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Topic: Bitflate - crypto with inflation - page 2. (Read 2960 times)

member
Activity: 324
Merit: 17
Bitflate developer
May 02, 2021, 08:22:01 PM
Yenten looks like a small coin. Its market cap is currently 217k. I don't think it's considered proven. But I don't mind supporting a hard fork with Yespower, like BitflateYes, if there's enough community support. I prefer hard-forking the blockchain to benefit existing coin holders.

Another thing that coins do including bigger coins like Myraid ($15m) is include Yespower as a proof of work option among other options.  This allows people with multiple types of hardware to mine, however the downside is each certain algorithm splits the pie so miners of a certain algorithm won't necessarily profit as much on a coin that supports multiple algorithms.  I think the reason Myraid gets lots of miners is it is merge mined in addition to multiple algorithms.

I am a supporter of the idea of BitflateYes fork, if that is what you want to do.  Also just a hardfork without a split in the chain will also work to benefit current coin holders, and people would just switch to mining Yespower for the future for Bitflate, there aren't many sha-256 miners on Bitflate anyways.

"yespower in particular is designed to be CPU-friendly, GPU-unfriendly, and FPGA/ASIC-neutral. In other words, it's meant to be relatively efficient to compute on current CPUs and relatively inefficient on current GPUs. Unfortunately, being GPU-unfriendly also means that eventual FPGA and ASIC implementations will only compete with CPUs, and at least ASICs will win over the CPUs"

https://www.openwall.com/yespower/

I found this quote in Yespower FAQ. Yespower isn't truly ASIC resistant. Eventually, ASIC will replace CPU mining for Yespower.
member
Activity: 322
Merit: 54
Consensus is Constitution
May 01, 2021, 03:15:08 PM
Less than 2 weeks left before the first halving!  Get in now on Mining Dutch Sha-256
member
Activity: 322
Merit: 54
Consensus is Constitution
April 28, 2021, 03:12:44 PM
Yenten looks like a small coin. Its market cap is currently 217k. I don't think it's considered proven. But I don't mind supporting a hard fork with Yespower, like BitflateYes, if there's enough community support. I prefer hard-forking the blockchain to benefit existing coin holders.

Another thing that coins do including bigger coins like Myraid ($15m) is include Yespower as a proof of work option among other options.  This allows people with multiple types of hardware to mine, however the downside is each certain algorithm splits the pie so miners of a certain algorithm won't necessarily profit as much on a coin that supports multiple algorithms.  I think the reason Myraid gets lots of miners is it is merge mined in addition to multiple algorithms.

I am a supporter of the idea of BitflateYes fork, if that is what you want to do.  Also just a hardfork without a split in the chain will also work to benefit current coin holders, and people would just switch to mining Yespower for the future for Bitflate, there aren't many sha-256 miners on Bitflate anyways.
member
Activity: 324
Merit: 17
Bitflate developer
April 28, 2021, 02:49:06 PM
Yenten looks like a small coin. Its market cap is currently 217k. I don't think it's considered proven. But I don't mind supporting a hard fork with Yespower, like BitflateYes, if there's enough community support. I prefer hard-forking the blockchain to benefit existing coin holders.
member
Activity: 322
Merit: 54
Consensus is Constitution
April 28, 2021, 02:26:12 PM
I have been looking for a list of inflationary crypto's but you can't just type in "list of inflationary cryptocurrency" and find anything.  So I was happy to stumble on Bitflate on MiningDutch.  Inflation is the way, what people especially miners need to realize that each year forever you can compete for a chunk of 7% of the current supply of a coin.  This puts miners in a great position to capitalize.  Miners should favor inflationary cryptos!

I am a sha-256 ASIC miner.  But ASIC's have a strong opportunity cost, I can make $5 a day mining BCH on an ASIC.  Wouldn't it be neat if you could mine Bitflate on your laptop or PC in the background or while you sleep, with a very low opportunity cost?

