Post
Topic
Board Announcements (Altcoins)
Re: [ANN][SMC] SmartCoin Official Thread - Hard Fork Halving Successful + Digishield
by
shogun47
on 11/06/2014, 03:01:18 UTC



Guys, there is no need to raise the hard cap nor the subsidy in the event of increased demand.

Look at Bitcoin, their demand is thousands of times greater than any alt-coin and do you see them raising the coin supply?

Inflation destroys wealth and a low coin float and a low subsidy attracts investors for the snort term and also the longer term and it increases a Coin's value because investors in general literally look for these attributes in an investment.  At 30-40 million, any coin has more than enough coins to satisfy any demand.

Anyone can buy the coin now for cheap and if the value goes up then mining it becomes more profitable so distribution will take that route which is better than excessive dilution.

So I think dropping the max cap and [if needed] the subsidy, will add instant value and also long term value due to lower inflation and much lower dilution.

Regards...

I may be willing to look into setting the coin limit at 42 million (1/2 Litecoin and 2x Bitcoin).

One thing that I'm concerned about is that both Litecoin and Bitcoin block rewards halve every 4 years, so there is a long term symbiosis with the mining infrastructure, which I think is also very important for a crypto currency. It seems like some alt coins generate a large number of coins in a short period of time and don't leave much for later down the road, which could have negative effects on community interest, service integration, and network growth. This is something to seriously think about.

The point of pos after the x-11 ming stage is to continue the production of coins at a much slower continued pace. it generates new coins in each wallet based on how many coins each person has. the 1-10% is the rate of growth or coin creation. so at 1% 100 coins will make 1 coin per month or whatever time is set. the stakes come sooner but in smaller amounts. like .00005 daily (min time set to max time ie 2hr min to 12hr max per stake). so at the end of x-ll mining you have say 17mill coins generated and a cap of 42mill. The wallets will keep staking until 42 mil coins are made. depending on the percent this will take many years but it will keep adding coins. Thats actually idea.
 at 5-7% this could take arend 20-40 years