Bitflate - crypto with inflation

[dnprock]

Hi everyone,

I wrote a new post about deflation.

The Coronavirus and A Deflationary Crisis
https://bitflate.org/post/2020/04/11/the-coronavirus-and-a-deflationary-crisis.html

This is why I think we need the Bitflate experiment with inflation.

[dnprock]

Twitter has reminded me that @bitflate account is 1-year-old. It's been a fun ride. Follow me on Twitter for more updates:

https://twitter.com/bitflate/status/1250599403884212224

[dnprock]

The Bitflate blockchain has reached 100k blocks!

Block: 100k
Supply: 5 million

100k block:
https://explorer.bitflate.org/block/00000000000001e34e2bfd8eaed52bbff3e81b6340bb350594f7d3aaad1ac1b2

Reminder: Bitflate reward will halve from 50 to 25 at 210k blocks (~10 million coins). It is designed to give more coins to early adopters. Still plenty of time to get coins before we reach 10 million coins.

0: 50 (~10 million)
1: 25 (~15 million)
2: 12.5 (~18 million)
3: 6.25 (end of halving)
4: 6.56 (start of inflation 7%)
5: 7.02
6: 7.51
7: 8.04
8: 8.60
9: 9.20
10: 9.85 (30 million)

We will not see the 50-coin block reward in more than 30 years.

I modeled the reward schedule in this sheet: https://docs.google.com/spreadsheets/d/1tdRWdqc0I9uMASXp-zY8TnVhoiTJUd-NIEnQrAl_3Lg/edit#gid=0

[dnprock]

Hi everyone,

I wrote a new article about the role of inflationary cryptocurrency in this crisis. Here's the discussion post:

We Need Inflationary Cryptocurrency
https://bitcointalk.org/index.php?topic=5243786.0

[dnprock]

The Bitflate blockchain has reached 110k blocks!

Block: 110k
Supply: 5.5 million

110k block:
https://explorer.bitflate.org/block/0000000000000917d93fd5e883bd53c2be045c084fd98e8f6aa0acb1fd7240fd

Reminder: Bitflate reward will halve from 50 to 25 at 210k blocks (~10 million coins). It is designed to give more coins to early adopters. Still plenty of time to get coins before we reach 10 million coins.

0: 50 (~10 million)
1: 25 (~15 million)
2: 12.5 (~18 million)
3: 6.25 (end of halving)
4: 6.56 (start of inflation 7%)
5: 7.02
6: 7.51
7: 8.04
8: 8.60
9: 9.20
10: 9.85 (30 million)

We will not see the 50-coin block reward in more than 30 years.

I modeled the reward schedule in this sheet: https://docs.google.com/spreadsheets/d/1tdRWdqc0I9uMASXp-zY8TnVhoiTJUd-NIEnQrAl_3Lg/edit#gid=0

[coronga]

The Bitflate blockchain has reached 110k blocks!

Block: 110k
Supply: 5.5 million

110k block:
https://explorer.bitflate.org/block/0000000000000917d93fd5e883bd53c2be045c084fd98e8f6aa0acb1fd7240fd

Reminder: Bitflate reward will halve from 50 to 25 at 210k blocks (~10 million coins). It is designed to give more coins to early adopters. Still plenty of time to get coins before we reach 10 million coins.

0: 50 (~10 million)
1: 25 (~15 million)
2: 12.5 (~18 million)
3: 6.25 (end of halving)
4: 6.56 (start of inflation 7%)
5: 7.02
6: 7.51
7: 8.04
8: 8.60
9: 9.20
10: 9.85 (30 million)

We will not see the 50-coin block reward in more than 30 years.

I modeled the reward schedule in this sheet: https://docs.google.com/spreadsheets/d/1tdRWdqc0I9uMASXp-zY8TnVhoiTJUd-NIEnQrAl_3Lg/edit#gid=0

So good, crypto have inflation but is controled ETF is printing billion of fiat money and crypto we know all the amount that is being created and circualting, well done for bringing that.

[dnprock]

Hi everyone,

More people are discovering Bitflate. Check out this thread on Twitter.

https://twitter.com/JacobBarnette/status/1264595838992605185

 

[dnprock]

Mining Update. The Bitflate blockchain has reached 120k blocks!

Block: 120k
Supply: 6 million

120k block:
https://explorer.bitflate.org/block/00000000000001fe6f9fd500d2d83313656c98f643b3f9bf16c7473b6630298b

Reminder: Bitflate reward will halve from 50 to 25 at 210k blocks (~10 million coins). It is designed to give more coins to early adopters. Still plenty of time to get coins before we reach 10 million coins.

0: 50 (~10 million)
1: 25 (~15 million)
2: 12.5 (~18 million)
3: 6.25 (end of halving)
4: 6.56 (start of inflation 7%)
5: 7.02
6: 7.51
7: 8.04
8: 8.60
9: 9.20
10: 9.85 (30 million)

We will not see the 50-coin block reward in more than 30 years.

I modeled the reward schedule in this sheet: https://docs.google.com/spreadsheets/d/1tdRWdqc0I9uMASXp-zY8TnVhoiTJUd-NIEnQrAl_3Lg/edit#gid=0

[Exadro]

Mining Update. The Bitflate blockchain has reached 120k blocks!

