Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Tidecoin: Post-Quantum Security Bitcoin | PoW only | CPU friendly algo
by
dominguero
on 09/01/2021, 11:05:22 UTC
At the beginning design the consideration to make the supply approximately equal to bitcoin is after 4 years, but this seems that has the serious hyperinflation problem. So how to design the mining interval for the first 50% of total supply? Can guys offer us your suggestion. Tidecoin is belongs to the every one, but it needs some time to be spread to.

Is the hyperinflation a real problem when there is no price?

In the beginning, all coins value is 0. I any case, the price, its the electricity cost of mining, the high supply, could depreciate the value of the coin because the miners take a lot of coins.

But this Its so bad? if you see other coins that make opposite way, like linear emission, they take a lot of value in the beginning, but from that moment they begin to fall, until they find a stable price.

Tidecoin would have a very low price at first, but as soon as it attracts the miners / users, and due to its low max supply, I do not think it will go down to 0 sat, no matter how much the reward. And that could help to have a good distribution, since miners have a perception of an excess of coins.

In six month the miners take 1/4 of the initial reward, and if the project have a good evolution, they have to replant the sell price.

There are no written rules, nor any manual that can say that excess emission at the beginning is a better or worse option. Moreover, I think it is a minor issue, and that the success or failure of a project (in the long term, not for a bump-dump scheme) depends on many other things.

My suggestion, wait six months and email tradeogre.