Re: [ANN] [ZEIT] ★ZeitCoin★ COMMUNITY [FULLY POS | 15%] [ZEIT KNIGHTS]
...or we could vote to cut the supply of new coins and wait.
Right Answer. 
@Derek,
You right BTC does have a scalability problem,
However that does not mean that all Proof of Stake coins don't have an inflation problem.
Forget about the exchanges:
We created over 100 million new coins in 1 week,
lets say we were priced at 1 ZEIT = $1 , then we need an influx of 100 million Dollars in 1 week to just Maintain our current price.
or
let's say we were priced at 1 ZEIT = $0.01, then we need an influx of 1 million Dollars in 1 week to just Maintain our current price.
Compared to being an ultra low inflation coin that only generated 3500 coins per week
lets say we were priced at 1 ZEIT = $1 , then we need an influx of $3500 in 1 week to just Maintain our current price.
or
let's say we were priced at 1 ZEIT = $0.01, then we need an influx of $35 Dollars in 1 week to just Maintain our current price.
(by the way if we were at 1 penny, we would be 3rd on the market cap.)
The Lower our inflation , the less capital required for our price to Grow and the more valuable the previous coins become.
(if you focus on this and understand it, you will understand why Mint dropped from 30 sat (after $150,000 fiat influx) to now ~4 sat ,
you will also understand why all capital influxes into PoS coins are a lost cause , unless inflation is capped. )
ZEIT using Proof of Stake defeats BTC on every technical level,
Speed
Energy Efficient
No ASICS Purchases required on an annual basis
20X BTC current transaction capacity
The only place BTC defeats us in Inflation Control, with this vote and the following changes.
Here are the Software Changes that are required if the Community Votes to go Ultra Low Inflation.
1. Interest rate change to 0.0005% (0.000005) per year, that would leave us only gaining ~ 180,000 new coins per year . (Thanks to Fred for the % recommendation)
(Price per coin will rise.)
2. Minimum Stake Age Changed to 1 Day (This will allow coins to be staked faster, so more coins will be defending our network security, Difficulty Increase)
(Major increase in Our Network Security)
3. Blocks no longer Split after staking, stake amount just adds to the block amount. (Recombining smaller blocks will no longer be necessary)
(Meaning you can keep Larger amounts in fewer Blocks and use less resources.)
1. Interest rate change to 0.0005% (0.000005) per year, that would leave us only gaining ~ 180,000 new coins per year . (Thanks to Fred for the % recommendation)
(Price per coin will rise.)
2. Minimum Stake Age Changed to 1 Day (This will allow coins to be staked faster, so more coins will be defending our network security, Difficulty Increase)
(Major increase in Our Network Security)
3. Blocks no longer Split after staking, stake amount just adds to the block amount. (Recombining smaller blocks will no longer be necessary)
(Meaning you can keep Larger amounts in fewer Blocks and use less resources.)
We take away their only advantage.
