There is no alternative to death too, this doesn't mean we found a way to be immortal

NXT already exists(ed) is a 100% premined coin and bigger userbase and support. So this idea already happened. But it was initially distributed by a ICO (capped IPO, developer didnt allowed people to spend tons of btc, because the point of it according to him was just to spread ALL the coin using some method, not sell coins for money)

When talking about distributing coins in a fair way, there is clam coin where you get 4.6 clam coin if you had a wallet with more than 0, btc, ltc and doge Y weeks before it was launched (to make sure you know the devs didnt created tons of accounts). The problem is that each block, there is a reward of 1 coins and this reward will always exist so you get 21.73% of how much someone has at the start it block, thats alot of money it makes you 1.26 times richer than a normal person with initial coins with just one block.
So talking about fair distribution (if you exclude clamcoin extra 1 coin per block), premined coin is also not a pioneer.


Monetary inflation (printing more money) sucks (to everyone involved with crypto) so premined coins (where you must still mine and get transaction fees, not ripple bullshit where the owners own most of coins and they distribute as they see fit, so like the state they can print money [up to a limit, but still print money]) is a must. Anyway, premining is just the way crypto should be.

One question, If the coin have demurrage fees, why the coin inst fully premined?

Why have both monetary inflation and demurrage. (PS: Not saying to you remove demurrage from this project)

https://www.crunchbase.com/person/gavin-wood-2#section-jobs
Etherum creator gavin wood is involved with id2020.

Inflation create a susbsistance economy, where normal people can't save money because they will either lose it or lose its power. This creates a society that has less power to influence the market and the ultra riches reign freer from normal people influence.
The ultra rich have (instead of a pile of cash at some vault)  their companies, and etc.... that aren't money and so wont be taken by the system (in demurrage) or devalued with inflation.


Instead what could be tried with demurrage, is to try to test if demurage can work to make a coin more stable, something like this.
The coin DON'T use proof of burn.
The coin is 100% premined, and people mine only transactions fees and demurrage fees, but unlike clam coin where every wallet that had more than 0 bitcoin at specific day/hour X will get Y clam coins, you will only get one of the premined coins if you asked during the premine, this to avoid lost coins and make the coin "more premined", no coin will be "discovered at the future".
After Z days EACH wallet lost W coins, W is not a percentage of something, but specific W coins and will continue to be W until the heat death of universe.. W can't be a value too low (imagine every month each bitcoin wallet losing 1 satochi as some example) but also not too high.
The amount of unique coins (at bitcoin is 2100000000000000 coins) must be really high to support any wealth disparity possible and any amount of users without the need of adding more coins, or adding more zeroes before 1, so W stays always the same.
The coin will be pegged by the ability to pay to this ability to pay W.

Not only digital money wont be banned worldwide, fiat digital money will be used worldwide.

Also there is no such thing as worldwide there are countries and countries ban stuff, unless you believe at conspiracy theories there no such thing as "banned worldwide".

"But you said 'fiat digital money will be used worldwide.', so this means you are contradicting yourself!!!"

There is no contradiction because, I believe at conspiracy theories and under such hypothetical world I believe we are living at, where conspiracy theories are true, making it fiat WORLDWIDE, is a valid thing.

Most crypto where we will reach the last coin at a very distant future is basically this, Yet I see people complaining about 100% premined (like nxt, not like ripple) coins all the time.

Wait a minute, I assumed satoshi was Chris Larsen or someone involved with him.

There is clam, where any person that has more than 0 bitcoins at block 300,377, Litecoin at block 565,693, or Dogecoin at block 218,556 was given ~4.6 CLAM. 

The problem it is inflationary, and if I remember every minute an miner get get some amount close to 4.6 CLAM, so you can almost double the amount of clams you have compared to other starters by by mining once.

I need to research more about tau, BUT does proof of transaction means that if an wallet X send Y coins to another wallet, Y stakes will be added to wallet X?

This could lead to problems like guy sending coins from wallet X to wallet Z and then from wallet Z to wallet X and then from wallet X to wallet Z and this goes on and on and on.... You problably tried to make some changes to stop this and other problems, but my question is:

Why not just make it proof of transactions fees, instead of proof of transactions? Its very close to proof of transaction and solves alot of problems.

An shitty "shower idea" but:

To mine you must send coins to place X and the coins that are there at this place since 1 month ago are the stake (so coins must stay there 1 month to become stake). But unlike proof of burn, you receive your coins back after 3 months (ps: your coins there, are the stake so your stake will be reduced) .

At the first 4 months ALL coins are mined by normal proof of stake (or maybe there is some sort of IPO or proof of burn IPO to distribute ALL the coins and some% of those coisn go to the place X and stay there 3 months as stake before going back to your wallet).

At the start of month 5, the system calculate the amount of coins that are at place X of all wallets since at least 1 month ago, and then discover that those Y coins are Z% of all coins.

Now the system has this info: Y coins are Z% of all coins. So all the coins at place X of all wallet at least since 1 month ago are Z% of all coins.

At the start of of next month, it finds what  the amount of coins at place X of all walled since at least 1 month ago are W, and it does the question, how much I need to increase the market cap to those W coins represent Z% of all coins. After this math its made it finds how much the market cap needs to be increased (all those extra coins will be given gradually during the next month) or how much the market cap need to be decreased (a% of transaction fees will be destroyed until the market cap is reduced to the needed amount or the month ends).

