Quote from: Orestes on June 20, 2015, 11:38:01 AM

Quote from: dbt1033 on June 20, 2015, 02:26:08 AM

HiPos is the problem.

Scarcity creates demand. Simple economics. There will never be scarcity at this rate of inflation.

What if someone discovered a way to efficiently turn lead into gold? Gold would be next to worthless, except in electronics.

I like the idea of static PoS rewards. But this is just out of control.

What you call simple economics is a fallacy. What if for example common illness becomes treatable and thus scarce. By your line of reasoning there would be an increased demand for this illness!

Demand and supply are two seperate dimensions. Taken together they determine price.
So when you create scarcity given certain demand* then and only then will the price go up.
But if there is no demand then scarcity will not help. You will only fade away into nothingness.
*(not taking into account p&d schemes.)

At least with high supply you have the chance to get scattered around and be noticed. Its easy to hide 1 diamond, much easier then sahara sand. But to create demand for the diamond or for the sand, it needs to be of value to people. This is were marketing comes in. No marketing, no perceived value. No perceived value, nothing. Decreasing inflation will only temporarily increase price, after that it's bye bye. Unless of course marketing kicks in, but then we need to watch out in becoming too scarce. For neither diamond, nor sand is very usefull to be used for payment.

What would be a good practical number for 8bit coin supply? Given the to be determined goals for usage? And how to get there from where we are now? This is much more important imho!

Supply and demand do not apply to illness... That's a horrible example.

Hyperinflation is a bad thing.

8bit is hyperinflating.

We need to get this in check, quickly.