Quote from: kiklo on November 30, 2016, 08:40:34 AM

I know many of you would like to see the price per coin rise faster.

So I wanted to throw out an idea and see what everyone thinks.

At our current 15% interest rate, we are making on average ~100 to 200 Million new coins per month.
When we drop to 5% interest rate, then should be ~33 to 67 million new coins per month.

Easiest way to increase price is to stop all new coin creation.
Say setting a fixed reward of .05 ZEIT earned per block, this limits us to only ~144 new coins per day or only 4320 coins per month.

At that level of coin creation, Prices will rise in a few short months.

Questions:

Would you be willing to accept this change and keep staking at the lower rate to protect the network?
(We may need to lower the min stake age from 20 days to 2 days to compensate for the people that no longer stake.)

New Knights would still be accepted, but the Knights would no longer have to tithe, since the interest rate would not be high enough to cover it.

Any way it would be a drastic change, what is everyone thoughts?

Cool

FYI:
Compare this in your mind , while you think about it.

Would you rather have a coin worth a penny, that earn very little interest yearly, but it's price would keep rising
or
Would you rather have a coin worth less than a satoshi, that earns 5% yearly, with more coins being created every day.

That is literally the choice we face in our battle with inflation.

Hello Kiklo

I think the final Interest Rate has to be lower.
At this time I think that this has to be at 1% or below.

As far as i know BTC is an Deflation Coin .
I think In the long Run a Coin need inflation, not much, but it must be there.

Warbird023