and 1461 difficulty. I hope the chain is not under attack. I don't see anything irregular. If someone notices anything, please let me know.

It came to our attention that previous software builds didn't enable SegWit properly. I fixed the issue and rebuilt v0.18.1. You can download it here:

https://github.com/bitflate/bitflate/releases/tag/v0.18.1

We're now at block 29510. SegWit is enabled since block 28224.

https://explorer.bitflate.org/

I posted a discussion in Bitcoin Discussion to make the case for Bitflate. See the discussion here:

https://bitcointalk.org/index.php?topic=5179448

Join our discord community: https://discord.gg/utnEyp8

Update: current block 37,776. Coin supply: 1,888,850.

Recent price decrease seems to drop hashrates everywhere. Good time for mining.  :)

Bitflate difficulty: 985k (down from 1.2 million).
Coin supply: 1.9 million.
Block number: 38402.

Reminder: Bitflate mining rewards early adopters with more coins.

First 10 halvings' rewards:

0: 50
1: 25
2: 12.5
3: 6.25 (end of halving)
4: 6.65 (start of inflation 7%)
5: 7.02
6: 7.51
7: 8.04
8: 8.60
9: 9.20
10: 9.85

Block explorer: https://explorer.bitflate.org

Update: we just passed 2 million coins. I'm excited about this milestone.

The coins are getting distributed into many wallets. We want to increase decentralization.

https://explorer.bitflate.org/richlist

Reminder: Bitflate mining rewards early adopters with more coins.

First 10 halvings' rewards:

0: 50
1: 25
2: 12.5
3: 6.25 (end of halving)
4: 6.65 (start of inflation 7%)
5: 7.02
6: 7.51
7: 8.04
8: 8.60
9: 9.20
10: 9.85

Block explorer: https://explorer.bitflate.org

Update: Bitflate (BFL) is now available on Unnamed Exchange.

https://twitter.com/TillKoeln/status/1178506800372551680?s=20v


$BFL Bitflate is listed at unnamedExchange https://www.unnamed.exchange

join our Discord https://discord.gg/phaRuY9

BTC http://www.unnamed.exchange/Exchange/Basic?market=BFL_BTC
LTC http://www.unnamed.exchange/Exchange/Basic?market=BFL_LTC
DOGE http://www.unnamed.exchange/Exchange/Basic?market=BFL_DOGE
UTIP http://www.unnamed.exchange/Exchange/Basic?market=BFL_UTIP
ETH http://www.unnamed.exchange/Exchange/Basic?market=BFL_ETH

I've written a new article about crypto with inflation.

The Next Big Thing in Crypto: Using Inflation to Create Stablecoin

https://bitflate.org/post/2019/10/10/the-next-big-thing-in-crypto-using-inflation-to-create-stablecoin.html

Bitflate is now trading on Unnamed Exchange.

https://www.unnamed.exchange/Exchange?market=BFL_BTC

Mining update:

Block: 45.3k.
Coin supply: 2.26 million.

https://explorer.bitflate.org/

Bitflate (BFL) is now trading on Unnamed Exchange. Use with caution.

https://www.unnamed.exchange/Exchange?market=BFL_BTC

Join our discord community: https://discord.gg/utnEyp8

Onwards. :)

this one never got too far hey? not a single buy order on unnamed.exchange :( 
kinda feels like just a fun experimental coin anyways :)
Good Luck in the future!

Thanks. I sure need a lot of luck. :)

Yes, Bitflate is an experimental coin. I pitch Bitflate as Bitcoin with constant inflation. I think it is a good candidate for a digital native stablecoin. It has a 7% supply inflation after 4 years of halving. By design, Bitflate coin bag will devalue over time. Bitflate is not digital gold. It's not for HODL. Everyone will dump Bitflate at some point. Bitflate is, by common definition, a shitcoin. It is probably the ultimate shitcoin. It is the opposite of Bitcoin. But maybe, this is why it has a chance of succeeding.

Although the chain inflates at 7%, we should be able to compensate depreciation with interest. Bitflate could become a coin for transactions. It's year 2019. I'm trying to fork Bitcoin. Forking has been done so many times and pretty much all failed. I'm aware of this. Running Bitflate has been a humbling experience. But I think cryptocurrency market needs a coin like this. With Bitflate, there's no limited supply, no Austrian Economics, no programmable blockchain, no world computer. Inflation encourages people to spend their coins.

No trick, no gimmick, just plain old Proof of Work cryptocurrency.

