Bitflate - crypto with inflation - page 3.

dnprock

member

Activity: 324

Merit: 17

Bitflate developer

Quote from: Exadro on June 14, 2020, 04:01:31 AM

where is the mining pool for this coin? I see this coin is in Coingecko, but only has a value of 1satoshi and that too in the Unamed market. This is very unfortunate

I use mining-dutch pool.

https://www.mining-dutch.nl/

There's another pool.

http://bitflate.cminors-pool.com/

Exadro

jr. member

Activity: 194

Merit: 1

Quote from: dnprock on June 05, 2020, 02:48:41 PM

Mining Update. The Bitflate blockchain has reached 120k blocks!

Block: 120k
Supply: 6 million

120k block:
https://explorer.bitflate.org/block/00000000000001fe6f9fd500d2d83313656c98f643b3f9bf16c7473b6630298b

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. Still plenty of time to get coins before we reach 10 million coins.

0: 50 (~10 million)
1: 25 (~15 million)
2: 12.5 (~18 million)
3: 6.25 (end of halving)
4: 6.56 (start of inflation 7%)
5: 7.02
6: 7.51
7: 8.04
8: 8.60
9: 9.20
10: 9.85 (30 million)

We will not see the 50-coin block reward in more than 30 years.

I modeled the reward schedule in this sheet: https://docs.google.com/spreadsheets/d/1tdRWdqc0I9uMASXp-zY8TnVhoiTJUd-NIEnQrAl_3Lg/edit#gid=0

where is the mining pool for this coin? I see this coin is in Coingecko, but only has a value of 1satoshi and that too in the Unamed market. This is very unfortunate

dnprock

member

Activity: 324

Merit: 17

Bitflate developer

Mining Update. The Bitflate blockchain has reached 120k blocks!

Block: 120k
Supply: 6 million

120k block:
https://explorer.bitflate.org/block/00000000000001fe6f9fd500d2d83313656c98f643b3f9bf16c7473b6630298b

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. Still plenty of time to get coins before we reach 10 million coins.

0: 50 (~10 million)
1: 25 (~15 million)
2: 12.5 (~18 million)
3: 6.25 (end of halving)
4: 6.56 (start of inflation 7%)
5: 7.02
6: 7.51
7: 8.04
8: 8.60
9: 9.20
10: 9.85 (30 million)

We will not see the 50-coin block reward in more than 30 years.

I modeled the reward schedule in this sheet: https://docs.google.com/spreadsheets/d/1tdRWdqc0I9uMASXp-zY8TnVhoiTJUd-NIEnQrAl_3Lg/edit#gid=0

dnprock

member

Activity: 324

Merit: 17

Bitflate developer

Hi everyone,

More people are discovering Bitflate. Check out this thread on Twitter.

https://twitter.com/JacobBarnette/status/1264595838992605185

coronga

jr. member

Activity: 84

Merit: 6

refercoins.com

Quote from: dnprock on May 13, 2020, 05:34:54 PM

The Bitflate blockchain has reached 110k blocks!

Block: 110k
Supply: 5.5 million

110k block:
https://explorer.bitflate.org/block/0000000000000917d93fd5e883bd53c2be045c084fd98e8f6aa0acb1fd7240fd

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. Still plenty of time to get coins before we reach 10 million coins.

0: 50 (~10 million)
1: 25 (~15 million)
2: 12.5 (~18 million)
3: 6.25 (end of halving)
4: 6.56 (start of inflation 7%)
5: 7.02
6: 7.51
7: 8.04
8: 8.60
9: 9.20
10: 9.85 (30 million)

We will not see the 50-coin block reward in more than 30 years.

I modeled the reward schedule in this sheet: https://docs.google.com/spreadsheets/d/1tdRWdqc0I9uMASXp-zY8TnVhoiTJUd-NIEnQrAl_3Lg/edit#gid=0

So good, crypto have inflation but is controled ETF is printing billion of fiat money and crypto we know all the amount that is being created and circualting, well done for bringing that.

dnprock

member

Activity: 324

Merit: 17

Bitflate developer

The Bitflate blockchain has reached 110k blocks!

