Due to our recent price spike a month or so ago.
Their are many members that feel going to ULI , is unnecessary and want to stay at the 5% forever.
It has come to my attention, that some of those plan a split (like ETH/ETC) once ULI goes into effect , basically causing a civil war in the Zeit community.
I personally feel ULI would have helped ZEIT reach its Destiny sooner than staying at the 5% rate.
However due to my inability to actually get the ULI activated and the possibility of splitting this great community in half.
I have no choice but to withdraw my future efforts to get ULI activated.
From here on out , my only purpose here will be keeping the snapshot updated.
I asked Zeitcoin to remove the ULI from the OP as no one will be attempting it's activation now,
and the 5% rate will be Final and Forever as originally intended.
I still Believe ZEIT will reach it's goals with the help of the Knights, it will just be at a slower pace.
Good Day, everyone.
Their are many members that feel going to ULI , is unnecessary and want to stay at the 5% forever.
It has come to my attention, that some of those plan a split (like ETH/ETC) once ULI goes into effect , basically causing a civil war in the Zeit community.
I personally feel ULI would have helped ZEIT reach its Destiny sooner than staying at the 5% rate.
However due to my inability to actually get the ULI activated and the possibility of splitting this great community in half.
I have no choice but to withdraw my future efforts to get ULI activated.
From here on out , my only purpose here will be keeping the snapshot updated.
I asked Zeitcoin to remove the ULI from the OP as no one will be attempting it's activation now,
and the 5% rate will be Final and Forever as originally intended.
I still Believe ZEIT will reach it's goals with the help of the Knights, it will just be at a slower pace.
Good Day, everyone.
Who is going to do this? Who opposes ULI?
Maybe we can come to another solution. I mean maybe we could continue to scale down inflation over time. Sort of like how bitcoin halves inflation every so many years, we do the same with zeitcoin. We had the right idea going from 20% to 5%, but we just have to keep going where it goes to 2.5%, then 1.25%, and so forth until we reach that ULI rate. And make it over a period of years so that the decrease is gradual and expected.
I mean where is the proof that this is even being planned as a thing? Are there bitcoin talk threads? Is this based on a conversation on the slack channel?
Here's the thing, bitcoin keeps going up because not only is there an upper limit to where it could go, but bitcoin's INFLATION rate also keeps going down because of "halving". Because miners have huge costs, they have to constantly manipulate bitcoin prices so that they can continue to be profitable and have the same income.
Same thing here, people who own coins will want the price to go up as the inflation rate goes down over time, and it makes people see value in the coin because they know that if they keep holding then it will grow in value over time. So instead of going there all at once, why not ease on into it instead? It's all about the journey, not the destination with these things right?