Yespower is a "new" algorithm and has proven itself to stay GPU and ASIC free for multiple years now and successful coins like Yenten use it.  It fulfills Satoshi's goal of 1 CPU = 1 Vote.  The creator makes updates to the algorithm to keep it GPU proof and will likely also update it if an ASIC is built to obsolete the ASIC (if we choose to update to that, or we could allow the ASICs).  Even if we allow ASICs, the ASICs will be made to mine Bitflate, and Bitcoin ASIC's would not be able to mine/attack Bitflate.  ASIC's being built for an algorithm make the price of a coin that uses that algorithm go up, somewhat strangely.  I think because ASIC's allow miners to scale easier...it is easier to buy a few ASICs and get ahead of the competition than a dozen servers.

Anyhow I suggest we change the algorithm of Bitflate to Yespower.  This way all of us can mine for very little cost/opportunity cost and secure the network against rogue Bitcoin miners who want to attack the network.  The only way a Yespower coin can be attacked is with large rented hashpower from something like Amazon AWS and that costs a lot.  An army of laptops can secure against that pretty well too.
jr. member
Activity: 39
Merit: 2
April 02, 2021, 02:13:48 PM
The Bitflate blockchain has passed 200k blocks!

Block: 200k
Supply: 10 million

200k block:
https://explorer.bitflate.org/block/0000000000000231684611e46e5b3fc5cefd92234a7c6100b3b6d52d9c28b2ac

Reminder: Bitflate is a crypto with 7% inflation. But for the first 3 epochs, rewards will halve. The first halving is from 50 to 25 at 210k blocks (~10 million coins). It is designed to give more coins to early adopters.
jr. member
Activity: 39
Merit: 2
March 15, 2021, 08:11:17 PM
I came across a Twitter thread about Bitcoin's volatility. It's worth reading through it and the responses. Most bitcoiners are still disillusioned about volatility. They think Bitcoin's price will stabilize at "some" point in the future. But it's likely that Bitcoin's volatility is inherent. The fix for it is inflation. That's why we need Bitflate.

https://twitter.com/jp_koning/status/1371497062299230219

"The price of bitcoin is inherently volatile." @jp_koning
jr. member
Activity: 39
Merit: 2
March 09, 2021, 03:03:33 AM
Hi everyone,

We released the Bitflate Whitepaper. In this paper, we describe:

- Why the market needs an inflationary cryptocurrency.
- Design of Bitflate.
- Design of an Elastic Monetary System.
- How this system can achieve Digital Cash.

https://bitflate.org/bitflate.pdf
member
Activity: 324
Merit: 17
Bitflate developer
January 25, 2021, 03:18:04 PM
Hi everyone,

We have a new release for the Bitflate Core client, v0.20.2. This is a required upgrade. In this version, we changed the pchMessageStart parameter. This change prevents Bitflate clients from connecting to Bitcoin clients. But it also prevents connection to older Bitflate clients. Please upgrade your client to get new blocks. Instructions for upgrade.

https://bitflate.org/post/2021/01/24/bitflate-binaries-v0.20.2.html
member
Activity: 324
Merit: 17
Bitflate developer
January 11, 2021, 06:10:30 PM
The Bitflate blockchain has passed 190k blocks!

Block: 190k
Supply: 9.5 million

190k block:
https://explorer.bitflate.org/block/00000000000000e1b4f51dff867b11212b3c101af7950e031dbc2e7fa4510250

Reminder: Bitflate is a crypto with 7% inflation. But for the first 3 epochs, rewards will halve. The first halving is from 50 to 25 at 210k blocks (~10 million coins). It is designed to give more coins to early adopters.
member
Activity: 324
Merit: 17
Bitflate developer
December 07, 2020, 02:20:43 AM
Hi everyone,

Bitflate is listed on Coinlore. Check it out if you want to trade your BFL coins. As always, please do your own research.

https://www.coinlore.com/coin/bitflate

Thanks.
member
Activity: 324
Merit: 17
Bitflate developer
October 05, 2020, 09:09:26 PM
#99
The Bitflate blockchain has reached 180k blocks!

