Is my math correct? Current price, btc .0050903 roughly $2.10 = 2100 EC. If servers were online 75k tokens per month would generate at this price $157 500.00 you'd need to have 157,500 000 entries to burn that amount.
Do you guys have use cases that require millions of EC's per month? just curious:)
When the Factom explorer went live on 09-01 there were about 8759965.42635400 factoids. Now there are
8753230.36770280.
So around 6700 burned in a little more than 6 months or about 1000 per month. And not much is going on but testing.
Point being, I suspect we'll be seeing deflation before too long despite the 73,000 factoids being created per month.
I agree on the deflationary period. I do believe this is a great project. EC'S are incredibly inexpensive. As a business model it gives Factom a great advantage. They will do well on fees to implement programs on top of factom. The subscription fees for docusign, etc are very very expensive in comparison.
Unless there are industries, govt branches, etc that produce millions of entries per day, week per month the deflationary period could be years.
EDIT!! Below added.
How about this you have a very limited supply of servers, why not let the FCT holders purchase server space. Before they come online. Kind of like a server space ICO/IPO in this case ISS (initial server space lol).
It seems like to good of a deal for those who run servers to reap all the FCT amongst them.