Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ZEIT] ★ZeitCoin★ COMMUNITY [FULLY POS | 15%] [ZEIT KNIGHTS]
by
Derek492
on 19/12/2016, 19:39:41 UTC
By all means don't let me stop you. I will be interested to see how it turns out. I see what you're saying, and I get the point. But I don't think we are dealing with hyperinflation. The percentage is low, but the quantity of coins is high.  There is a difference between price and value. Price is dropping but value maintains right? I think what I see you are trying to do is maintain a certain exchange rate vs Bitcoin. But Bitcoin has so few coins relative to ZEIT or MINT with so many, that is what is causing the push towards a sub satoshi exchange ratio. The real problem IMO is Bitcoin price rising a lot, not ZEIT or MINT. Imagine for a second, if Bitcoin goes to $100,000,000 per coin, then 1 satoshi would be worth $1  and Bitcoin becomes unusable for any transaction under a dollar.  So what we are seeing right now is Bitcoin already becoming useless for transaction at the satoshi level because compared to ZEIT if ZEIT or MINT is sub satoshi, then Bitcoin is useless for valuation. This isn't zeit's or mint's problem it is a flaw and problem with Bitcoin. We must then look to Litecoin or other coins for valuation. I'm not sure trying to keep up with Bitcoin at all times is a good idea. If the price of Bitcoin goes up 10x in next month, and every month, then its unrealistic to keep up with that. You cannot force an exchange rate ratio unless you directly keep on manipulating the coin by adjusting rates or coin counts, you may even need to burn coins to reduce your supply of coins if that is the ultimate goal. Markets are in constant flux. Alternatively, if Bitcoin drops back down to say $50 per coin, then back we'd swing the other way. Kind of hard to know. Like I said, I will be interested to see how things turn out. Smiley