Re: [ANN][PIVX] - PRIVATE INSTANT VERIFIED TRANSACTION - POS 2.0 - ZEROCOIN PROTOCOL
what is the difference between PIVX and DASH? can someone explain this to me? Thanks in advance.
Its well written in this article https://steemit.com/cryptocurrency/@pivx/pivx-and-dash-comparing-these-two-tech-miraclesHave a read and see if you can realize the real potential of PIVX here.
That article was written 70 years ago in Crypto time.
lmao. yeah that is a while ago in the crypto space, but the info is still good. thanks for the link. so PIVX is an inflationary currency? OP of this article tries to spin that into a good thing, but im not buying it:
"No maximum coin supply, Perhaps the fact that Bitcoin has a coin cap of 21 million was a reason most of us fell in love with crypto to begin with, but in reality currency MUST expand, assets don't have to. For this reason plenty of people argue that Bitcoin is just an easily transferable asset and not a true currency, after all who wants to spend something that they know is going to go up in value, how many Bitcoin lovers would rather spend Bitcoin than Dollars? I know I prefer to spend my fiat and save my crypto."
I would argue that the fact that coins can be broken down to .0000000x is enough runway for growth. if /when bitcoin can scale to global mass adoption, satoshi will be the standard for payment, not entire coins. kind of like "hey can i get a soda?" - "sure thing 17 satoshi."
thoughts? am i wrong?
PIVX is one of the lowest inflation coins because proof of stake does not have to support and incentivize expensive mining operations. Only 2 million are generated every year, which is around 2% inflation. From there, every transaction burns a tiny amount (.0001 or .01 for SwiftX), so at around 500tx/s it can even become deflationary. Also 10% of new coins go toward a treasure that might not be fully utilized. Any coins not spent in the monthly superblock are never generated.
Not accounting for burnt fees and assuming 100% treasury utilization, this is what is projected: https://i.imgur.com/UYRkl19.png
So TLDR: If you're worried about your coins losing value to inflation, it's less of a concern with PIVX. With crypto being an infant market, your coin's value is far more determined by the day-to-day success of the coin.
https://www.reddit.com/r/pivx/comments/6l1ol2/limit_on_number_of_pivx/djqtybr/