Block: 110k
Supply: 5.5 million

110k block:
https://explorer.bitflate.org/block/0000000000000917d93fd5e883bd53c2be045c084fd98e8f6aa0acb1fd7240fd

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. Still plenty of time to get coins before we reach 10 million coins.

0: 50 (~10 million)
1: 25 (~15 million)
2: 12.5 (~18 million)
3: 6.25 (end of halving)
4: 6.56 (start of inflation 7%)
5: 7.02
6: 7.51
7: 8.04
8: 8.60
9: 9.20
10: 9.85 (30 million)

We will not see the 50-coin block reward in more than 30 years.

I modeled the reward schedule in this sheet: https://docs.google.com/spreadsheets/d/1tdRWdqc0I9uMASXp-zY8TnVhoiTJUd-NIEnQrAl_3Lg/edit#gid=0

dnprock

member

Activity: 324

Merit: 17

Bitflate developer

Hi everyone,

I wrote a new article about the role of inflationary cryptocurrency in this crisis. Here's the discussion post:

We Need Inflationary Cryptocurrency
https://bitcointalksearch.org/topic/we-need-inflationary-cryptocurrency-5243786

dnprock

member

Activity: 324

Merit: 17

Bitflate developer

The Bitflate blockchain has reached 100k blocks!

Block: 100k
Supply: 5 million

100k block:
https://explorer.bitflate.org/block/00000000000001e34e2bfd8eaed52bbff3e81b6340bb350594f7d3aaad1ac1b2

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. Still plenty of time to get coins before we reach 10 million coins.

0: 50 (~10 million)
1: 25 (~15 million)
2: 12.5 (~18 million)
3: 6.25 (end of halving)
4: 6.56 (start of inflation 7%)
5: 7.02
6: 7.51
7: 8.04
8: 8.60
9: 9.20
10: 9.85 (30 million)

We will not see the 50-coin block reward in more than 30 years.

I modeled the reward schedule in this sheet: https://docs.google.com/spreadsheets/d/1tdRWdqc0I9uMASXp-zY8TnVhoiTJUd-NIEnQrAl_3Lg/edit#gid=0

dnprock

member

Activity: 324

Merit: 17

Bitflate developer

Twitter has reminded me that @bitflate account is 1-year-old. It's been a fun ride. Follow me on Twitter for more updates:

https://twitter.com/bitflate/status/1250599403884212224

dnprock

member

Activity: 324

Merit: 17

Bitflate developer

Hi everyone,

I wrote a new post about deflation.

The Coronavirus and A Deflationary Crisis
https://bitflate.org/post/2020/04/11/the-coronavirus-and-a-deflationary-crisis.html

This is why I think we need the Bitflate experiment with inflation.

dnprock

member

Activity: 324

Merit: 17

Bitflate developer

Bitflate is recently listed on CoinDataFlow.com. They've got good data.

https://coindataflow.com/en/currency/bitflate

dnprock

member

Activity: 324

Merit: 17

Bitflate developer

I've created a new release for Bitflate Core client v0.19.0.1. See release details here:

https://bitflate.org/post/2020/03/27/bitflate-binaries-v0.19.0.1.html

dnprock

member

Activity: 324

Merit: 17

Bitflate developer

I wrote a new article: Bitcoin is a Store of Value

https://bitflate.org/post/2020/03/17/bitcoin-is-a-store-of-value.html

This is an article that pairs up with a previous article: Bitcoin Will Not Be a Medium of Exchange

https://bitflate.org/post/2019/11/24/bitcoin-will-not-be-a-medium-of-exchange.html

There's also a discussion in the Bitcoin section of this forum.

https://bitcointalksearch.org/topic/bitcoin-is-a-store-of-value-5233624

These articles explain the need for Bitflate, a crypto with constant inflation. We can use it as a Medium of Exchange.

dnprock

member

Activity: 324

Merit: 17

Bitflate developer

I wrote a new article about DAI, a prominent Ethereum-backed decentralized stablecoin: https://bitflate.org/post/2020/03/14/the-problem-with-dai.html

I've told others that it's not viable to create a stablecoin on top of volatile assets. A viable approach for a digital native stablecoin is to add inflation. That's Bitflate. Since it is digital native crypto, we won't be able to control its short-term price. But over long-term, its price will remain stable. This is the tradeoff we have to make for decentralization.

