Is this the reason the bitcoin price is not exploding right now?
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I’m going to lock this thread. I made it so I can lock it :P
Points were made and things are going in the direction they always have been. We have Core to testnet still and after that we can begun the livly debate of PoS/DPoS/*shudders*inflation
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Oh no you don’t haha
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Fair game
Its a hot topic.
I bet this will bring randoms to the forum I suppose.
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So, PTS mining is the way to go? I’m confused. What is the bottom line to all of this…?
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So, PTS mining is the way to go? I’m confused. What is the bottom line to all of this…?
The bottom line? It’s BTC/USD:294, FTC/BTC: 0.00001034.
Is PoS mining the way to go? I don’t know about “the way to go”, but it is one solution to the blockchain security issue.
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DPoS allows for a high amount of tx’s per second without compromising network security. It’s highly scalable and is the best thing we have for long term sustainability It seems. With or without changing the inflation model.
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DPoS allows for a high amount of tx’s per second without compromising network security. It’s highly scalable and is the best thing we have for long term sustainability It seems. With or without changing the inflation model.
If you define long term sustainability as simply having Blockchain Security, you’re probably right. If you define it as a healthy renewal of resources and fresh market appeal for the coin, then you gotta do something about inflation. You just can’t ignore it any longer.
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Cryptos and the ol inflationary argument >:D
You can paint inflation (like a statistic) anyway you want,
eg
Ask anyone how many bitcoin there are and most will reply 21 million…no? So therefore the market values bitcoin based on the fact that there be a possible 21 million of them.
In any game where the price is determined by the market the market is the only truth.
If you in ftc where to change any fundamental aspect of ftc you’d be again making the same mistake of the past, in other thread someone reply to me that the code is the truth, how could anyone trust ftc code if its funamentals are changed on a whim?
ftc problem is not inflation its market liquidity (tis even why ur main exchange dumped u).
(hell at the beginning wasn’t ftc pumping coins out so quick most accused it of instamine, yet tis price was higher for periods after that).
i’m not saying change of algos was a mistake, u guys where in a damned if u do damned if you dont place with that, the mistake was going scrypt in the first place, did your dev even know the real reason litecoin went scrypt (and no it wasn’t to avoid asics)?
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I agree Kelsey. In terms of economics you can paint any number of “truths”.
If we think that we have more knowledge than all of the economists in the world who could not for see the future then this is exactly when a mistake will be made.
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So are we switching to DPoS or are we sitting here with wet pants wondering why the pants are wet?
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I believe Lizhi is looking at DPoS. The work needed for DPoS is huge though, it isn’t something you just ‘switch’
