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IMHO, The cryptocurrency "Hex" has the best inflationary mechanism. First side note, Proof-of-work isn't dead, but it should be. Proof-of-stake is vastly super
by jrm4 2y ago
IMHO, The cryptocurrency "Hex" has the best inflationary mechanism.
First side note, Proof-of-work isn't dead, but it should be. Proof-of-stake is vastly superior (return isn't based on how much electricity you burn, but by putting up risked collateral and running that)
So, Hex. You stake/invest/lock up your coins for a fixed period of time, and the system gives you more back at the end of the term at a fixed percentage; like how so many financial products are supposed to work.
And even better, all "penalties" (e.g. you end stake too early or late) go back to the "on-time" stakers as a bonus.
(yeah, the founders a weirdo but what can you do)
- wmf 2y agoAre we talking about the Hex that's down 99%? Doesn't look like stable inflation to me.
- jrm4 2y agoYup, another fair point. Such is crypto.
- kkielhofner 2y ago“Weirdo” is an interesting take. Richard Heart has been charged by the SEC for the usual crypto scam stuff and spent many months dodging subpoenas. Charges and subpoenas need their day in court of course but it reads like the quintessential crypto story of embezzlement, fraud, etc for a guy to flash Veblen goods on social media.
- jrm4 2y agoFair take, but I strongly bet he'll beat these charges. The Veblen stuff is interesting game theory actually. He's explained in detail that it's all strategy; he gave millions to charity but no one paid attention, so he's trying that. Obviously I'm not guaranteeing anything, but I find his IRL strategies more interesting and compelling than any theory I've seen. Enough to put real, but not significant, money in.
- JohnFen 2y ago> I strongly bet he'll beat these charges. He doesn't seem to agree with you or he wouldn't be dodging subpeanas.