1111% is a bit drastic don't you think. The amount of coins will multiply by more than 11x a year. There is no amount of development that could fund improvements to counteract the drop in value especially because the price will drop before anything has a chance to be developed. How many times do you see an improvement for a coin cause the price to rise 11x? Never? rarely? It would never balance out it is a losing proposition.
just saying. I suppose we don't have much to lose since most silk holders only have a few hundred $$$$ invested at current price but I thought we were on track with just the voting system to support development and and attract new people to silk.
I don't think 1111% is too drastic. Don't want to talk about other coins here, but Hyperstake has 750% and it is doing quite well in the 2 months it has been active. So as long as it is managed well it will work fine.
It is possible 1111 could work.. again yes as long as it would be managed properly and have a use. The silkweaver could be that use. But is not complete.
At 1111 we would quite easily increase supply to billions.. If there is a timely use would make sense.
111 is perhaps a more sensible choice and may just be a nice sweet spot.
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