Quote from: annapapo on July 04, 2018, 05:06:43 AM

Quote from: DumbCrypt0 on July 03, 2018, 11:18:14 PM

Quote from: annapapo on June 05, 2018, 02:07:54 PM

The problem with this coin is that the inflation rate is ridiculous. There have been 14,600,411 coins produced as of now, but the miners are blasting out approximately 15,000 new coins per day. There is a long way and a lot of massive inflation between now and the max supply of 2,500,000,000 coins. If there is still a dev anywhere, you should cut the max supply to 21,000,000 and stop it for good when it gets there. There should be no more mining and no more staking once the supply reaches 21,000,000. When the supply gets there, people should have to purchase them on the exchange if they want any. The current price of 250 satoshis is disgustingly overvalued for a coin with billions of supply. You need to stop it at 21,000,000 so it can be a relatively rare coin before it gets out of control.

15,000 coins a day does seem like a lot, but 2.5Bil/15,000=166,667ish days, or 456 years. Though I too would prefer to see a block halving, we technically won't see 550 million coins in circulation for another 100 years Grin

This is not true. The annual staking rate is 25% interest, and this will compound. There are about 15,000 coins per day being produced now, but that number is going to go up as the compound staking interest keeps going. Because there is both mining and staking, the circulating supply is inflating by about 37.6% per year. At this rate it would only take about 19 years to reach the max supply of 2,500,000,000, not 456 years. If there is any dev here, feel free to clarify the math here. But it doesn't change the fact that the BCF inflation rate is ridiculous and out of control. Back in May, just 2 months ago, the price was at a robust 697 satoshis. Now the price is at only 120 satoshis. BCF hodlers have lost a disgusting 82.8% of their satoshi value in just 2 months. That's what inflation does to you. Get out of BCF now before the inflation catches up to you and don't look back, something might be gaining on you.

You cannot find a lot of coins that have not lost 82.8% of their value except for the ones with huge market caps.