Quote from: erok on November 03, 2015, 08:14:55 PM

Quote from: americanpegasus on November 03, 2015, 07:58:02 PM

Quote from: kazuki49 on November 03, 2015, 07:43:55 PM

They are deflationary - and the dev gets 1% of all coins per block mined unless the miner bother to add a special flag, I don't have problem with this but it could easily mean trouble in the future (for the dev). They got lucky the emission is considerable slower than Monero and its making up for the lack of development (but it shows signs of not being completely abandoned).

I have mixed feelings about this. On one hand, it is vastly superior to any IPO in existence, made even more valid by the fact that with a few additional bytes of code any miner is free to opt out.

I believe that perhaps it is defendable if the collected funds go to a "development account" and not just to one person's wallet.

Also, knowing that Boolberry is deflationary pushes my resolve on this issue farther.

I humbly propose we should move to a fixed inflation rate, and the subject of discussion should be what rate is appropriate. I feel like anything between 0.75% and 0.9% would be fine (but lean towards a nice crisp 0.9%)

Most currencies are 2-4% I think that a .75% rate would not be earthshattering and could give be the evergreen tree from the rear view mirror fresh smell. The fixed rate idea and deflationary theories are fundamentally flawed for crypto imho in many many ways including accidental and purposeful burning of currencies and network activity. I liked the idea before about having an algo that addresses that which controls a dynamic inflation rate... but yeah most countries are 2-4. Now hyperinflation is an interesting concept but when mixed with POS gives the ponzi feels. I dunno what is right but I think 0.75 wont burn the world to the ground, nor will it create a second earth. Run with it. GJ.

Are there any numbers and thoughts on velocity in bitcoin during ascending prices versus descending prices?

I tend to hold on to coins more during descend than ascend.

The more money people have the more money they spend.