CodeMason

newbie

Activity: 16

Merit: 0

Quote from: dnprock on February 22, 2020, 01:00:57 AM

There's an opinion article on Bloomberg. It makes the case for adding inflation to cryptocurrency. Check out the Bitflate experiment. I think people will realize the usefulness of Bitflate.

https://www.bloomberg.com/opinion/articles/2020-02-21/bitcoin-s-future-as-real-currency-like-dollar-relies-on-inflation

Thanks for sharing, the opinion of the article is really enlightening.

dnprock

member

Activity: 324

Merit: 17

Bitflate developer

Thanks iegservers. We just passed 90k blocks!

This crypto and equity crash shows the need for a crypto for transactions. Existing blockchains with capped supply are very volatile. DAI stablecoin is failing under volatility. I believe that our best shot of making a digital native stablecoin is Bitflate.

Everything is crashing, Bitflate is marching forward.

Block: 90k
Supply: 4.5 million
Difficulty: 5M

90k block here:
https://explorer.bitflate.org/block/00000000000001b106a5ace1c4dc661fa8f0e775f591c4c54ab04898209fa76c

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. Still plenty of time to get coins before we reach 10 million coins.

0: 50 (10 million)
1: 25 (15 million)
2: 12.5
3: 6.25 (end of halving)
4: 6.56 (start of inflation 7%)
5: 7.02
6: 7.51
7: 8.04
8: 8.60
9: 9.20
10: 9.85 (30 million)

iegservers

member

Activity: 96

Merit: 10

Quote from: dnprock on December 23, 2019, 08:23:22 PM

Mining update: Bitflate just passed 80k blocks and 4 million coins in circulation.

Block: 80k
Supply: 4 million
Difficulty: 5M

80k block here:
https://explorer.bitflate.org/block/00000000000007f7709693f82eb7ef89cb5a11b200aab7ddb3cb2432fed91d6a

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. Still plenty of time to get coins before we reach 10 million coins.

0: 50 (10 million)
1: 25 (15 million)
2: 12.5
3: 6.25 (end of halving)
4: 6.56 (start of inflation 7%)
5: 7.02
6: 7.51
7: 8.04
8: 8.60
9: 9.20
10: 9.85 (30 million)

About to hit 90k blocks in less than 19 blocks!

dnprock

member

Activity: 324

Merit: 17

Bitflate developer

I'm preparing a merge for Bitflate Core client 0.19. If anyone has C++ experience and interested in Bitflate, please help review the changes. In this patch, I fixed all of the failing tests.

https://github.com/bitflate/bitflate/pull/19/files

dnprock

member

Activity: 324

Merit: 17

Bitflate developer

There's an opinion article on Bloomberg. It makes the case for adding inflation to cryptocurrency. Check out the Bitflate experiment. I think people will realize the usefulness of Bitflate.

https://www.bloomberg.com/opinion/articles/2020-02-21/bitcoin-s-future-as-real-currency-like-dollar-relies-on-inflation

dnprock

member

Activity: 324

Merit: 17

Bitflate developer

Mining update: Bitflate just passed 80k blocks and 4 million coins in circulation.

Block: 80k
Supply: 4 million
Difficulty: 5M

80k block here:
https://explorer.bitflate.org/block/00000000000007f7709693f82eb7ef89cb5a11b200aab7ddb3cb2432fed91d6a

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. Still plenty of time to get coins before we reach 10 million coins.

0: 50 (10 million)
1: 25 (15 million)
2: 12.5
3: 6.25 (end of halving)
4: 6.56 (start of inflation 7%)
5: 7.02
6: 7.51
7: 8.04
8: 8.60
9: 9.20
10: 9.85 (30 million)

Topic: Bitflate - crypto with inflation - page 3. (Read 2960 times)