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Question: Do we need to limit the coin to 100 Billions?  (Voting closed: April 21, 2014, 11:21:33 PM)
Yes - 219 (77.1%)
No - 65 (22.9%)
Total Voters: 284

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Author Topic: Do we need 100 Billions capacity?  (Read 4855 times)
flappycoin (OP)
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February 20, 2014, 11:21:33 PM
 #1

Many flappers asked me about the capacity of Flappycoin.
At the current version (1.0.0.2), we will keep mining 10,000 FLAP per block forever since block 600,000th (~1.5 year from now) just like Dogecoin.
I'm putting a poll up here and let the community decides if we need a Capacity at 100,000,000,000 (100 Billions) or we just let it go on forever?

  • Poll will be closed 60 days from now.
  • We may have a fork at block 100,000th if the community decides to cap at 100 Billions coin
  • Result will only be showed after voting is completed.
  • You may change your vote at anytime you like.
BayAreaCoins
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February 21, 2014, 12:26:24 AM
Last edit: February 21, 2014, 09:31:22 AM by BayAreaCoins
 #2

60 days is way to long. The hot mining will be the first 50 days... but hell I guess we shall see. Tyvm for the poll! At least it makes it interesting!4

Free coins for voting! Same for DOGE people too (but FLAP tips, flap is new tipping currency!) lol

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oldmarsh
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February 21, 2014, 12:31:59 AM
 #3

Keep the cap.
Jeezy911
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February 21, 2014, 01:01:29 AM
 #4

Doge removes cap, Doge dies.

moko666
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February 21, 2014, 01:05:23 AM
 #5

Doge removes cap, Doge dies.
Dogecoin is inflationary. It does not has a cap.
Acidyo
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February 21, 2014, 01:11:04 AM
 #6

Doge removes cap, Doge dies.

The complete opposite my friend, this is what will save doge from the rest of the coins.

Yes, even BTC, LTC. Mark my words.
oldmarsh
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February 21, 2014, 01:13:57 AM
 #7

Doge removes cap, Doge dies.

The complete opposite my friend, this is what will save doge from the rest of the coins.

Yes, even BTC, LTC. Mark my words.

LOL!
coolmist
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February 21, 2014, 01:14:50 AM
 #8

Many flappers asked me about the capacity of Flappycoin.
At the current version (1.0.0.2), we will keep mining 10,000 FLAP per block forever since block 600,000th (~1.5 year from now) just like Dogecoin.
I'm putting a poll up here and let the community decides if we need a Capacity at 100,000,000,000 (100 Billions) or we just let it go on forever?

  • Poll will be closed 60 days from now.
  • We may have a fork at block 100,000th if the community decides to cap at 100 Billions coin
  • Result will only be showed after voting is completed.
  • You may change your vote at anytime you like.

I'm not a member of your community but have you considered reducing the block-time to less than 25 seconds? Is there a real reason to raise the cap aside from a psychological advantage?
Jeezy911
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February 21, 2014, 01:15:55 AM
 #9

Doge removes cap, Doge dies.

The complete opposite my friend, this is what will save doge from the rest of the coins.

Yes, even BTC, LTC. Mark my words.

So it's a complete coincidence that the value has dropped significantly and never recovered since inflation solution was implemented? Don't do it, infinity is not a good strategy in crypto.

BayAreaCoins
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February 21, 2014, 01:27:31 AM
 #10

Doge removes cap, Doge dies.

The complete opposite my friend, this is what will save doge from the rest of the coins.

Yes, even BTC, LTC. Mark my words.

*waves magic wand to send back to Reddit*

I would make a large bet that the majority of people who bought DOGE early on wouldn't have bought DOGE had Jackson/Billy be clear about that. That was a sneak ass marketing campaign and Jackson thinks it was ok because he never actually sold anything... just led people to believe their coin was special when it really isn't.

Who knows maybe I am mistaken, but every time someone pitches BTC to me the "Only be 21 million" is a huge highlight...

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BayAreaCoins
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February 21, 2014, 01:28:30 AM
 #11

Keep the cap.

THERE IS NO CAP RIGHT NOW! It is fancy lingo from DOGE that Jackson used after the joke got taken serious by someone somewhere.

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alexrey
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February 21, 2014, 02:13:57 AM
 #12

Doge removes cap, Doge dies.

The complete opposite my friend, this is what will save doge from the rest of the coins.

Yes, even BTC, LTC. Mark my words.

So it's a complete coincidence that the value has dropped significantly and never recovered since inflation solution was implemented? Don't do it, infinity is not a good strategy in crypto.

Maybe if Doge dropped out on the top 10 rankings on Coin market cap but still Dogecoin is at #5 currently.

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February 21, 2014, 02:18:09 AM
 #13

I would recommend capping at 100 billion, If there is unlimited source of flappycoin, why would I even bother from buying someone else. Yes, It will take much longer for me to mine a large amount but some people are willing to wait and less transactions on exchanges, overall negative for the community, trading of Flappy hands wise. People will lose their FLAP in the long run, hard drive failure, ect.. so take and value your Flappy Coin for safe keeping!
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February 21, 2014, 02:29:12 AM
 #14

We need a cap, otherwise (in my opinion) the coin will be worthless, i mean if we have 1 Trillion of the coin, whos gonna want it..
BayAreaCoins
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February 21, 2014, 03:14:24 AM
 #15

Why would anyone buy more of something that they know there will be endless numbers of? ....

Greed. In hopes that other retards buy more of that shit too.

With a market cap you buy because you are special and that is your section of that market.

Sell DOGE and buy FLAP. FLAP has a better chance of a cap and hopefully the OP sees the potential along with the mining power.

HARD FORK

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February 21, 2014, 03:29:28 AM
 #16

I don't really care as I won't be mining it, but I think keep the cap. At least in most people's minds, a limited amount of something is more valuable.
hostmaster
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February 21, 2014, 07:08:41 AM
 #17

hard to decide really. short term or long term benefits more important.
zeukin
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February 21, 2014, 08:09:51 AM
Last edit: February 21, 2014, 11:28:26 AM by zeukin
 #18

Unlimited amount for long term. It will not make flappy worthless.

Quote
The complete opposite my friend, this is what will save doge from the rest of the coins.

Yes, even BTC, LTC. Mark my words.

Second this.
Sumpfbiene
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February 21, 2014, 08:55:19 AM
 #19

Keep the cap

BayAreaCoins
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February 21, 2014, 09:30:37 AM
 #20

FLAP

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