Post
Topic
Board Bitcoin Discussion
Re: It's about time to turn off PoW mining
by
CoinHoarder
on 17/09/2014, 19:14:42 UTC
However, ~10% inflation is a lot when compared to cryptos that are truly deflationary. The comparison is comparing the lesser of two evils, and I personally would prefer to put money in a long term investment that is truly deflationary, rather than one that is less inflationary than the dollar yet still inflationary.

Wait, what crypto is "truly deflationary"?

I know this looks bad to keep brining up Bitshares, but it is the truth. Bitshares is one of the only (if not the only...) cryptos that is truly deflationary. Transaction and market fees are destroyed and no more BTSX will ever be printed apart from what was printed in the genesis block.

I noticed kokojie was getting ganged up on ITT, and since I share similar thoughts about PoW I thought I would help him out. So it is known, we are both Bitshares fanboys.. because it solves some of the glaring problems with the mainstream cryptos and the issues with PoW.