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If you seriously think changing the generation rate is going to give the coin value, then you're delusional. You can't give value to something that's worthless to begin with, and it's worthless because you can't SPEND it.
Thank God for simple math equations which tell you exactly what's needed to increase the value of a currency.
Yes, even a crypto currency.
Here it is, free of charge [this time].
Currency Value = Transaction Volume/Velocity + 1/Supply
Look at that, it doesn't get easier than that. And yes, you need to increase services which then increases the Transactions volume but look at the denominator where it says, supply; AMAZING, if you decrease that number the value of the currency increases as soon as demand or tx volume increases.
Now which variable is the easiest and cheapest to control in that equation; getting everyone to use DGC or changing one line of code? This is not a trick question.
How about doing that now (lowering the denominator - the supply) since it's free to do and will have a massive impact later on? I know, genius idea!
So while the devs work on increasing the transaction volume (mass adoption) why not ALSO kill the inflation/supply which, if ignored, will absolutely limit any real future upside potential this coin has.
Amazing eh, doing two things at once for optimal results? haha!
You're welcome!
The more I think about it the more I'm inclined to agree with Vlad, maybe we just need to cut the DGC supply right back for a bit even if DGC lose some miners in the process. The community can still provide a solid part of the hashrate though Scrypt ASICS etc to main the blockchain. Otherwise the price will struggle to come back up which is what we need if we want to make DGC more attractive to the commerce sector. Stores are not going to touch us if DGC is worthless. Also its not like you can't make re-adjustments to the mintrate again anyway if need be.
DGC has been around long enough too to say any such action is a ponzi scheme because the current entry price is ridiculously cheap and alot of investors like myself who bought alot of DGC at much higher prices last year have already lost substantial amounts of money if we sold up now.
Vlad might have said some crazy stuff in the past but also can make some very good calls. I remember him calling BTC to $1000+ when it was around $100 or so and everyone laughed including me. How wrong we were lol.