You can buy BFL on Unnamed Exchange. Use with caution. https://www.unnamed.exchange/Exchange?market=BFL_BTC

Join our discord community: https://discord.gg/utnEyp8

I think that you are doing a good job but you need more widespread for your coins and let me tell you a very easy way to reach more people,start a signature campaign and pay participants by Bitcoin (equal in Bitflate) so if you pay Full Members 0.002 btc weekly you will pay them the equivalent in bitflate.The reason I say to pay in Bitcoin equivalent is to get more people to join your signature.

This is a good project but alone you can’t go very far no matter how good you are.

Thanks for the suggestion. Running a decentralized blockchain makes me realize how little we can control the world. I made the software, started the chain. But I only have a minor amount of the coin supply. Miners and others are holding most of the coin supply. It's difficult to align incentives. So far, I have been able to ask for donation for exchange listing fees. Currently, I see some miners want to sell their coins at good price (> 10 sats per BFL coin). There may be a way to get them to pay you BFL coins in exchange for signature.

Feel free to join Bitflate Discord channel to advertise your service: https://discord.gg/utnEyp8

Bitflate mining update. We've reached 50k blocks!

Block: 50k.
Coin supply: 2.5 million.

https://explorer.bitflate.org/

Bitflate (BFL) is now trading on Unnamed Exchange.

https://www.unnamed.exchange/Exchange?market=BFL_BTC

Join our discord community: https://discord.gg/utnEyp8

Mining update.

Since last update, difficulty went up a lot, from 700K to 2.3M.

Block: 52.7k.
Coin supply: 2.6 million.

https://explorer.bitflate.org/

Bitflate (BFL) is now trading on Unnamed Exchange.

https://www.unnamed.exchange/Exchange?market=BFL_BTC

Join our discord community: https://discord.gg/utnEyp8

Hi everyone,

Mining update: Bitflate just passed 60k blocks and 3 million coins in circulation.

Block: 60k
Supply: 3 million

60k block here:
https://explorer.bitflate.org/block/00000000000005b50a37e94459ce8be093b8459e4cf26e8aed3baecc02a4549e

Reminder: Bitflate reward will halve from 50 to 25 at 210k blocks (10 million coins). It is designed to give more coins to early adopters. Still plenty of time to get coins before we reach 10 million coins.

0: 50 (10 million)
1: 25 (15 million)
2: 12.5
3: 6.25 (end of halving)
4: 6.56 (start of inflation 7%)
5: 7.02
6: 7.51
7: 8.04
8: 8.60
9: 9.20
10: 9.85 (30 million)

Hi everyone,

Mining update: Bitflate just passed 70k blocks and 3.5 million coins in circulation.

Block: 70k
Supply: 3.5 million

70k block here:
https://explorer.bitflate.org/block/00000000000005fe0653cf7b41e38160dde2134c1c2fccd3a02a5cf6f9f1b9cf

Reminder: Bitflate reward will halve from 50 to 25 at 210k blocks (10 million coins). It is designed to give more coins to early adopters. Still plenty of time to get coins before we reach 10 million coins.

0: 50 (10 million)
1: 25 (15 million)
2: 12.5
3: 6.25 (end of halving)
4: 6.56 (start of inflation 7%)
5: 7.02
6: 7.51
7: 8.04
8: 8.60
9: 9.20
10: 9.85 (30 million)

Mining update: Bitflate just passed 80k blocks and 4 million coins in circulation.

Block: 80k
Supply: 4 million
Difficulty: 5M

80k block here:
https://explorer.bitflate.org/block/00000000000007f7709693f82eb7ef89cb5a11b200aab7ddb3cb2432fed91d6a

Reminder: Bitflate reward will halve from 50 to 25 at 210k blocks (10 million coins). It is designed to give more coins to early adopters. Still plenty of time to get coins before we reach 10 million coins.

0: 50 (10 million)
1: 25 (15 million)
2: 12.5
3: 6.25 (end of halving)
4: 6.56 (start of inflation 7%)
5: 7.02
6: 7.51
7: 8.04
8: 8.60
9: 9.20
10: 9.85 (30 million)

There's an opinion article on Bloomberg. It makes the case for adding inflation to cryptocurrency. Check out the Bitflate experiment. I think people will realize the usefulness of Bitflate.

https://www.bloomberg.com/opinion/articles/2020-02-21/bitcoin-s-future-as-real-currency-like-dollar-relies-on-inflation

Mining update.

We passed 90k blocks!