Block: 120k
Supply: 6 million

120k block:
https://explorer.bitflate.org/block/00000000000001fe6f9fd500d2d83313656c98f643b3f9bf16c7473b6630298b

Reminder: Bitflate reward will halve from 50 to 25 at 210k blocks (~10 million coins). It is designed to give more coins to early adopters. Still plenty of time to get coins before we reach 10 million coins.

0: 50 (~10 million)
1: 25 (~15 million)
2: 12.5 (~18 million)
3: 6.25 (end of halving)
4: 6.56 (start of inflation 7%)
5: 7.02
6: 7.51
7: 8.04
8: 8.60
9: 9.20
10: 9.85 (30 million)

We will not see the 50-coin block reward in more than 30 years.

I modeled the reward schedule in this sheet: https://docs.google.com/spreadsheets/d/1tdRWdqc0I9uMASXp-zY8TnVhoiTJUd-NIEnQrAl_3Lg/edit#gid=0

where is the mining pool for this coin? I see this coin is in Coingecko, but only has a value of 1satoshi and that too in the Unamed market. This is very unfortunate

[dnprock]

where is the mining pool for this coin? I see this coin is in Coingecko, but only has a value of 1satoshi and that too in the Unamed market. This is very unfortunate

I use mining-dutch pool.

https://www.mining-dutch.nl/

There's another pool.

http://bitflate.cminors-pool.com/

[dnprock]

Mining Update. The Bitflate blockchain has reached 130k blocks!

Block: 130k
Supply: 6.5 million

130k block:
https://explorer.bitflate.org/block/0000000000000433e27d4f4798ac36cf7be34d4896ad05c36db15ee791e956c0

Reminder: Bitflate reward will halve from 50 to 25 at 210k blocks (~10 million coins). It is designed to give more coins to early adopters.

[dnprock]

The Bitflate blockchain has reached 140k blocks!

Block: 140k
Supply: 7 million

140k block:
https://explorer.bitflate.org/block/000000000000006db9b8274bc5a78269be6fd33755b6770eed99ff918ba6a9e3

Reminder: Bitflate reward will halve from 50 to 25 at 210k blocks (~10 million coins). It is designed to give more coins to early adopters.

[dnprock]

Hi Bitflate users,

There's a new release of Bitflate Core client v0.20.0. You can download and upgrade your client here:

https://bitflate.org/post/2020/07/25/bitflate-binaries-v0.20.0.html

[bunterfisch]

BFL is now listed on unnamed.exchange
https://www.unnamed.exchange/Exchange?market=BFL_BTC

[dnprock]

The Bitflate blockchain has reached 150k blocks!

Block: 150k
Supply: 7.5 million

150k block:
https://explorer.bitflate.org/block/000000000000010393918248c58261b575e3729ff3404975ff1347e32b437981

Reminder: Bitflate reward will halve from 50 to 25 at 210k blocks (~10 million coins). It is designed to give more coins to early adopters.

[dnprock]

The Bitflate blockchain has reached 160k blocks!

Block: 160k
Supply: 8 million

160k block:
https://explorer.bitflate.org/block/0000000000000339f3472b5646cbf5690d34ab5fbe82fcf3a55d0c3d6119708f

Reminder: Bitflate is a crypto with 7% inflation. But for the first 3 epochs, rewards will halve. The first halving is from 50 to 25 at 210k blocks (~10 million coins). It is designed to give more coins to early adopters.

[dnprock]

The Bitflate blockchain has reached 170k blocks!

Block: 170k
Supply: 8.5 million

170k block:
https://explorer.bitflate.org/block/000000000000078017e9f032630854fd34d2c84b8c25d997c34cd7c266df9a75

Reminder: Bitflate is a crypto with 7% inflation. But for the first 3 epochs, rewards will halve. The first halving is from 50 to 25 at 210k blocks (~10 million coins). It is designed to give more coins to early adopters.

[dnprock]

Hi everyone,

I wrote an analysis of cryptocurrency from the Yi Ching point of view. Yi Ching is an ancient Chinese philosophy. I think it can inform us of design tradeoffs for cryptocurrency.

https://bitflate.org/post/2020/08/24/yi-ching-and-cryptocurrency.html

Bitcoin is deflationary. This property makes Bitcoin volatile. Yi Ching points us to a way to address this shortcoming: inflation. This is an inspiration for me to design Bitflate, a cryptocurrency with 7% inflation.

[dnprock]

The Bitflate blockchain has reached 180k blocks!

Block: 180k
Supply: 9 million

180k block:
https://explorer.bitflate.org/block/000000000000070477546e34b992c8c3ed0373ff1b6ada00d8fd7da083e23853

Reminder: Bitflate is a crypto with 7% inflation. But for the first 3 epochs, rewards will halve. The first halving is from 50 to 25 at 210k blocks (~10 million coins). It is designed to give more coins to early adopters.

[dnprock]

Hi everyone,

Bitflate is listed on Coinlore. Check it out if you want to trade your BFL coins. As always, please do your own research.

https://www.coinlore.com/coin/bitflate

Thanks.