Bitcoin inflation: 8% since last bubble

[EuroTrash]

I was reading the post seriously until I got to the unobtainium part.
I was already preparing to make the classic counterargument that the dollar supply has also inflated about a trillion (through debt) in the same time...

... and then bam! You pump your altcoin.

What a waste of my time.

Oh fuck off.

No... Just fuck off.

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[oda.krell]

I'm skeptical about altcoins in principle, but reserve to keep an open mind in case there's an interesting niche demand that appears to be served well by some alt.

That said, "unobtainium" (wow. much name. such clever.) must be the least inspired attempt at alt creation I've seen in quite a while. Basically, Litecoin, but with lower inflation - yeah, that looks like a real Bitcoin killer...

Seriously though, I strongly suggest you get out of it. Some alts, with a very well defined profile and a competent dev team, might make sense. Unobtainium doesn't.

[Ibian]

I've read all the posts. There's such a strong undercurrent of 'zero sum' -- Bitcoin or Unobtanium. Unobtanium bills itself as a commodity (as V500 repeatedly states, 'a store of wealth.') It has fewer features than many coins. Its market-cap is a tiny fraction of Bitcoin's, so it is accepted in fewer places than Bitcoin.

But it was designed for a specific task, and it performs that task superlatively well . In fact, it performs that task so well that the 'problem' we Uno guys have is that we all end up sitting at the kitchen table, dutifully discussing how we need to raise volume because crypto folk are so (reasonably, in most cases) focussed on volume, and this weird thing happens: no one wants to sell their Uno. It's rare as hen's teeth. It's gettin' rarer by the day. Demand for the coin is strong and constant.

People own and hold cryptos for various purposes; and if you think that it is reasonable to 'temper' your portfolio with, say, 10% of a coin that holds it value well, and will continue to do so, then . . . Unobtanium.

Mark (IndiaMkeZulu), Australia

Low inflation with steady price means that nobody is buying. What uno performs well at is being uninteresting.

[bitleif]

So summary of this thread: OP is spamming yet another shitty altcoin. This is against Speculation board rules, mods please remove.

[piramida]

... and then bam! You pump your altcoin.

What a waste of my time.

Oh fuck off.

No... Just fuck off.

Yep this. Don't even want to argue with flawed logic which misses the major part - that any coin needs inflation time issuing new coins to support the network while services are being built before transactional revenues kick in, and the OP thinks that since "it's internet" everything with his shitcoin will just magically appear out of thin air in 2 years, probably created by a group of altruistic billionaires

[smalltimer]

agree on bitcoin halving too slow for this time and age. Must have been created by an old man. It's pretty obvious now how badly it is flawed with 10% inflation far into the adoption-time. Bitcoin halving quicker would have been better for stability aswell. Gradual rewarddecrease like 1% every now and then would have been ideal. Halving in 4 year intervals is just slopy planning. 4 years halving is too long. Uno or not: another coin with less inflation and less volatility will come to help bitcoin, no doubt.
Hold some quark too. XPM has potential too once pumped to the sky. Even litecoin could be better since it halves sooner. Everything is better than inflating bitcoin right now.
It is shocking how even paypal doesn't have a positive effect. Panic-selloff in bitcoin will come pretty sure. It'll crash and burn. Alts that can hold value will take over.
If bitcoin crashes hard now, it will just be another altcoin - the one with the most butthurt community.

Bitcoin is a coin for miners to cash out on the noobs.

Be prepared for panic now drop to 200$ slide to 100$ - long stagnation and decline back to 50$ and lower. Even Doge is a serious threat to bitcoin now.
If we see a panic in bitcoin doge will take over as the first coin of all of them. Others will follow.
Bitcoin will still be Top 10 for some time. I am not the only one seeing it, but the cult-followers can't see it.

Basically, Litecoin, but with lower inflation

not even the same algo. You are talking out of your ass obviously. Seen you in monero-thrad. That's a shitty pumpcoin, oh boy.

[wormbog]

Bitcoin has a high inflation rate for a reason. Without it miners would have very little motivation to keep pushing up the hashrate. With low hashrate it's much easier to double spend or otherwise overpower the consensus mechanism. If UNO hasn't been attacked yet it's because it's not valuable enough to be worth the effort.

[piramida]

Bitcoin has a high inflation rate for a reason. Without it miners would have very little motivation to keep pushing up the hashrate. With low hashrate it's much easier to double spend or otherwise overpower the consensus mechanism. If UNO hasn't been attacked yet it's because it's not valuable enough to be worth the effort.

Good to see somebody with a brain here for a change! Most trolls here think that you just need to make a dumbcoin which completely mines in five days, and then support it with a single desktop GPU to compete with bitcoin. Fact is, bitcoin is here for five years and hashrate *still* grows exponentially meaning it's network is nowhere near completion