This crypto and equity crash shows the need for a crypto for transactions. Existing blockchains with capped supply are very volatile. DAI stablecoin is failing under volatility. I believe that our best shot of making a digital native stablecoin is Bitflate.

Everything is crashing, Bitflate is marching forward. Smiley

Block: 90k
Supply: 4.5 million
Difficulty: 5M

90k block here:
https://explorer.bitflate.org/block/00000000000001b106a5ace1c4dc661fa8f0e775f591c4c54ab04898209fa76c

Reminder: Bitflate reward will halve from 50 to 25 at 210k blocks (10 million coins). It is designed to give more coins to early adopters. Still plenty of time to get coins before we reach 10 million coins.

0: 50 (10 million)
1: 25 (15 million)
2: 12.5
3: 6.25 (end of halving)
4: 6.56 (start of inflation 7%)
5: 7.02
6: 7.51
7: 8.04
8: 8.60
9: 9.20
10: 9.85 (30 million)

I've created a new release for Bitflate Core client v0.19.0.1. See release details here:

https://bitflate.org/post/2020/03/27/bitflate-binaries-v0.19.0.1.html

The Bitflate blockchain has reached 100k blocks!

Block: 100k
Supply: 5 million

100k block:
https://explorer.bitflate.org/block/00000000000001e34e2bfd8eaed52bbff3e81b6340bb350594f7d3aaad1ac1b2

Reminder: Bitflate reward will halve from 50 to 25 at 210k blocks (~10 million coins). It is designed to give more coins to early adopters. Still plenty of time to get coins before we reach 10 million coins.

0: 50 (~10 million)
1: 25 (~15 million)
2: 12.5 (~18 million)
3: 6.25 (end of halving)
4: 6.56 (start of inflation 7%)
5: 7.02
6: 7.51
7: 8.04
8: 8.60
9: 9.20
10: 9.85 (30 million)

We will not see the 50-coin block reward in more than 30 years.

I modeled the reward schedule in this sheet: https://docs.google.com/spreadsheets/d/1tdRWdqc0I9uMASXp-zY8TnVhoiTJUd-NIEnQrAl_3Lg/edit#gid=0

Mining Update. The Bitflate blockchain has reached 110k blocks!

Block: 110k
Supply: 5.5 million

110k block:
https://explorer.bitflate.org/block/0000000000000917d93fd5e883bd53c2be045c084fd98e8f6aa0acb1fd7240fd

Reminder: Bitflate reward will halve from 50 to 25 at 210k blocks (~10 million coins). It is designed to give more coins to early adopters. Still plenty of time to get coins before we reach 10 million coins.

0: 50 (~10 million)
1: 25 (~15 million)
2: 12.5 (~18 million)
3: 6.25 (end of halving)
4: 6.56 (start of inflation 7%)
5: 7.02
6: 7.51
7: 8.04
8: 8.60
9: 9.20
10: 9.85 (30 million)

We will not see the 50-coin block reward in more than 30 years.

I modeled the reward schedule in this sheet: https://docs.google.com/spreadsheets/d/1tdRWdqc0I9uMASXp-zY8TnVhoiTJUd-NIEnQrAl_3Lg/edit#gid=0

Mining Update. The Bitflate blockchain has reached 120k blocks!

Block: 120k
Supply: 6 million

120k block:
https://explorer.bitflate.org/block/00000000000001fe6f9fd500d2d83313656c98f643b3f9bf16c7473b6630298b

Reminder: Bitflate reward will halve from 50 to 25 at 210k blocks (~10 million coins). It is designed to give more coins to early adopters. Still plenty of time to get coins before we reach 10 million coins.

0: 50 (~10 million)
1: 25 (~15 million)
2: 12.5 (~18 million)
3: 6.25 (end of halving)
4: 6.56 (start of inflation 7%)
5: 7.02
6: 7.51
7: 8.04
8: 8.60
9: 9.20
10: 9.85 (30 million)

We will not see the 50-coin block reward in more than 30 years.

I modeled the reward schedule in this sheet: https://docs.google.com/spreadsheets/d/1tdRWdqc0I9uMASXp-zY8TnVhoiTJUd-NIEnQrAl_3Lg/edit#gid=0

Mining Update. The Bitflate blockchain has reached 130k blocks!

Block: 130k
Supply: 6.5 million

130k block:
https://explorer.bitflate.org/block/0000000000000433e27d4f4798ac36cf7be34d4896ad05c36db15ee791e956c0

Reminder: Bitflate reward will halve from 50 to 25 at 210k blocks (~10 million coins). It is designed to give more coins to early adopters.

