|
Zzzack
|
 |
February 27, 2014, 03:47:01 PM |
|
Miners will still mine for transaction fees.
But we don't want the currency to be deflationary imo. We need a currency to be deflationary so that it has this idea of rarity and attracts initial investors. <---But this point is moot if we lose investors because the coin couldn't be a usable currency. Doge set a 5% inflation rate in an attempt to be a usable currency in the future. I think 5% is an arbitrary number that is too high. I think we should use a different, lower arbitrary number (such as 1%) that will make up for lost coins so that supply isn't inevitably going to decrease every year (and it provides additional mining incentive which is always good). Mining incentive and community are the most important value-adders for a currency. |
Producer
|
|
|
|
|
|
|
|
|
|
"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
BayAreaCoins
Legendary
 Offline
Activity: 3920
Merit: 1244
Owner at AltQuick.com & FreeBitcoins.com
|
|
February 27, 2014, 07:18:32 PM |
|
Miners will still mine for transaction fees.
But we don't want the currency to be deflationary imo. We need a currency to be deflationary so that it has this idea of rarity and attracts initial investors. <---But this point is moot if we lose investors because the coin couldn't be a usable currency. Doge set a 5% inflation rate in an attempt to be a usable currency in the future. I think 5% is an arbitrary number that is too high. I think we should use a different, lower arbitrary number (such as 1%) that will make up for lost coins so that supply isn't inevitably going to decrease every year (and it provides additional mining incentive which is always good). Mining incentive and community are the most important value-adders for a currency. \ It isn't 5%.... It is 5.25 billion for ever. DOGE inflation has nothing to do with %'s |
|
|
|
|
Zzzack
|
|
February 27, 2014, 07:23:34 PM |
|
Miners will still mine for transaction fees.
But we don't want the currency to be deflationary imo. We need a currency to be deflationary so that it has this idea of rarity and attracts initial investors. <---But this point is moot if we lose investors because the coin couldn't be a usable currency. Doge set a 5% inflation rate in an attempt to be a usable currency in the future. I think 5% is an arbitrary number that is too high. I think we should use a different, lower arbitrary number (such as 1%) that will make up for lost coins so that supply isn't inevitably going to decrease every year (and it provides additional mining incentive which is always good). Mining incentive and community are the most important value-adders for a currency. \ It isn't 5%.... It is 5.25 billion for ever. DOGE inflation has nothing to do with %'s you're right. so it is still deflationary. And, 1 million Flap a year is what I meant I wanted. |
Producer
|
|
|
mmbai83
Newbie
Offline
Activity: 23
Merit: 0
|
|
March 02, 2014, 01:51:33 AM |
|
Yes we do if one looks at the different cryptos the ones that have a cap are more valuable. If the coin keeps being mined infinitely then there is no reason to leave fiat money.
|
|
|
|
|
124C41
Sr. Member
Offline
Activity: 308
Merit: 250
EVERYTHING YOU CAN IMAGINE IS REAL
|
|
March 02, 2014, 08:56:33 AM |
|
 Scroll to the top of the thread and cast your vote |
Whether you think you can, or you think you can't - you're right.
BTC: 1Ex3zmaHoqbMBUWQVcG7kdTCktyng7Ld9M LTC: Lhrp8G9EjoyKCqKAmtuprUcV9KvqZQKAfk
|
|
|
|
WaffleMaster
|
|
March 05, 2014, 10:56:14 PM |
|
Keep the cap and we'll all FAP to how high we can go with FLAP. FORK ME HARD BABY!!
|
|
|
|
|
|
qiwoman
|
|
March 06, 2014, 06:00:53 PM |
|
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!
WE NEED TO CAP..There are already tons of coins on the market already and if we alone have gaziillions of never ending flappy's then we are just like fiat and we go down more and more in value. DOGE COIN WAS a fluke that works but copy cats don't make it and DOGE won't rise much mroe in value and now with Reddcoin it is actually dropping so best make a cap. Miners are making a ton from it as it is dumping so much coin cheapo. Let us small time investor folks also make a little bit of pocket change, let the value of it grow for us too. Just my 2 flaps.  |
|
|
|
|
greentea
Legendary
Offline
Activity: 1418
Merit: 1002
|
|
March 08, 2014, 02:07:24 AM |
|
You need to cap it ... maybe even less than 100 billion like 50 if you can.
That'd surprise everyone and will spike interest.
|
|
|
|
1369
Legendary
Offline
Activity: 1623
Merit: 1067
|
|
March 08, 2014, 02:09:26 AM |
|
You need to cap it ... maybe even less than 100 billion like 50 if you can.
That'd surprise everyone and will spike interest.
9 billion Trollcoins is more than enough. |
|
|
|
Seefude
Full Member
Offline
Activity: 196
Merit: 100
We're all good at something, no1's good for nothin
|
|
March 11, 2014, 08:50:04 AM |
|
Cap it, in honor of how the game got capped!
|
|
|
|
|
Zzzack
|
|
March 11, 2014, 10:10:14 PM |
|
I want 1 billion flaps per year no matter what!!
|
Producer
|
|
|
ds07104com
Member
Offline
Activity: 95
Merit: 10
|
|
March 14, 2014, 02:30:49 AM |
|
I want 1 billion flaps per year no matter what!!
I agree with you! Now the huge yield per day (nearly 0.6 billion) almost killing the flap. Unrestrained production is not a good thing. |
|
|
|
|
|
Poll
