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Showing 3 of 3 results by Binarch00
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Topic
Board Speculation (Altcoins)
Re: 2019 will be better then 2017 :) ?
by
Binarch00
on 02/04/2019, 23:43:26 UTC
Yes I think the same 2019 will be a good year for crypto, we should see a recovery in some coin prices.
Post
Topic
Board Beginners & Help
Re: Exist any blockchain technology that fight the devaluation nature of crypto?
by
Binarch00
on 26/03/2019, 19:37:08 UTC
I wouldn't say there is any "internal nature trending more coins to devalue", rather it us a very competitive and growing market and within it are lots of poorly executed projects, which are bound to fail due to huge competition, but if you have a well organized and relevant project, there is no inherent limitation to it's success

You can understand better the devaluation problem size, calculating the rewards worth in new generated coins each 24 hours.
For BTC today in past 24 hours block rewards generate 1,788+33 BTC ($7,174,734.06 USD), this means a 7 millions USD added each day and 2.5 billion USD per year, a yearly value higher than amount printed in USD by FED.

For ETH today in past 24 hours block rewards generate 12,692+448.83+29.69+763.25 ETH ($1,868,314.54 USD), this means a 1.8 millions USD added each day and 0.6 billion USD per year.

This calculations show that if tomorrow BTC price reach x10 times the value 40,000 USD, the BTC network will be generating 70 millions USD each day, and 25 billions USD per year. Same for x100 times te price, if BTC price reach 400,000 USD tomorrow, the BTC network will be generating by rewards 700 millions USD each day, and 250 billions USD per year. This calculations show one of the reasons that make the BTC price almost impossible to reach big price values while the block rewards remains high.

This devaluation problem is repeated in most part of the coins an newer projects with smaller communities are more affected.
Could be interesting know projects based in block-chain that solve this devaluation problem attached to the original core design of block-chain.
Anyone know a good stable coin project that effectively solve this problem not affecting the decentralization?
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Topic
Board Beginners & Help
Topic OP
Exist any blockchain technology that fight the devaluation nature of crypto?
by
Binarch00
on 25/03/2019, 19:26:32 UTC
The blockchain technology use block rewards for miners, masternodes or coin holders PoS.
Usually hundreds of thousands of coins are generated in short time, few months due to block rewards.

This make many coins and blockchain technology have an internal nature trending more to coins devaluation.
Exist any blockchain technology that fight against block rewards and prevent the devaluation problems while at same time don't relax the blockchain decentralization and security?