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Author Topic: All altcoins need this formula  (Read 1373 times)
monsterer
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November 09, 2015, 10:07:41 PM
 #21

And why is this a problem?

Because you can only lower the price with that formula. That does not give you control over stability in a bear market.
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Mercado
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November 10, 2015, 04:57:10 AM
 #22

And why is this a problem?

Because you can only lower the price with that formula. That does not give you control over stability in a bear market.

There are however options to reduce the amount of coin supply by burning the transaction fee, such as with Paycoin...
In that case you can create transactions with selective higher fee which burns x amount of coin in the sense that they are destroyed for real

Cheers, Mercado

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monsterer
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November 10, 2015, 08:34:58 AM
 #23

There are however options to reduce the amount of coin supply by burning the transaction fee, such as with Paycoin...
In that case you can create transactions with selective higher fee which burns x amount of coin in the sense that they are destroyed for real

Cheers, Mercado

That's totally unrelated to the OP, though. In any case, who would selectively raise their own transaction fee?
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November 10, 2015, 08:44:36 AM
 #24

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It wont work. In order to control the price you need to be able to reduce supply as well as increase it. This just alters inflation.

And what is the problem?

Highlighted the problem

Was referencing to the discussion on the previous page... No intention to be irrelevant to the OP...

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