Post
Topic
Board Altcoin Discussion
Re: [Ƀits][syᕱᕳ][✨Ching][Cꙭl/¥ꙭbits] Poll for name of AnonyMint's upcoming coin?
by
TPTB_need_war
on 03/11/2015, 20:38:34 UTC
I'lld stick with just a simple name, like: ToDaMoon

Then your marketing demographic is speculators. I am selecting currency names that target use case (user) demographics. Users of micro-transactions are not motivated by the increasing appreciation of those units, because they are going to spend them immediately. The use case is for the utility that the currency gives, not for a store-of-value nor speculation. See the table in my prior post (I may have added it after you replied), which details why I think there are three stratifications of money on the internet going forward. In addition to the marketing stratification, I think money itself has to have competing variants as I proposed up thread:

Thus maybe what I should do is have 3 merged-mined currencies with 3 different levels of debasement and money supply, so the market can express itself both in terms of naming preferences and also the complex interaction of different currencies with different rates of inflation and velocities of money. When you mine a winning block, you received some of each currency.

DebasementMoney SupplyName & Currency Unit
~0%1 billionɃits
~5%1 trillionCꙭlbits
~10%1 quadrillionCha-ching (or we chan if we prefer)

The advantage to users of micro-transactions of a higher debasement rate, is that money will have a much higher velocity of money, because no one has a great incentive to hold it a long time (except as a speculative investment). Thus they will have a better opportunity to attain some. The problem Bitcoin and all crytocurrency has is the investors HODL. That is retarding its adoption! It is very difficult to get investors to understand this (Inflatacoin wasn't successful), so the clever way I have devised is to have merge-mined currencies with different debasement rates. Let the HODLers go more into Ƀits[1], but watch them get jealous when speculators[1] made more gains in Cha-ching due to faster adoption. So then a market arbitrage takes place and the market will figure out the balance. This is sort of like a bimetallic money standard effect.

[1] Disclaimer: I am not promoting any expectation of profits. Investors and speculators will likely lose money at the start. Adoption must precede long-term investment gains.