Absolutely Sure , at our # of coins 35,959,616,747
Compared Maximum Yearly Rates
5% = 1797980837.35 per year = 4,925,974 coins per day
1% = 359596167.47 per year = 985,194 coins per day
Ultra Low Inflation
.0005% = 179798 per year = 492 coins per day
For
ZEIT to reach 1 penny and stay there, the economy has to be able to absorb our daily inflation
@5% , we need $.01 * 4,925,974 = $49,259.74 of Fiat influx every day
@1% , we need $.01 * 985,194 = $ 9,851.94 of Fiat influx every day
@.0005% , we need $.01 * 492 = $ 4.92 of Fiat influx every day
(Our Price per coin will rise at the Ultra low rate of .0005%, our price per coin will continue a downward spiral at higher %.)
We have been @5% for a few weeks, and all we are doing is struggling to hold ~$200,000 marketcap.
BTC is making less than 2000 coins per day and their number drops in half in 2020 to less than a 1000 per day.
Their Price is rising.
This inflation problem is why no PoS coin has come close to reaching BTC, we all keep treating Proof of Stake like it is an interest bearing account.
It is not, interest bearing accounts work by charging a higher interest rate to someone else and paying out a smaller rate to account holders.
All that happens when we pay out millions of coins per day is it pulls directly from our Marketcap $ amount, it has no other source of income to pull from.
I am being brutally honest here, There is no way to sugar coat it, We either make this change to Ultra Low Inflation or our coin will be dead within 2 years.
We go Ultra Low ,
We Survive & Prosper , We try to keep paying out interest rates like a bank account , we die.
Which is why the poll at the top was not even close. The Majority chose Life and Prosperity for
ZEITOnce our transactions volume numbers pick up, most people that are staking will make more money from transaction fees, than they do from staking.
Also with the updated specs, all of your coins will be eligible to stake every day, which will massively increase our network security and make us more attractive to the bigger players that value security over everything else.
FYI: By moving to ultra low inflation, our coin pricing will easily support between $.01 and $1 market price in time .
@.0005% , we need $ .01 * 492 = $ 4.92 of Fiat influx every day
@.0005% , we need
$1 * 492 = $ 492.00 of Fiat influx every day
Poll
