The 1% per year means the coin price only needs to rise 1% per year in order for your investment to not lose value. Compare with MINT, the price will have to rise 20% in first year for holders to break even due to higher coin inflation.
1% per annum coin inflation is a big positive feature of BlackCoin. There is no huge new supply of coins to be dumped. If someone wants the coins, they have to buy them at market rate.
Why would the price have to rise for me to break even? Math is hard, but the way I see it, the price of Mint can go down 20% and since I will have 20% more Mint after a year I will still breakeven after a 20% price drop. Why are you are saying the price needs to rise 20% for me to breakeven?
To keep same coin price a 20% inflationary coin has to rise by 20% otherwise the coin price drops. It is due to new coins being added to the supply. A coin with 1% inflation does not have this problem, only on a very tiny scale. If everyone always holds their coins it makes no difference. If everyone dumps their extra coins the price gets diluted downwards.
Colinfx well put. Too many people who mine and trade cryptocoins have a limited understanding of economics and inflation.
Bullshit. If I buy a million mintcoins for $1000 and after one year due to inflationary pressure the price we'll say is 20% lower. Now 1 million mitcoins is worth only $800. But I have 1.2 million mintoins due to POS minting! Explain to me how the price needs to rise 20% for me to breakeven? I can still sell my 1.2 million mintcoins for $1000! You guys are the ones with limited understandings....
Congrats, if the price dropped 20% while you having 20% more coins you made nothing. What a solid investment you did minus the time and power to keep your computer on. Hell, you lost money buy not having it in a bank and just general inflation for the world (which is at least 4%)
You lost time and effort and made no more then having cash stuck in your mattress.
If you have a deflationary currency, the longer you hold the more buying power it will retain. Inflationary currency loses pre unit value and thus buying power, and thus you have to keep getting more to stay at the same place you are.
come on dude settle down.
Hmm i i may add something.Mint:
1000$ sat price 20% drop 800sat
800$ sat price up 20% 960 sat Hmm you lost 40$ ups...If you try sell 20% of new coins as last man you will suffer that.
Point with low inflation is when you compare it to other coins,note that if you have only ONE coin in POS system there is no matter if you have 10% 100% 1000%
at the end of party all have same proportional amount.Funny part is here who will sell as last man he loose the most.
But real party is starting when you want keep price to OTHER coins eg in BTC.
then daily production of:
POS 1% BC - 2000 sat
~0,02 BTC/Day to buy all
POS 20% Mint (20700m)*20%/360 = ~11.5m day current price 20sat
~2.3 BTC/DaySame time eg POW coins like Doge needs ~500 BTC, LTC 4800 BTC if all new are selling.
Do you see that difference that now Mint needs 1000x more BTC than BC to keep price...
Next thing is of course demand BTC,LTC,Doge have shops which can give them demand imo...
In this case i would use 5s-10s BC in future than 10m/2,5m/1m coins BTC/LTC/Doge.
I just see that potential.
