Quote from: kiklo on December 01, 2016, 10:51:05 PM

Quote from: msdoter7 on December 01, 2016, 09:44:26 PM

If you want to change pos rate to 1% . Than do it better in 1 year .

Thanks for your comments.

1% is still too high,
ZEIT is such a massive coin that even 1% would be over 6½ million coins per month. (At current staking rates)
That in 1 month is six times the total supply of other coins.

We would have to go down to 0.0005% (0.000005) per year,
that would leave us only gaining ~ 180,000 new coins per year (basically ~15000 new coins per month).

The stronger we tackle the inflation issue, the sooner our value per coin can begin to increase.
Even if we did it today, it is still going to takes months before it has a noticeable effect in the markets.

Lion brought up a good point that in TRW, 5% interest on Bank accounts was the norm.
However the reason the banks were able to do that is they were loaning out multiple times the amount of their deposits and Charging Higher interest rates on those loan above the 5%, we have no such system in place here, which is why we have to control inflation to offset the damage that an ever increasing supply can cause.

Cool

FYI:
It all comes back to this,
Do you want a coin with very little inflation , that the Price can rise per coin?
or
Do you want a coin with 5% inflation, that the price is always in decline?
You have more coins but each coin has less value as time goes on.

FYI2:
Look at all of the people buying up BTC, just to hold receiving 0% interest,
we have to go ultra low inflation , if we are going to beat BTC. (There is just no other way around it.)

FYI3:
Monday BTC generated only 1,728 new coins
Monday ZEIT generated 8,623,833 new coins.
Our price will forever be crushed by the inflation, unless we switch ,

After the switch to an ultra low inflation rate of 0.0005% per year,
BTC still generates 1,728 new coins
ZEIT generate only ~500 coins per day.
Our price verses BTC & Fiat would rise. Wink

Sounds like a good plan that needs to be implemented sooner rather than later.
Isn't this one of the reasons the Knights were created? Make it so Knights.