dnprock

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121.
by dnprock 7y ago
Thanks! I think Bitflate can become a coin for transaction use case. It departs from the Store of Value narrative. Follow us on Twitter for updates. :)
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by dnprock 7y ago
Thanks. Dogecoin has a constant tail emission. As supply grows, the rate of new coin inflation shrinks. Dogecoin community rejects the idea that they have a compound (percentage) inflation. https://www.reddit.com/r/doge
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by dnprock 7y ago
I'm working on a heresy: a cryptocurrency with constant inflation. Most people in crypto dismiss the idea of inflation. It has been tried before. This time, I come up with a reward schedule to bootstrap inflation. And my crypto has inf
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by 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
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by dnprock 7y ago
Author here. While I think Bitcoin will not be a medium of exchange, I think it'll be an important Store of Value. I propose running a parallel blockchain with 7% inflation to be a digital currency, the "bad" currency.
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Bitcoin Will Not Be a Medium of Exchange(bitflate.org)
2 points by dnprock 7y ago|2 comments
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by dnprock 7y ago
Prime numbers are important in music. They're actually random. Repetition of this randomness makes music beautiful.
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by dnprock 7y ago
LOL. I can't stop. :) I'm not going down the path of personal attack. Vitalik is smart. He lacks self criticism and focus. I do hope he'll find success.
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by dnprock 7y ago
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
130.
by dnprock 7y ago
I consider myself fairly knowledgable with cryptocurrency. I create and run a crypto project myself. I read this post and maybe understand 10% of it. This is probably the rate of things I read from Vitalik. Either Vitalik is extremely smart
131.
Why Create a Cryptocurrency in 2019?(bitflate.org)
1 points by dnprock 7y ago|0 comments
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by dnprock 7y ago
Author here. I write this article to clear up the discussion about Ethereum prospect. There's a lot of hype and attack. I hope this analogy can help people find common ground.
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Ethereum and Computer Language(bitflate.org)
1 points by dnprock 7y ago|1 comments
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by dnprock 7y ago
Bitflate dev here. I've advocated for making a crypto with constant inflation. I think it's useful for transaction use case. It is a complementary crypto to Store of Value crypto. An inflating crypto is a good alternative to infla
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Inflating Crypto and Inflating Fiat(bitflate.org)
1 points by dnprock 7y ago|2 comments
136.
by dnprock 7y ago
Author here. Some of my thoughts on the future of crypto. I have a fairly different view from traditional crypto space. I think people focus too much attention on the tech, less on monetary policy. If we want to move the space forward, we n
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Emerging Markets of Cryptocurrencies(bitflate.org)
2 points by dnprock 7y ago|1 comments
138.
by dnprock 7y ago
I come from Eastern/Asian culture. I'm surprised to see Western culture swings. When I first got to live in Western culture, everyone was talking about equality as truth. There was equality everywhere: gender, income, race, marria
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by dnprock 7y ago
I find it difficult to defend Tether. I leave the investigation to regulators. But assume Tether team has good intention and try to do the right thing, it is easy to make mistake. Tether software may have had a bug that inflates Tether coin
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Tether Problem Highlights the Need for Inflating Cryptocurrency(bitflate.org)
1 points by dnprock 7y ago|1 comments
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by dnprock 7y ago
Very insightful comment. I still have hope for 5) permissionless blockchain. I think the space needs an inflating cryptocurrency. I started a crypto project with 7% supply inflation. I think inflation changes the economics and fill the gap
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by dnprock 7y ago
I'm Bitflate developer. I think crypto needs to explore inflation. I think limited and eventually zero supply hinders crypto adoption. I would love to hear everyone's thought about possible economic incentives for inflating crypto
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Economic Incentives for Inflating Cryptocurrency(bitflate.org)
2 points by dnprock 7y ago|1 comments
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by dnprock 7y ago
Tether problems are known. It's surprising that crypto sphere continues using it. I guess it's a good way to connect digital native Bitcoin to the rest of the world, aka, fiat. I've been advocating for Bitflate. It's a c
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Market Is Not Ready for Libra(bitflate.org)
1 points by dnprock 7y ago|0 comments
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Building Stablecoin: Bitflate vs. Libra(bitflate.org)
2 points by dnprock 7y ago|0 comments
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by dnprock 7y ago
Bitcoin has grown a complex mining ecosystem that is pretty difficult to understand. Bitcoin has high level of energy consumption because of its demand. If demand goes down, energy consumption will go down. From what I've seen in the m
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by dnprock 7y ago
I hear you. Luckily, our bodies are pretty amazing. When we attempt to put it back together, it'll recover. Exercise, eat healthy daily. They'll do wonder to your bodies.
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by dnprock 7y ago
Isn't this obvious? :) My dad thankfully told me about this when I was a teenager: don't smoke, drink, trash your body. Men need to tell their children, sons in particular.
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by dnprock 7y ago
I think given enough time, Libra project can succeed. But it has to jump through many hurdles. It will require a lot more investment than Facebook anticipate. I advocate for a new type of crypto: digital native and decentralized stablecoin.

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