Re: [ANN][DRK] DarkCoin | First Anonymous Coin | No Premine | DGW | ASIC Resistant
Hello everyone and happy Friday!
Anyone who's been around long enough knows nothing in Darkcoin is ever set in stone and we listen to the community. Last time we removed the block halving we received a lot of crap, here's the problems with yearly halving.
- It's too fast and could destroy the coin
- It's way too much (50% per year)
- We already have formula for controlling the supply
Problems with not having a fixed supply:
- We'll have a constant amount of inflation forever. Most of us are in the austrian camp of economics, so I'd like to fix this.
In true Darkcoin fashion, I'd like to propose a solution that no other crypto has and fixes all of the issues. A yearly reduction of supply of 20%. With this we'll hit the cap of coins near 2056. I'm guessing we'll have somewhere near 25M coins (12M minimum, 49M maximum. Depends on how many miners we attract).
Let's have a vote!
https://bitcointalk.org/index.php?topic=525093.0
Anyone who's been around long enough knows nothing in Darkcoin is ever set in stone and we listen to the community. Last time we removed the block halving we received a lot of crap, here's the problems with yearly halving.
- It's too fast and could destroy the coin
- It's way too much (50% per year)
- We already have formula for controlling the supply
Problems with not having a fixed supply:
- We'll have a constant amount of inflation forever. Most of us are in the austrian camp of economics, so I'd like to fix this.
In true Darkcoin fashion, I'd like to propose a solution that no other crypto has and fixes all of the issues. A yearly reduction of supply of 20%. With this we'll hit the cap of coins near 2056. I'm guessing we'll have somewhere near 25M coins (12M minimum, 49M maximum. Depends on how many miners we attract).
Let's have a vote!
https://bitcointalk.org/index.php?topic=525093.0
I've had a look around some other scrypt boards.
By the end of the year, ASICs will push out GPU miners all over the place. Expect a lot of miners on Darkcoin because it has value, utility, less power draw, anti-ASIC bias, active community and innovation.
If $100m is transacted through DarkSend each day, at 0.5%, 30,000 miners can earn a lot in regular fees.