I agree, sounds good in theory but would be tough in practice. I guess my point is - until there is more buy pressure, or a heckuva lot more hash on the multipool, the price of M is going to stay where it is now.
Actually, the price of M is more likely to decline in proportion to the increase in supply of M (due to POS), according to classic economic theory, unless demand can be increased.We have only created another 53 coins since we switched to PoS. The last buy on the multipool was over 40 just for SHA alone, granted it was a very long shift, but the point still stands that the multipool very easily overpowers the amount created by PoS
Yes, but you are forgetting something. We don't pay fees to miners or anyone else. Any fee paid is discarded by the network and destroyed forever to help combat inflation at an uncontrollably fast rate. Combine normal trading transfers, as well as the 30 day max of staking before you have to move them again, and it should do well to control inflation alongside all the other tools and services to get them into strong hands of holders and stakers
Yes, we will have some inflation, but with this method it will be far, far less than a coin secured through Proof of Work
This reminded me,
