Post
Topic
Board Tokens (Altcoins)
Re: [ANN] (DAM) Datamine Network - FLUX: Time is Money 2.0 - DeFi DApp
by
xxmetalmartyrxx
on 13/07/2020, 05:55:26 UTC

 avoids the N+X question


I didn't avoid it, and I addressed it in my response to you. I'll explain again; burning is just another mechanism to increase the minting rate, ie; you get a larger chunk of the global mint rate by increasing your burn. Similiar to adding a new mining rig to the global hashrate of a typical PoW coin. The N+X question is framed in a way that misunderstands the entire premise of Flux. Will the supply of Flux continue to increase? Yes, proportionally to the global burn rate. This WILL be price deflationary, until an equilibrium is reached. But, yes, the N+X understanding would imply that, if demand remains unchanged, the price will continue to deflate. It's almost as if... every cryptocurrency that has more supply being created is under this same pressure created by more and more supply though... HMMMM.  Roll Eyes

Masternodes, mining, staking: all these forms of supply increase are deflationary. Flux is not an exception to this. Burning won't be the only use case for Flux either.

Keep bumping the thread.