I disagree because when safecoin is introduced there is 15% existing. So on day 0 it is either 0 increase or infinity increase depending on if you start with zero coins or the 600 odd million coins. 600 odd million coins will exist when safecoin is introduced and everyone knows this so there is no change on day 0.
Then there could be negative number of coins to say 250 million coins increase in the first year. So an increase of negative%age to 38% increase of the number of coins. This is because coins have to be spent before rewards can be given. Then rewards are small until there is plenty of data for people to be requesting some of it.
Have you factored in to your calculations that the total coins existing will decrease significantly for the first few months and then start increase slowly before reaching some sort of steady increase (if steady is feasible)
So in year 1 the increase could be miniscule and is the reason we needed the kickstart of the 10% available for immediate spending and the 5% that is reserved for early investors is locked up till the early investors want to exchange their investment for coins. And that is unlikely since it’d be a loss at first.
BS, that was not anything like an attack. It was not directed at you nor where you thought of in that statement. It was directed at unidentified people who had not done their homework, nor is it an attack. Saying shame on some unidentified or identified person is not attacking. This is the argument of a troll, please do not do it. And that is not a personal attack either, it is asking you not to do that,
Yep and that is how long ago they were talking about it. BTW it was still up in 2016 or 2017 so a couple of years.
The reason I can say some things are wrong is that the algorithm will incorporate some things but its that we don’t yet know to what extend some things will be. My main complaint was about your original reasoning that the majority of the coins would be existing very early, but now that you have changed/moderated that view it is no longer relevant. Yes and a bit was my misreading a later post.
BTW when you say inflation of the coin it suggest a decrease in its intrinsic value and is why some have not liked your posts. The SAFECOIN will not lose any intrinsic value since that is in the network and is used to buy resources. If any value is lost or gained it is in the fiat value.
This is what I meant by the coin being a utility coin. For the SAFE network safecoin’s value is what it can do for “you” in the network and in that its value does not change because of the number of coins. If there is any change then it changes because of the amount of available space on the network. That really is a perceived change.
tl;dr
Due to the need for the network to have data before it can give farming rewards then my opinion is that there will be small growth in the number of safecoins in the first year. There might be plenty of rewards given but that is offset by the number of coins spend and destroyed. Maybe 250 million coins given in rewards and then 200 or 250 or 300 million spent/destroyed. This results in a small change in the number of coins existing.