4 ms·
The difference is the supply inflates exactly at 7% per year. Nobody can change its issuance rate. It's a fair game for everyone. I design a reward schedule tha
by dnprock 6y ago
The difference is the supply inflates exactly at 7% per year. Nobody can change its issuance rate. It's a fair game for everyone. I design a reward schedule that benefits early adopters:
0: 50
1: 25
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
While the supply is unlimited in the long-term, it is limited in the short-term by the inflation rate. The reason you want to hold it is speculation. With Bitcoin, people speculate on a Store of Value. With Bitflate, people speculate on a Medium of Exchange. There's a field of trading for currency. The market can adopt the coin faster or slower than the issuance rate. I wrote a post on the incentives:
https://bitflate.org/post/2019/11/01/economic-incentives-for-inflating-cryptocurrency.html https://bitflate.org/post/2019/11/01/economic-incentives-for...