Block: 180k
Supply: 9 million

180k block:
https://explorer.bitflate.org/block/000000000000070477546e34b992c8c3ed0373ff1b6ada00d8fd7da083e23853

Reminder: Bitflate is a crypto with 7% inflation. But for the first 3 epochs, rewards will halve. The first halving is from 50 to 25 at 210k blocks (~10 million coins). It is designed to give more coins to early adopters.
member
Activity: 324
Merit: 17
Bitflate developer
September 14, 2020, 02:20:17 PM
#98
Hi everyone,

I wrote an analysis of cryptocurrency from the Yi Ching point of view. Yi Ching is an ancient Chinese philosophy. I think it can inform us of design tradeoffs for cryptocurrency.

https://bitflate.org/post/2020/08/24/yi-ching-and-cryptocurrency.html

Bitcoin is deflationary. This property makes Bitcoin volatile. Yi Ching points us to a way to address this shortcoming: inflation. This is an inspiration for me to design Bitflate, a cryptocurrency with 7% inflation.
member
Activity: 324
Merit: 17
Bitflate developer
September 14, 2020, 02:16:39 PM
#97
The Bitflate blockchain has reached 170k blocks!

Block: 170k
Supply: 8.5 million

170k block:
https://explorer.bitflate.org/block/000000000000078017e9f032630854fd34d2c84b8c25d997c34cd7c266df9a75

Reminder: Bitflate is a crypto with 7% inflation. But for the first 3 epochs, rewards will halve. The first halving is from 50 to 25 at 210k blocks (~10 million coins). It is designed to give more coins to early adopters.
member
Activity: 324
Merit: 17
Bitflate developer
August 26, 2020, 01:19:40 PM
#96
The Bitflate blockchain has reached 160k blocks!

Block: 160k
Supply: 8 million

160k block:
https://explorer.bitflate.org/block/0000000000000339f3472b5646cbf5690d34ab5fbe82fcf3a55d0c3d6119708f

Reminder: Bitflate is a crypto with 7% inflation. But for the first 3 epochs, rewards will halve. The first halving is from 50 to 25 at 210k blocks (~10 million coins). It is designed to give more coins to early adopters.
member
Activity: 324
Merit: 17
Bitflate developer
July 31, 2020, 01:41:25 PM
#95
The Bitflate blockchain has reached 150k blocks!

Block: 150k
Supply: 7.5 million

150k block:
https://explorer.bitflate.org/block/000000000000010393918248c58261b575e3729ff3404975ff1347e32b437981

Reminder: Bitflate reward will halve from 50 to 25 at 210k blocks (~10 million coins). It is designed to give more coins to early adopters.
full member
Activity: 369
Merit: 101
July 29, 2020, 12:03:09 PM
#94
BFL is now listed on unnamed.exchange
https://www.unnamed.exchange/Exchange?market=BFL_BTC
member
Activity: 324
Merit: 17
Bitflate developer
July 25, 2020, 03:47:53 PM
#93
Hi Bitflate users,

There's a new release of Bitflate Core client v0.20.0. You can download and upgrade your client here:

https://bitflate.org/post/2020/07/25/bitflate-binaries-v0.20.0.html
member
Activity: 324
Merit: 17
Bitflate developer
July 15, 2020, 02:02:20 PM
#92
The Bitflate blockchain has reached 140k blocks!

Block: 140k
Supply: 7 million

140k block:
https://explorer.bitflate.org/block/000000000000006db9b8274bc5a78269be6fd33755b6770eed99ff918ba6a9e3

Reminder: Bitflate reward will halve from 50 to 25 at 210k blocks (~10 million coins). It is designed to give more coins to early adopters.
member
Activity: 324
Merit: 17
Bitflate developer
June 24, 2020, 06:16:35 PM
#91
Mining Update. The Bitflate blockchain has reached 130k blocks!

Block: 130k
Supply: 6.5 million

130k block:
https://explorer.bitflate.org/block/0000000000000433e27d4f4798ac36cf7be34d4896ad05c36db15ee791e956c0

Reminder: Bitflate reward will halve from 50 to 25 at 210k blocks (~10 million coins). It is designed to give more coins to early adopters.
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