What about this new teampaycoin staking website? What do you guys think about that?
Scam
or
Increased inflation
#trug
On increased inflation: the site is offering a share of the existing stake rate. It is not increase inflation in any way.
Those coins would be in the wallet and at lower rates or offline.
They're using two existing Primary Controllers, so no new controller.
Instead of filling it with coins from the market, they're allowing any XPY holders (or even new people) to store their XPY there in the Primary Controller until both are full (250k XPY).
The controllers will be scraped off (so no compounding) and the scrape paid out daily to the xpy holders who stored it there.
SO, it will increase circulation (as the scrape is no longer sitting stagnant, and is to be paid back to the xpy holders), but it is not increasing inflation in the coin.
While people have xpy stored in a primary controller, they get to participate in voting about the future of the coin and (possibly) participate in a community bid/purchase of controllers in the next round.
In other words - HashStaker 2.0. Perhaps an attempt to counteract the dumpage when 6-month Hashstakers expire.
Now what would the users vote for? If you have your coins locked into those 90-day staking wallets, would you vote for REDUCING the stake rate? For burning the controllers? Sounds like two votes for continued hyperinflation guaranteed.
Yes, I'm 5-6 pages behind, so I'm probably just repeating something that's been already said about 50 times. Carry on.
