Topic: An Implementation of Deflation in a Coin? (Read 355 times)
Deflation will occur automatically once the max number of coins have been reached so all of the cryptocurrencies will eventually have deflation (money supply doesn't increase anymore but supply of goods is still increasing). So if you REALLY want to create a deflating cryptocurrency, just release it with all of the coins and no miners. However, I don't see why you would want to inflate/deflate cryptocurrencies since the prices will just adjust automatically when you are converting to cash.
I know that PoS can be used to make 1% inflation, so how would one go about making a 1% deflation? [I'm coupling it with PoS, don't ask why, I just am as a project].
I know it isn't as simple as using TxFees, and I don't want to destroy all TxFees. I just want to destroy 1% of the coins over a 365.2425 day length of time. That way it would make room for the new 1% of PoS coins.
I know it isn't as simple as using TxFees, and I don't want to destroy all TxFees. I just want to destroy 1% of the coins over a 365.2425 day length of time. That way it would make room for the new 1% of PoS coins.
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