Post
Topic
Board Announcements (Altcoins)
Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs
by
garp
on 25/08/2016, 19:10:46 UTC
Inflation.  Since August 2015, Dash has added 1 million coins to the total supply.  Dashnode is a "18%" return but this number people will throw around does not account for the massive inflation inherent on the network.   This deception is no different than how your neighborhood bank offers ~2% on a term deposit but the consumer purchasing index inflation robs most of those gains.

Libertarian politicians like Ron Paul would tell you inflation is a tax on the poor and middle class (and arguably the ignorant).  I find it strange why a lot of cryptocurrencies are obsessed with inflating themselves to the moon.  How is this an improvement on the Federal Reserve?  Newflash: it isn't.

NEM supply is fixed and, with the supernode increase on September 1st, it appears to be close to 10% and no inflation is robbing that.  You can run a SuperNODE, let the payouts accumulate and later when the price is higher you can sell.  If you tried that on Dash, and say waited year(s) until selling, then the accumulated inflation will erode your ROI.


As well inflation itself is not good for a market when it goes bear.  Miners / Dumpers still dump, regardless of what is happening, and I have seen them killed countless coins.



dude, again, lending, dash, those are examples and there others (i gave another good example too, XVC(cheaper and more profitable))....
the main point is, 30btc "locked" is way too much money.... 300xem/day doesnt worth.

and you may say "oh, but you trust XEM you should accumulate/help the network"

with 1 btc i can make way more than 300k satoshi per day and buy XEM to accumulate.
and if the point is help the network, well, ok then... but i really think they should rework the node, maybe reducing the amount needed.

again, 30btc is WAY too much for this node and XEM, like any other currency, have risks too.

Hey, there is not a lot of discussion needed here.
If you think the amount is too much, and you're entitled to have that opinion, than don't run a supernode. It's that simple.