Re: DigitalCoin.Co | Secure. Established. Active Development

If you seriously think changing the generation rate is going to give the coin value, then you're delusional. You can't give value to something that's worthless to begin with, and it's worthless because you can't SPEND it.

Thank God for simple math equations which tell you exactly what's needed to increase the value of a currency.

Yes, even a crypto currency.

Here it is, free of charge [this time].

Currency Value = Transaction Volume/Velocity + 1/Supply

Look at that, it doesn't get easier than that. And yes, you need to increase services which then increases the Transactions volume but look at the denominator where it says, supply; AMAZING, if you decrease that number the value of the currency increases as soon as demand or tx volume increases.

Now which variable is the easiest and cheapest to control in that equation; getting everyone to use DGC or changing one line of code? This is not a trick question.

How about doing that now (lowering the denominator - the supply) since it's free to do and will have a massive impact later on? I know, genius idea!

So while the devs work on increasing the transaction volume (mass adoption) why not ALSO kill the inflation/supply which, if ignored, will absolutely limit any real future upside potential this coin has.

Amazing eh, doing two things at once for optimal results? haha!

You're welcome!

The more I think about it the more I'm inclined to agree with Vlad, maybe we just need to cut the DGC supply right back for a bit even if DGC lose some miners in the process. The community can still provide a solid part of the hashrate though Scrypt ASICS etc to main the blockchain. Otherwise the price will struggle to come back up which is what we need if we want to make DGC more attractive to the commerce sector. Stores are not going to touch us if DGC is worthless. Also its not like you can't make re-adjustments to the mintrate again anyway if need be.

DGC has been around long enough too to say any such action is a ponzi scheme because the current entry price is ridiculously cheap and alot of investors like myself who bought alot of DGC at much higher prices last year have already lost substantial amounts of money if we sold up now.

Vlad might have said some crazy stuff in the past but also can make some very good calls. I remember him calling BTC to $1000+ when it was around $100 or so and everyone laughed including me. How wrong we were lol.

If you're trying to patronize me, then just stop responding. I could really care less, and nothing about economics is truly "simple".

I'm not disagreeing that supply is not an overall issue. What I'm disagreeing with is that supply is the fundamental issue that is driving the price down. I'm not going to argue any further about this because quite frankly its the same old thing from both of us. We're not going to convince each other than we're right, and its not productive in my mind to argue in front of everyone about which 2 schools of thought are more correct. The fact of the matter is that the supply argument is garbage if you have no outlet; and if you have too many coins its worthless to spend. I say we need to spend, Vlad says we need to cut. The only other thing I'll call out is that Vlad seriously called for a major cut on the coin production of Casinocoin and that went through. That coin has continued on the same pricing path that it had been on regardless of the generation rate cut. I do not see how reducing the generation rate is going to fix the problem that the coins are too abundant right now. If the idea is to fix it in the future, that's a great plan if the coin had some value currently so that it was worth something in the future as well. This doesn't just go for DGC here; this argument could be made for anything including Bitcoin if we wanted to sit around the table and debate stupid equations.

No business culture = No adoption = Gutter-trash

That's really the point I'm making here is that we have 0 businessmen leading us and right now we are guessing at what to do. If you want to save DGC or any of the cryptos that you like then find a real economist to analyses the problem. IF they think that supply is really the issue then chop it up and be done with it, but inaction is not helping anyone.