Re: [ANN][CRW] CROWN (SHA256) | Atomic | Governance | Systemnodes

Is Crown inflationary? Will the total supply increase by a percentage each year?

No what I mean is; Does the Total Supply increase yearly? Eg will the 42 mill increase on an annual basis?

If this is meant to be a block chain platform for services, it should be inflationary.

Crown is not inflationary, it's got a set supply cap of 42 million. There will never be more than 42 million Crown.

Why do you suggest it should be inflationary?

If the coins are not inflationary there is no incentive for people to sell their coins if the price rises. I am assuming Crown intend developers to create apps/services for the platform, if the coins are too expensive they cannot use the coins. The more Crown coins gain in value, the less chance for the system to actually take off....eventually no one will use Crown and the it will be worthless.

All other "platform" development cryptos eg ethereum/lisk/ubiq are inflationary.

42,000,000 Crown total
1 Crown = 100,000,000 Crown Satoshi.
42,000,000 x 100,000,000 = 4.2 quadrillion potential units.

Not all units will be available (Masternodes/Systemnodes), but supply and demand will determine a fair price for a unit. With so many potential units I see no risk what so ever in leaving the code as it is.
Even at 30% supply due to units locked in SN/MN, 1.2 quadrillion crown satoshis will be available for use..

Over a long period of time it will make a difference. There has to be a mechanism in place to incentivise the selling of coins for speculative holders. Capping the total supply benefits the holder of coins yes, but as a working project this is a significant flaw imo.

It'd be great to see some calculations regarding your concerns..

Also the incentive of inflation to make holders sell would not work. If we place 5% inflation say per year, but new use is rising by 50% a year, we're kind of back to square one.
There would need to be some sort of mechanism that balances out the % inflation rate (like a central bank, but in code.).
But by doing this we are playing with the fundamental principles of a crypto currency like Crown (changing total supply), when I really see no reason to do so.

Obv you have your reasons and are making your stance known, but virtually every other crypto for blockchain services/app (eg Ethereum/Lisk/Ubiq) runs with an inflationary policy. It's well known that the problem of be speculative investors holding onto coins is a big issue, hence why there is an annual increase in total supply.

An inflationary policy works over a number of years because the effects are accumulative.