Quote from: clout on April 25, 2014, 01:16:32 AM

Quote from: CoinHoarder on April 25, 2014, 12:41:53 AM

Quote from: BldSwtTrs on April 25, 2014, 12:38:16 AM

Quote from: CoinHoarder on April 25, 2014, 12:34:37 AM

No pun intended, but you are embarking upon a slippery slope.

Please leave Bitcoin the way it is- we don't need no stinkin' 10% annual inflation. To put it into perspective the US dollar currently inflates at around 1% annually.. 10% is just a ridiculous number.

You get it upside down.

Currently, Bitcoin money supply inflate +10% a year. Fixed money supply + X% dividends equal X% deflation a year. PoW is inflationnist, PoS is deflationnist.

Good point.

However, the 10% a year number will slowly decrease to 0% over time.

I see no mention in the proposal to allow for a slow decrease in the dividend percentage to mimic the future rate of minting.

Also, I see the bigger problem being people losing trust in Bitcoin (which I just edited into my previous post- see above).

for the remainder of your life bitcoin will be inflationary, it is absurd for you to support it just because there is a fixed supply at a very arbitrary point in the future. would you support us inflation just because the government says, in 125 years we will stop printing more usd?

we are making the proposal that you do not have to pay a 10% dividend at all. dividends are paid for by transaction fees which are burned.

bitcoin is not the end all and be all of the crypto currency space. it is just the beginning. so many ppl talk about not trying to reinvent the wheel, but that logic is antithetical to the bitcoin/crypto currency movement. the idea is to reinvent everything that needs to be reinvented. in this case that includes bitcoin.

You could also say that 21 million BTC exist now, but only 12 million have been mined (available to be spent). That is quite different than a fiat currency, where 20 years later the money supply could be 50, 100, 500, 1000, or 5000 percent greater than it is today. The Bitcoin market has absorbed the money supply information and it is factored into the price; the fiat market cannot absorb money supply information because there can be no certainty or even close approximation of money supply in the long-term.