The Bitflate blockchain has reached 140k blocks!

Block: 140k
Supply: 7 million

140k block:
https://explorer.bitflate.org/block/000000000000006db9b8274bc5a78269be6fd33755b6770eed99ff918ba6a9e3

Reminder: Bitflate reward will halve from 50 to 25 at 210k blocks (~10 million coins). It is designed to give more coins to early adopters.

Hi Bitflate users,

There's a new release of Bitflate Core client v0.20.0. You can download and upgrade your client here:

https://bitflate.org/post/2020/07/25/bitflate-binaries-v0.20.0.html

The Bitflate blockchain has reached 150k blocks!

Block: 150k
Supply: 7.5 million

150k block:
https://explorer.bitflate.org/block/000000000000010393918248c58261b575e3729ff3404975ff1347e32b437981

Reminder: Bitflate reward will halve from 50 to 25 at 210k blocks (~10 million coins). It is designed to give more coins to early adopters.

Seems the OP has a consistent spirit in promoting this coin? miner? i have no idea what was you are promoting here, if your coin, I ask that you put more information regarding your coin and also if you are promoting a miner same question i just want to ask, kindly post a full details here.

Thanks for your interest. I'm the Bitflate developer. Bitflate is a Bitcoin fork. It works the same way as Bitcoin. Except, it'll have a perpetual 7% supply inflation after the 3rd halving. The goal of Bitflate is to enable the transaction use case of crypto. We have a small community of miners and coin holders. You can find more information about Bitflate on our website.

https://bitflate.org/

The Bitflate blockchain has reached 160k blocks!

Block: 160k
Supply: 8 million

160k block:
https://explorer.bitflate.org/block/0000000000000339f3472b5646cbf5690d34ab5fbe82fcf3a55d0c3d6119708f

Reminder: Bitflate is a crypto with 7% inflation. But for the first 3 epochs, rewards will halve. The first halving is from 50 to 25 at 210k blocks (~10 million coins). It is designed to give more coins to early adopters.

The Bitflate blockchain has reached 170k blocks!

Block: 170k
Supply: 8.5 million

170k block:
https://explorer.bitflate.org/block/000000000000078017e9f032630854fd34d2c84b8c25d997c34cd7c266df9a75

Reminder: Bitflate is a crypto with 7% inflation. But for the first 3 epochs, rewards will halve. The first halving is from 50 to 25 at 210k blocks (~10 million coins). It is designed to give more coins to early adopters.

Thanks for your answer, my last question is, how do we get this coin? Is this fork can get via ICO? or we can able mine this like other btc fork out there? I'm also a follower of one fork of btc, the Bitcoin 2 and I have running a masternode for it. Is this coin is POS/MN? lots of question.  ;)  :D

Thanks for the interest. Bitflate is a proof-of-work coin. You can mine it using mining-dutch.nl or cminors pools.

https://www.mining-dutch.nl/
https://bitflate.cminors-pool.com/

I mine the coins by renting rigs on https://www.miningrigrentals.com/.

You can also buy BFL coins on Unnamed Exchange.

https://www.unnamed.exchange/Exchange?market=BFL_BTC

As always, proceed with caution and do your own research.

Do you have miner recommendation for best result? or is this pool recommended a best miner for gpu in their website? Anyway thanks for your info, I would like to try to mine this coin and see if it is profitable or will become profitable soon.

I use SHA256 and SHA256 asicboost rigs on miningrigrentals.com. I mine with both cminors and mining-dutch pools. I try to support both pools because they support Bitflate. I like cminors UI. It's faster. But mining-dutch is a bigger pool with longer history. I did hit some problems with payouts before. So check your payouts.

Bitflate's thesis is that we need to have inflation for transactions. Bitcoin is deflationary. Bitflate is inflationary. I think Bitflate's success depends on when people will accept this thesis. As far as I see, most people in crypto reject inflation. They think it's evil and Bitcoin is the final form of money. It can take a while for people to rethink their views of inflation. In the meantime, early Bitflate adopters can mine bigger block rewards. :)

The Bitflate blockchain has reached 180k blocks!

Block: 180k
Supply: 9 million

180k block:
https://explorer.bitflate.org/block/000000000000070477546e34b992c8c3ed0373ff1b6ada00d8fd7da083e23853

Reminder: Bitflate is a crypto with 7% inflation. But for the first 3 epochs, rewards will halve. The first halving is from 50 to 25 at 210k blocks (~10 million coins). It is designed to give more coins to early adopters.

