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Assessing crypto problem is itself a problem. Vitalik maybe 10 times smarter than me. But his track record is poor. He hasn't really proposed a solution that is

Assessing crypto problem is itself a problem. Vitalik maybe 10 times smarter than me. But his track record is poor. He hasn't really proposed a solution that is worthy contribution to crypto. I have solutions to some of the problems he lists. 10. Stable-value cryptoassets 13. Proof of excellence My solution is to add inflation into supply. A percentage point inflation, not tail emission. Inflation will discourage HODL behavior and stabilize token price. It's not perfectly stable. But it'll be more stable, more efficient than DAI and its financial engineering on top of Ethereum volatile price. That solves #10. For #13, with inflation, we don't have to worry about bag holders. Everyone has incentive to drive the system. Otherwise, their tokens will worth less over time. I designed a crypto that can help bootstrap inflation. My solutions are simpler. I think they'll work. https://bitflate.org/post/2019/04/14/bitflate-cryptocurrency-with-constant-inflation.html https://bitflate.org/post/2019/04/14/bitflate-cryptocurrency...

woah 7y ago
At first glance, your coin looks like a copy and paste bitcoin clone with some tweaked parameters. If something like that was going to make a difference, I think we would have seen it happen in 2014 when a lot of copy and paste coins were being created. I was involved with Dogecoin back then. I advocated for inflation for the same reasons you want it. It has not led to Dogecoin having any great breakthrough in usage.
- dnprock 7y ago
  I'm glad to find someone who has the same idea. Crypto is very niche and specific. From start, I think each coin has a narrative. It'll be very hard to change that narrative. I think Dogecoin started out as a meme and fun coin. It currently has tail emission which is not really percentage inflation. Long-term, tail emission behaves like zero supply. Adding inflation to Dogecoin won't change its narrative. I don't think its community will be supportive of a change that devalues their bags and change its narrative. I want to create a chain that has inflation as its main feature. Its supply schedule is designed to bootstrap inflation. It looks like this: 0: 50 (supply: 10 million) 1: 25 (supply: 15 million) 2: 12.5 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 (supply: 31 million) The chain has 7% inflation. It is a fairly high rate. It's designed to break out of Store of Value and HODL narrative. In 2014, people were still attached to the idea of limited supply and Austrian economics. Maybe, in 2019, people will have second thought about Keynesian. If you still have interest in the idea, please reach out to me contact@bitflate.org.

woah 7y ago

At first glance, your coin looks like a copy and paste bitcoin clone with some tweaked parameters. If something like that was going to make a difference, I think we would have seen it happen in 2014 when a lot of copy and paste coins were being created. I was involved with Dogecoin back then. I advocated for inflation for the same reasons you want it. It has not led to Dogecoin having any great breakthrough in usage.

dnprock 7y ago
I'm glad to find someone who has the same idea. Crypto is very niche and specific. From start, I think each coin has a narrative. It'll be very hard to change that narrative. I think Dogecoin started out as a meme and fun coin. It currently has tail emission which is not really percentage inflation. Long-term, tail emission behaves like zero supply. Adding inflation to Dogecoin won't change its narrative. I don't think its community will be supportive of a change that devalues their bags and change its narrative. I want to create a chain that has inflation as its main feature. Its supply schedule is designed to bootstrap inflation. It looks like this: 0: 50 (supply: 10 million) 1: 25 (supply: 15 million) 2: 12.5 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 (supply: 31 million) The chain has 7% inflation. It is a fairly high rate. It's designed to break out of Store of Value and HODL narrative. In 2014, people were still attached to the idea of limited supply and Austrian economics. Maybe, in 2019, people will have second thought about Keynesian. If you still have interest in the idea, please reach out to me contact@bitflate.org.