Quote from: Level Coin on January 29, 2014, 09:38:24 PM

It is a good a question. This is how it works. First, it will be very difficult to have multiple wallets to cheat the system. I will be creating personalized wallets for everyone. But even then it is very difficult. Say you had 10,000 level 1 coins that were 1 year old and you never burned them. Now lets say you sold those level 1 coins on an exchange, and bought 10,000 level 1 coins from the exchange. The wallet remembers this transaction and sets the coins you just purchased to 1 year old. If you bought 20,000 level 1 coin on the exchange, then you will have 10,000 1 year old coins and 10,000 fresh coins. I am calling this "average age debt". I've said it numerous times, if you don't balance burning with selling, then you won't be efficient. Both burning and selling on exchanges helps the ecosystem to flourish and has significant benefits over hoarding level 1 coins.

awesome

Quote from: SyRenity on January 29, 2014, 09:37:28 PM

Quote from: Tabi on January 29, 2014, 09:26:03 PM

Some analysis on the whole level idea at a different coin thread.

https://bitcointalk.org/index.php?topic=422052.msg4744448#msg4744448

Interesting analysis, though I would find it more credible without intervened personal attacks on Nex creator.

Levelcoin, I wonder what your opinion on this danger of constant inflation?

this analysis does not include any of the diminishing, i think