Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ZEIT] ★ZeitCoin★ COMMUNITY [FULLY POS | 15%] [ZEIT KNIGHTS]
by
kiklo
on 02/12/2016, 04:16:56 UTC
   
Quote from: kiklo
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...

 i would not have a problem with the change, but we need to be practical; who is going to run the wallet to support the network for 0.0005%?
an incentiveized node network might work tho
look at fluttercoin, for example

Zeightknights might volunteer to keep nodes up also   Roll Eyes

Thanks for the comments , r0cinante .

If everyone agrees to the ultra low inflation, I would keep my node running 24x7 , which I do any way.
But if no one else is willing to help, then we will also have to drop the minimum stake age to 1 day and remove the block spliting, so I can keep the network running without help. Although if people would help they would receive their % and fees when they process transactions.
(Also if the people don't keep their wallet synced they can't send or receive any coins.)

Here is the path we and every other coin is on, PoS or PoW, we keep increasing our # of coins daily, while BTC keeps decreasing its # every 4 years.
It is deflationary while we are inflationary , it's price will always rise compared to ours unless we go to an ultra low inflation.

If we want to win we have to choose ultra low inflation, or we fail like sprouts & Tek and the others.
What good is our coin if the price keeps dropping, an infinity of Zero , is still ZERO.

Our current mk is $217,200 , what is funny is that everyone likes to pretend we have a choice here.

The Truth is there is no choice, we stop the coin inflation or it stops us.
Choice
1.  We move to ultra low inflation , Live & Thrive & Prosper
or
2. We stay in the hyper inflated path like all of the other Crypto knuckle heads , and we suffer the same fate as them.
Sprouts is a prime example.
https://www.cryptopia.co.nz/Exchange?market=SPRTS_BTC
They almost about to fall out of the litcoin market to doge only
https://www.cryptopia.co.nz/Exchange?market=SPRTS_LTC  

 Cool