The same math is made at the start to every month, trying to make the coins at place X of people wallets since at least 1 month ago, be always Z% of all coins.


The system self correct the amount of coins based at the amount of coins being used as stake. If someone dump the coins, the amount of coins will decrease because the guy will need to sent them to place X and will take at least one month of them being there to make those coins being used at the math that decide how the max amount of coins need to be. This means the max amount of coins will decrease and with less supply the price of each coin will increase.

They don't indulge themselves in transactions because they don't need to here he would need.

There even an already existing case, called proof of burn, where people send coins to a wallet X and the total amount of coins they ever sent there are their stake. From the point of view of "I wont spend my coins because I  am a  miner" this is even worse, because at least, at proof of transaction fees, the transaction fee has a dual purpose (work as a normal transaction fee too).



I think I see what you are talking about, at least with POS, to mine POS the user need to not spend his money during the period he want to mine, but to then be able to mine when proof of transaction fees era start, he would need to have money spend with transaction fees. Some would not want to mine with stake because if they do, their wont be able to spend their money at transaction fees and have less "Mining power" at start of proof of transaction fees part.
Well, one thing those guys could do is just spend all those not spent money with transactions fees while doing an transaction fees to an alternative wallet they have, they would by doing that, "get their mining power back".

Thinking about it, this could be done manually, with info found at some of the normal sites.

Assuming you want to compare nxt and will use Dollar (january first 2014) as the guideline, you can do this:

First, you look at some normal site and find that:
1 Dollar (january first 2014)  = 1*X dollars (january first 2015)
1 Dollar (january first 2014)  = 1*Y dollars (january first 2016)
1 NXT (january first 2014) =  Z Dollars (january first 2014)
1 NXT (january first 2015) =  W Dollars (january first 2015)
1 NXT (january first 2016) =  N Dollars (january first 2016)


Based at all that info, then you calculate and find the value you want, as some example to find the value of NXT (january first 2015) you would do:
1 NXT (january first 2015) =  (W Dollar (January first 2015)) / X

Assuming you want to find the value of NXT (january first 2016) you would do.
1 NXT (january first 2016) =  (N Dollar (January first 2016)) / Y

Thats EXACTLY what I want.

This site was specifically what I was not asking for.

At this site (and all other sites I know), if I try to look at the price of ETH (at the day X), it will show its value converted BTC (value at the day X), then if I look the value of ETH at day X+1 it will show the its value converted to BTC (value at the day X+1).

The thing is what if the value of ETH at day X+1 is the same value as the value of ETH at day X, but the value of BTC decreased 1%, this decrease will increase the value the site will show for ETH price, because its comparing to this decreased bitcoin value. At the end by showing coin A  price at the day X converted to coin B price at SAME DAY X, it creates some unwanted interdependence with coin B price changes when looking at the price of coin A over time.

Is there a site showing the price of crypto coins over time compared to the value of btc or dollar at a specific day?

There are alot of sites where you can look how the price of some coin changed over time, but when the site compares the value of some coin X, to the value of dollar or btc, it compares to the value dollar/btc at same day X.

So what if I wanted to compare lets say how much the value (or market cap) of NXT increased or decreased over time in BTC (January 1st 2014 bitcoin value), is there any site that allows me to see that info?

EDIT:

To those unsure what I want, this is how it would be done (and can be done) if it was done manually:

Assuming you want to compare nxt and will use Dollar (january first 2014) as the guideline, you can do this:

First, you look at some normal site and find that:
1 Dollar (january first 2014)  = 1*X dollars (january first 2015)
1 Dollar (january first 2014)  = 1*Y dollars (january first 2016)
1 NXT (january first 2014) =  Z Dollars (january first 2014)
1 NXT (january first 2015) =  W Dollars (january first 2015)
1 NXT (january first 2016) =  N Dollars (january first 2016)


Based at all that info, then you calculate and find the value you want, as some example to find the value of NXT (january first 2015) you would do:
1 NXT (january first 2015) =  (W Dollar (January first 2015)) / X

Assuming you want to find the value of NXT (january first 2016) you would do.
1 NXT (january first 2016) =  (N Dollar (January first 2016)) / Y

Depends what kind of ico.

Proof of burn ico is definitally not scam.
"Smallest amount of coins you had at your wallet during the last X months" ico, is also not an scam.
Proof of hold ico is also not an scam.

Trying to imagine how the cryptocurrency ecosystem would work, if markets were not allowed to tell/calculate the coin value and you were not able to see or tell the buy order and sell order prices....

You forgot proof of burn. The biggest one after pow, pos or proof of stake time.

Also:
Proof of storage/space can be split into two types.

Proof of storage and proof of storage with dual purpose (those are usually just called proof of storage).

At the first, the allocated space is only used to do the mining.
At the second one real files are shared, and those files are the stake.

One of the points proof of storage is a mix of free and not free mining, assuming you mine only when you are using your computer for others, you can mine for free since people will always have some unused HD space at their computer. Those guys will help secure the network for free.
BUT, with the dual purpose proof of storage, you have a problem that the mining require bandtwitch if someone tries to download something from your computer, it also require file duplication or that miners leave their computer online, crippling one of the points I said earlier about proof of storage.
I only posted this explanation to show those 2 types of proof of storage have real difference.

The post is about removing the type of tax called income tax, not about reducing taxes, if income tax is 30% of the money the government make, and it cease to exist, they can increase other types of taxes to make up for this 30% loss