The Bitflate blockchain has passed 190k blocks!

Block: 190k
Supply: 9.5 million

190k block:
https://explorer.bitflate.org/block/00000000000000e1b4f51dff867b11212b3c101af7950e031dbc2e7fa4510250

Reminder: Bitflate is a crypto with 7% inflation. But for the first 3 epochs, rewards will halve. The first halving is from 50 to 25 at 210k blocks (~10 million coins). It is designed to give more coins to early adopters.

Here we go again, so all what this bitflate can do is inflation and POW? I'm guessing this is another hit and run crypto project, this project add no solution to crypto projects but add more problem to crypto space because such project have no real use case, miners I hope you guys are smart, I spent over a year mining coins like this and they died before I was even able to sell them.

So you have a coin using sha-256 same algo as btc....

So what keeps a big btc farm from pointing its hash power at this coin and 51% attacking it?  Correction what keeps anyone with a single S9 from owning the network (worthless as it is).

I mean i know this coin is in no danger becuase to be honest the market cap is pitiful literally has no ranking (so not in top 5000 couns) and no clear market price.  The exchange listed is not exactly anything...the exhanges total volume of all coins traded in 24hrs is less than $5000 TOTAL. 

Total value of bitflate coin 24hrs.... $32...total...worldwide.  And it appears that data is probably inflated.

Total miners on the NL pool ZERO
Total miners on the cminers pool ..... 2

So total 2 miners.  And they havent found a block since 12/25.

How does Bitcoin address the Medium of Exchange use-case? I think the answer is it can't. A money system consists of a Store of Value and a Medium of Exchange. An example is the Gold Standard. It consists of gold (deflationary) and paper money (inflationary). We need an inflationary crypto to make a crypto money system. That is the purpose of Bitflate.

Check out Bitflate website for more information:

https://bitflate.org/

Bitflate is an experimental coin. I don't think anyone bothers to attack it. They will only help the community pushing blocks. Changing the mining algorithm won't prevent attacks.

Why should Bitflate exist? Because we need to find a way to address the Medium of Exchange use-case. Check out the website for more information:

https://bitflate.org/

Call it what ever you want.  It is garbage.  Nothing new except you changed emission rate ....as stated on the website.  So no real code no real innovation,  We changed emissions....when there are literally thousands of real coins already out there....Some with real experiments and not just sad little me too copy boys behind it.  You list an exchange but there is no volume and no market for this coin.  Even if you mine it...it has no value.  Thats where your whole idea falls apart.  If people dont value it....it has no value. 

You are same as several trying to ride the bull market to your wet dream.  But nobody values what you are doing because honestly its not even your work.  Its bitcoins bitcore.  And the value goes to there not to you. 

The idea of Bitflate is to find a way to introduce inflation into crypto. Existing coins have limited supplies. The economic incentives are the same. You hold a bag of coins. The community pumps and dumps. Technology-focused coins, like Ethereum, claim to have better technology than Bitcoin. But it has the same economic incentives. I think this is why the whole market behaves the same way. Everyone pumps and dumps.

Many coins have tried to sell "new tech" value proposition. I don't think they have added much. I think inflation can unlock the Medium of Exchange use-case. Bitflate has a moderately high inflation rate, 7% per year. That makes it distinctive from the rest of the market. Bitcoin is a good model for making cryptocurrency. Bitflate is not about a new crypto technology. It's an experiment with economic incentives.

Bitflate is a shitcoin. Its supply will inflate to make a lot of coins. Many coins have failed to compete with the digital gold narrative of Bitcoin. Bitflate has a different narrative. It's the ultimate shitcoin. There'll be a lot of coins. We can make something useful out of it. Maybe, it'll be the digital fertilizer.

Eth has no limit on supply.
Grin has no limit on supply.

Nothing you have offered is not already covered.   

You have almost no real info on the website.  Everything you have to say about this is covered in the first post you made.  The chart of emission makes it clear.  The deafening silence (no market / no miners) with it being around since 2019.  The complete lack of development on its github.  Its dead ...quit beating it.

ETH, Grin, Doge have constant tail emissions. The constant emission will be smaller and smaller relative to the circulating supply. It's the same as Bitcoin.

https://i.ibb.co/ByNJCf0/Screen-Shot-2021-01-15-at-10-37-45-AM.png

Here is Bitflates metrics:

https://www.coingecko.com/en/coins/bitflate

2 years in and thats all its done....nothing.  Same as the github shows.   

