Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
by
TanteStefana2
on 02/02/2016, 05:00:33 UTC
and maybe someday we can actually do that, but not at this extremely deflationary moment in Dash's lifetime.

How do you figure? By my math we experienced 16% inflation for 2016 and will have about 12.6% inflation in 2017, then 10.55%. I've actually never thought of any of these cryptographic currencies as deflationary, they are constantly creating coins until they stop at some point; the only deflation comes from coins being destroyed or lost.

https://docs.google.com/spreadsheets/d/1RpLd87PTs65sz8USrrXwGRoVGVbzaC-nunErEtGSJoE/edit?pref=2&pli=1#gid=0

Evan, if this project is successful, Dash could see 1000% inflation (in price), or more  This means that if Dash owes someone money in the future, because we signed a contract in Dash, we have to pay it, at the cost of what those funds could have otherwise done for us.  We can't see the future.  It would be better to have proposals given to the MN network, discussions on pros and cons, and a budget that sits in a pot, waiting to be allocated by people until either the volatility subsides and/or better functionality can be designed.

Edit, Oh I see your question better.  Sure, coins are being created, but user base, increases exponentially, IF the project is successful.  And remember, these long term contracts are eating into the funds we need for other things. And if they don't go down, we tie up a lot of potential value.  

I assume, and I think there is a good 80% likelihood of success, that we'll be successful, that means crazy prices ahead for Dash.  Good or bad, it is just a matter of demand.  The increase in demand that Dash will likely experience, just like in other startups of history, Apple, Google, Bitcoin, etc.... creates, as in the case of Bitcoin, a deflationary currency, or in the case of others, a share that becomes harder and harder to buy.  With increase in cost of the unit, there is deflation.

This is why I can't imagine why people think that loaning Bitcoin will ever happen.  I'd never loan it out. Not until the inflation of the cost of Bitcoin settled down (true it is volatile, but it's still up, at it's lowest point in 2014 year, 1000% on the year.  2015 it lost, this year it's gaining again.  On the whole, it's been gaining very well, but it's suffering road blocks.  Dash is perfect, except for this budgeting system, LOL Smiley