Quote from: mhps on August 28, 2014, 05:37:29 AM

As a result I calculated in the follow up post that it will take at least 30 years to do that at current high coin generation rate, to help you to understant it better.

30 years to do what? PoW coin generation equal POS coin generation? I didn't say that, but why would that matter anyway? BTW I love how you are referencing a post a while back when I didn't think you were just a child wanting attention.

Quote from: mhps on August 28, 2014, 05:37:29 AM

Good to have faith. Your YACs today will be worth 10% by then (half of it due to POS) however, measured by percentage of coinbase (see my post in above link).

For anyone else who might also have this concept dreadfully confused...

If you want to say that 'inflation' (new money created), steals value from the money already in existence, then you have to ASSUME EVERYTHING ANYTHING EVER is a CONSTANT. Even if you make such a mindless approach, then still the total marketcap would be a constant, which is obviously proven otherwise.

As an example, the way PoS is supposed to work (originally with PeerCoin) is that it doesn't decrease the price as there is a huge incentive to hoard which lowers the money velocity--generally the opposite with PoW, but there are other factors.

Adoption, adoption, adoption. Inflation is a term for MONEY, and YACoin needs to become accepted as such. I think the way yacoins are being distributed in this adoption phase is new and interesting and different, which a coin surely HAS to be in order to potentially ever surpass bitcoin or government fiat. It would be interesting though to see a coin that had constant PoW RATE--block reward as a percentage of coins already in existence...

Changing block rewards is really just a question for one creating a new coin. Manipulating money supply of an existing coin is mind-boggling hypocritical for cryptocurrency. It is also absurd in effectiveness. It would be like banging your head against a wall to get rid of a headache.