Hi everyone,

We have a new release for the Bitflate Core client, v0.20.2. This is a required upgrade. In this version, we changed the pchMessageStart parameter. This change prevents Bitflate clients from connecting to Bitcoin clients. But it also prevents connection to older Bitflate clients. Please upgrade your client to get new blocks. Instructions for upgrade.

https://bitflate.org/post/2021/01/24/bitflate-binaries-v0.20.2.html

Hi miners,

We released the Bitflate Whitepaper. In this paper, we describe:

- Why the market needs an inflationary cryptocurrency.
- Design of Bitflate.
- Design of an Elastic Monetary System.
- How this system can achieve Digital Cash.

https://bitflate.org/bitflate.pdf

I came across a Twitter thread about Bitcoin's volatility. It's worth reading through it and the responses. Most bitcoiners are still disillusioned about volatility. They think Bitcoin's price will stabilize at "some" point in the future. But it's likely that Bitcoin's volatility is inherent. The fix for it is inflation. That's why we need Bitflate.

https://twitter.com/jp_koning/status/1371497062299230219

"The price of bitcoin is inherently volatile." @jp_koning

Come mine some Bitflate coins.  :)

The Bitflate blockchain has passed 200k blocks!

Block: 200k
Supply: 10 million

200k block:
https://explorer.bitflate.org/block/0000000000000231684611e46e5b3fc5cefd92234a7c6100b3b6d52d9c28b2ac

Reminder: Bitflate is a crypto with 7% inflation. But for the first 3 epochs, rewards will halve. The first halving is from 50 to 25 at 210k blocks (~10 million coins). It is designed to give more coins to early adopters.

Only 2 weeks left to mine at max block reward, halving soon! Get in on Mining Dutch SHA-256 mining.

The Bitflate blockchain has passed 210k blocks! We had our first halving!

The reward is cut from 50 to 25. We're still early. The reward will halve 2 more times (12.5 and 6.25) before inflation starts.

Block: 210k
Supply: 10.5 million

209999 block:
https://explorer.bitflate.org/block/00000000000002adb5fae7fe02cafaf3754f0e2d633e83204c569832c1033bcd

210000 block:
https://explorer.bitflate.org/block/000000000000018f535df9a66bd7afe605221cc9dc5c77d1e783b30ab0090fcf

Reminder: Bitflate is a crypto with 7% inflation. For the first 3 epochs, rewards will halve. The first halving happened on May 11, 2021. The next halving is from 25 to 12.5 at 420k blocks (~15 million coins). It is designed to give more coins to early adopters.

The Bitflate blockchain has passed 220k blocks!

Block: 220k
Supply: 10.75 million

220k block:
https://explorer.bitflate.org/block/000000000000002c3e8230a19a6f2949e47b41ae6f2fdebc0d2a65c3a9e4ff2e

Reminder: Bitflate is a crypto with 7% inflation. But for the first 3 epochs, rewards will halve. The first halving is from 50 to 25 at 210k blocks (~10 million coins). It happened on May 11, 2021. The next halving will happen at 420k blocks. The schedule is designed to give more coins to early adopters.

The Bitflate blockchain has passed 230k blocks!

Block: 230k
Supply: 11 million

230k block:
https://explorer.bitflate.org/block/00000000000004bd54748bf56204a651768db1c455274aa21bdf32180f182aa8

Reminder: Bitflate is a crypto with 7% inflation. But for the first 3 epochs, rewards will halve. The first halving is from 50 to 25 at 210k blocks (~10 million coins). It happened on May 11, 2021. The next halving will happen at 420k blocks. The schedule is designed to give more coins to early adopters.

The Bitflate blockchain has passed 240k blocks!

Block: 240k
Supply: 11.25 million

240k block:
https://explorer.bitflate.org/block/0000000000000314ff94b58e7c0f4ebe3e1be71327cd7de843913c20ba8baa0c

Reminder: Bitflate is a crypto with 7% inflation. But for the first 3 epochs, rewards will halve. The first halving is from 50 to 25 at 210k blocks (~10 million coins). It happened on May 11, 2021. The next halving will happen at 420k blocks. The schedule is designed to give more coins to early adopters.

We've published a new article!

Including Bitflate in the Conversation for Pegging the USD to BTC

https://bitflate.org/post/2021/11/27/including-bitflate-in-the-conversation-for-pegging-the-USD-to-BTC.html

Bitflate is now trading on exbitron.com exchange!

BTC: https://www.exbitron.com/trading/bflbtc
DOGE: https://www.exbitron.com/trading/bfldoge