Re: Zerozed Project [x0z] | Zero-Zed Diffusion of Innovations Block Reward Algorithm
Oh btw everyone.. We have a faucet finally...
It's too late launch coin faucet when you are worthless, 1 x0z only worth 1 satoshi it was just a waste of time and only mbuang sweat that does not produce anything. After all this thread is empty of visitors and you only talk that is not important.
Well that's a bit harsh coming from a senior member.
You of all people should know that price isn't indicative of value when it comes to alt's with radical new ideas. Especially when one of the effects of the inflation model we use is making sure that it's cheaper to mine, as opposed to buy even at 1 sat, for ~50% of its initial inflation cycle.
We aren't like your normal alt project that will die with a marketwide crash.
In 3 years, our real work with Zerozed begins.
Retargeting inflation, for decades into the future as opposed to years, whilst knowing everything that we've learned preceding...
We don't really want people to buy Zerozed...
For our first 5 years, we just want to bootstrap a community and distribute the initial 25M like it was a long drawn out "fair launch". From there, we will need to retarget to the billions of coins for roughly the year 2050, which will be like the first inflation period and follow another Diffusion of Innovations based subsidy minting schedule.
This means that those mining all the coins right now, will be a "drop in the ocean" when the latter half of society has adopted crypto as a whole.
I could go on about the implications of all this but the bottom line for investors is that this model incentives the founders and devs to do their job and make the project a success before they would be able to sell any of their bags... It's a superior model than the IEO/ICO/STO funding systems been tried to date.
So yeah. Anyone OG in the space should know that Zerozed is infinitely cheaper to mine and that the incentives are in place to collaborate and work together with small increments of hashing power over time as opposed to trying to dominate the network as much as possible at the start to acquire the majority of coins only to dump it on the network...
Satoshi failed at 2 main things with Bitcoin.
The competitive based incentive model and the block reward halving model. This makes for an extremely volatile economy when you apply basic supply and demand mechanics.
We are offering something dramatically different to 99% of mineable crypto currencies. A collaborative based incentive model enabled by inflationary policy that works in the real world....
#EndTheHalving #MakeCryptoCheapAgain