Topic: Bitcoin inflation: 8% since last bubble (Read 3040 times)

Good to see somebody with a brain here for a change! Most trolls here think that you just need to make a dumbcoin which completely mines in five days, and then support it with a single desktop GPU to compete with bitcoin. Fact is, bitcoin is here for five years and hashrate *still* grows exponentially meaning it's network is nowhere near completion

Bitcoin has a high inflation rate for a reason. Without it miners would have very little motivation to keep pushing up the hashrate. With low hashrate it's much easier to double spend or otherwise overpower the consensus mechanism. If UNO hasn't been attacked yet it's because it's not valuable enough to be worth the effort.

agree on bitcoin halving too slow for this time and age. Must have been created by an old man. It's pretty obvious now how badly it is flawed with 10% inflation far into the adoption-time. Bitcoin halving quicker would have been better for stability aswell. Gradual rewarddecrease like 1% every now and then would have been ideal. Halving in 4 year intervals is just slopy planning. 4 years halving is too long. Uno or not: another coin with less inflation and less volatility will come to help bitcoin, no doubt.
Hold some quark too. XPM has potential too once pumped to the sky. Even litecoin could be better since it halves sooner. Everything is better than inflating bitcoin right now.
It is shocking how even paypal doesn't have a positive effect. Panic-selloff in bitcoin will come pretty sure. It'll crash and burn. Alts that can hold value will take over.
If bitcoin crashes hard now, it will just be another altcoin - the one with the most butthurt community.

Bitcoin is a coin for miners to cash out on the noobs.

Be prepared for panic now drop to 200$ slide to 100$ - long stagnation and decline back to 50$ and lower. Even Doge is a serious threat to bitcoin now.
If we see a panic in bitcoin doge will take over as the first coin of all of them. Others will follow.
Bitcoin will still be Top 10 for some time. I am not the only one seeing it, but the cult-followers can't see it.



not even the same algo. You are talking out of your ass obviously. Seen you in monero-thrad. That's a shitty pumpcoin, oh boy.

Yep this. Don't even want to argue with flawed logic which misses the major part - that any coin needs inflation time issuing new coins to support the network while services are being built before transactional revenues kick in, and the OP thinks that since "it's internet" everything with his shitcoin will just magically appear out of thin air in 2 years, probably created by a group of altruistic billionaires

So summary of this thread: OP is spamming yet another shitty altcoin. This is against Speculation board rules, mods please remove.

Low inflation with steady price means that nobody is buying. What uno performs well at is being uninteresting.

I'm skeptical about altcoins in principle, but reserve to keep an open mind in case there's an interesting niche demand that appears to be served well by some alt.

That said, "unobtainium" (wow. much name. such clever.) must be the least inspired attempt at alt creation I've seen in quite a while. Basically, Litecoin, but with lower inflation - yeah, that looks like a real Bitcoin killer...

Seriously though, I strongly suggest you get out of it. Some alts, with a very well defined profile and a competent dev team, might make sense. Unobtainium doesn't.

I was reading the post seriously until I got to the unobtainium part.
I was already preparing to make the classic counterargument that the dollar supply has also inflated about a trillion (through debt) in the same time...

... and then bam! You pump your altcoin.

What a waste of my time.

Oh fuck off.

No... Just fuck off.

Same arguments over and over again:

-high inflation -> devaluation
-miners dumping their coins on the market -> sell pressure
-vendors dumping coins immediately for fiat -> sell pressure
-danger of 51% attack
-energy waste because of pow
-very big holders who could dump every moment

Did i forget something?


The funny part is, if you would read threads from 1 or 2 years ago, you would read exactly the same arguments.

Think about it.

right. It is not uno or bitcoin. It is of course both. Bitcoin for the masses, when they arrive. In the meantime uno is good for those that are already around and want something with a lower inflation. Well, maybe i was a bit over the top to kick it off, lol.

Well, guys, check it out. Doesn't hurt. 10% portofolio in uno keeps the skin fresh

'store of wealth' not more, not less. It does what it says on the package. And it's clean.

I've read all the posts. There's such a strong undercurrent of 'zero sum' -- Bitcoin or Unobtanium. Unobtanium bills itself as a commodity (as V500 repeatedly states, 'a store of wealth.') It has fewer features than many coins. Its market-cap is a tiny fraction of Bitcoin's, so it is accepted in fewer places than Bitcoin.

But it was designed for a specific task, and it performs that task superlatively well . In fact, it performs that task so well that the 'problem' we Uno guys have is that we all end up sitting at the kitchen table, dutifully discussing how we need to raise volume because crypto folk are so (reasonably, in most cases) focussed on volume, and this weird thing happens: no one wants to sell their Uno. It's rare as hen's teeth. It's gettin' rarer by the day. Demand for the coin is strong and constant.

People own and hold cryptos for various purposes; and if you think that it is reasonable to 'temper' your portfolio with, say, 10% of a coin that holds it value well, and will continue to do so, then . . . Unobtanium.

Mark (IndiaMkeZulu), Australia

I love it when holders of alts pump their alt as the one and only solution to everything.

You know there is a reason why there exist what feels like a bazillion altcoins these days.
Very few coins bring true innovation. It is mostly about users wanting to get rich.

You can babble on about community and fairness all you want, the reality is you hold these coins because you want them to go up to profit, not because you want to buy bedsheets at overstock

that should change.

UNO's total hashrate is so low that 51% attack could be made really really easily. Even, I could do it.

having that inflation to punish the early adopters and accomodate the latecommers, where is the sense in that?

High volatility, oh boy.

The high inflation does benefit nobody really. Not even the latecomers. Because it is just eroding value nothing else. Where does that help latecomers? It is even bad for adoption.

maybe not. Maybe the price is too high. People buying it and adopting it, but they make a loss with it because of high price combined with inflation.
Saying: adoption is faster than what satoshi thought.
You get a bubble (internet spreading info fast, people adopt), price is high and the adoption drops off and inflation kills the price. Cycle repeat. Why torture people like that?

Adoption would be way faster if there was profit in it. Where is the reason to have high inflation? Latecomers are latecomers. The ones adopting first are rewarded and don't have to have so much pain during times of lower adoption. Bitcoin has a hard time to recover from those crashes each time.

Bitcoin has crashed in the past, multiple times, even worse than what we are dealing with now.  It will happen again even after we emerge from this until the market cap rises to a level where it won't.  For every seller there is a buyer.

guys, i really hope bitcoin gets its act together during next weeks and adoption picks up. Otherwise bad news.
Lots of people who adopted early could leave again.

It's time for a bullmarket. If that doesn't come people will leave, bitcoin can crash. Less inflating coin like uno provides a solution in case of slow adoption in case general population isn't impressed with paypal.
In any case uno is a good store of wealth. Isn't so depandant on adoption. Can hold it's value, it has proven that.

If bitcoin crashes hard. Dump it in uno. Better idea than taking a loss in a crash that will be caused mainly by inflation.

So, bitcoin's adoption rate is smaller than inflation?

My personal opinion is sooner than you would think.  It's been 24 hours.  These things take time.  We are seeing a divergence between news and price, not an uncommon phenomenon in the world of stocks.  Markets are not rational that often.  Forget the price for a moment, and think back over the last year, what do the developments, announcements, etc for Bitcoin have in common?  Is Bitcoin dying or growing?