Post
Topic
Board Altcoin Discussion
Re: Decrits: The 99%+ attack-proof coin
by
Etlase2
on 04/05/2013, 23:24:51 UTC
What about the the limits of growth? If you think big you might come to the point where global economy is not growing anymore - or even decreasing at times.

But you might be right to leave that point unsolved. However you'll do it, it will cost adopters.

It isn't unsolved. Money does not have to be created to protect the network. If there is no need for new money, it won't be produced. Say 1 DCR costs around $1.00 to create, for a profit margin Decrits must be worth around $1.10 or significantly more before minting will begin because of the burn and the need for a lot of people to see a profit margin. Otherwise you're just burning value and giving it to others in the form of free money. You could potentially cause inflation, but the new money is being distributed randomly across the globe, not under the control of governments/banks/wealthy. If decrits run up and down the system, you will quickly bankrupt yourself. If they don't, you are still adding more power to decrits by investing time and resources into otherwise useless ventures--you would have been all-around better off buying decrits instead. If you can't beat 'em... Cheesy