Ninjastic
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Board Announcements (Altcoins)
Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread
by
Matt Y
on 26/09/2016, 00:54:42 UTC
Quote from: m4nki on September 25, 2016, 04:01:36 PM
Quote from: Matt Y on September 25, 2016, 04:34:38 AM
Quote from: crotchsausage on September 24, 2016, 09:23:02 PM
Is it confirmed already that XCP will be used for EVM gas and burned?

Yes.

https://counterpartytalk.org/t/emvparty-discussion-gas-cost-for-contract-execution/2055/65



Can we calculate the scalability then? Like calculating the XCP inflation rate against the burning costs for deploying a smart contract on top of Counterparty. Would be interesting to know.


From your link:
Quote
The first thing that comes to mind as the simplest solution to the "XCP running out" problem is to set a gas rate that's directly proportional to the remaining supply with the lower limit set to 0.00000001 XCP and rounding to the nearest 8 decimal places.


What will be the starting price then? How much XCP is needed for creating (1) a short and (2) a long smart contract?

Thanks a lot! Smiley



I don't have answers to much of this, however, XCP is deflationary not inflationary. The supply only decreases and no new XCP will ever be made, smart contracts will only speed this process up.