Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Spectrecoin & XSPEC - Privacy for the Future....Here Today!
by
CoinMoz
on 28/09/2017, 08:54:40 UTC
I wouldn't worry about the max supply at this time. 5% is not as much as it sounds like and it will take years before there is a significant increase / inflation and by that time the user base will be larger, fiat currency inflation will increase etc. If at some point it seems inflation is an issue or threat to the network there is always the possibility of adjusting the PoS to a reducing scheme. This would require a sufficient number of transactions to provide enough fees to satisfy node owners. At this time I would not worry about the max supply. We need to get all the core features running perfectly and then expand on that. Privacy is the key and the supply is in reality quite low. There are only a few hundred thousand in circulation being traded.


5% is not much at all. Take for example Bitcoin, 21 mil is a fixed number, but only god knows how many of them were lost at the very beginning. If  you do not backing up you wallet, seed, private keys... Funds are lost for good. So the actual current supply is way less than on coinmarketcap.

5% of additional coins help to overcome this problem. Because people do lose and forget passwords (and it doesn't matter how many times you repeat this, it is inevitable), laptop crashes and so on, so constant supply will maintain the right balance.  Wink