Topic: Inflation rate (coin supply growth) of major alt-coins (UPDATED 2013-06-26) (Read 4670 times)
November 22, 2013, 05:23:18 PM
Thanks, appreciated
November 22, 2013, 04:57:53 PM
Here are more recent stats:
Code:
BTC 12024300 10.9%
PPC 20776475 6.7%
XPM 3132323 167.7%
NVC 602726 108.0%
LTC 23224750 45.3%
PPC 20776475 6.7%
XPM 3132323 167.7%
NVC 602726 108.0%
LTC 23224750 45.3%
November 15, 2013, 01:10:09 PM
I wonder what the current inflation rates are.
August 02, 2013, 10:53:23 AM
Is there interest to keep updated the list? It would be time for a new issue, but only if someone will read it 
Also, does someone know if there is an easy way to automatize the exploring of the blockchains on-line with a script, or would I have to download all blockchains? Perhaps there is an API of some block explorers? Would be helpful if someone can enlight me
Also, does someone know if there is an easy way to automatize the exploring of the blockchains on-line with a script, or would I have to download all blockchains? Perhaps there is an API of some block explorers? Would be helpful if someone can enlight me
July 06, 2013, 04:30:38 PM
It's really interesting to see all the altcoins have higher inflation rates than BTC.
It occurs to me that 14% inflation rate is already way too high . . . do we really need $360,000 worth of new coins for miners every day?
An altcoin with a low inflation rate would be interesting.
It occurs to me that 14% inflation rate is already way too high . . . do we really need $360,000 worth of new coins for miners every day?
An altcoin with a low inflation rate would be interesting.
That's only because all altcoins are very young, the oldest surviving one, Namecoin, is from April 2011. Most cryptocoins share the design principle to have a declining inflation. So inflation of the older altcoins in 2-3 years will be significantly lower.
The only way I see to get a low-inflation coin in the first years would be a massive premine or a very fastly descending inflation curve which is essentially the same because both would favour early adopters in a disproportionate way.
July 02, 2013, 10:38:18 AM
We've explored that possibility, but then I don't see what would prevent people from sending the coins to themselves
I'd recommend run off voting - you'd need to secure 51% higher preferences to target a bounty to yourself. It might be that many users could collaborate to get 51% to support a bounty that simply distributed it to those who voted for it . . but you'd still need 51% higher preferences. And such behaviour would cause the value of the coin to drop . . it wouldn't be in the owners enlightened self interest to do so.
July 02, 2013, 05:51:31 AM
We've explored that possibility, but then I don't see what would prevent people from sending the coins to themselves, much like ppcoin does. Effectively disabling demurrage.
You're welcome to write your own proposal for distribution on this subforum:
http://www.freicoin.org/freicoin-foundation-f15.html
But the proof of stake voting (often reffered to in our forums as "republicoin") needs more development and we want to start with simpler mechanisms like a simple faucet, increasing the donations to crowdfunding projects approved by the foundation, indirectly subsidizing voluntary computing projects (often called "curecoin"), etc.
Of course this is my personal opinion and other people in the community may see things differently. The goal is to experiment with different mechanisms that are reasonable for must of the community.
Anyway, this is getting pretty off-topic so you may want to keep discussing this in freicoin's forum or in one of the several threads dedicated to the foundation here in bitcointalk (or start your own and pm me).
You're welcome to write your own proposal for distribution on this subforum:
http://www.freicoin.org/freicoin-foundation-f15.html
But the proof of stake voting (often reffered to in our forums as "republicoin") needs more development and we want to start with simpler mechanisms like a simple faucet, increasing the donations to crowdfunding projects approved by the foundation, indirectly subsidizing voluntary computing projects (often called "curecoin"), etc.
Of course this is my personal opinion and other people in the community may see things differently. The goal is to experiment with different mechanisms that are reasonable for must of the community.
Anyway, this is getting pretty off-topic so you may want to keep discussing this in freicoin's forum or in one of the several threads dedicated to the foundation here in bitcointalk (or start your own and pm me).
July 02, 2013, 05:35:58 AM
Yes, we're worried and that's why we're working on solutions in which the foundation doesn't take much direct decisions, only deciding which projects are elegible to receive funds, and how much goes to each distribution mechanism. There's a proposal to use proof-of-stake to vote on the later.
Proof-of-stake voting is a move in the right direction IMNSHO. Perhaps you could do away with the foundation altogether and let PoS voting decide where to allocate the funds.
Therefore in the event of foundation corruption it will be quickly known by all users, who will create a hardfork stopping the flow of funds to the foundation
A fork would be messy. Perhaps you could use the PoS voting to elect a Freicoin address to receive the funds. If the owners of the currency believed the foundation to be corrupt, or incompetent or whatever, other organizations could nominate their own Freicoin address, and coin owners could vote for whichever they thought best.
July 02, 2013, 05:16:31 AM
After 3 years Freicoin will have the lowest monetary inflation at 0%.
Does anybody knows if there's any coin having its maximum supply issued sooner?
Does anybody knows if there's any coin having its maximum supply issued sooner?
Looks like Infinitecoin (misnomer) will have the vast majority of its coins issued after only 6 months.
Interesting, I thought it didn't have a cap.
The paperwork for the foundation is still keeping us back, but we hope that many interesting things can be done with the seigniorage instead of "hiring more security than we need".
Aren't you worried all those Freicoins will have a corrupting influence on the foundation? What keeps it honest?
Yes, we're worried and that's why we're working on solutions in which the foundation doesn't take much direct decisions, only deciding which projects are elegible to receive funds, and how much goes to each distribution mechanism. There's a proposal to use proof-of-stake to vote on the later.
Anyway the foundation distribution will be completely transparent (this is possible with blockchain currencies, an state publishing all its expenditures to the detail couldn't be this transparent with fiat): anyone will be able to audit it.
Therefore in the event of foundation corruption it will be quickly known by all users, who will create a hardfork stopping the flow of funds to the foundation and even freezing the funds it has or cancelling some late payments.
In that case, either freicoin will be issued in more than 3 years or the subsidy to miners function will change.
July 02, 2013, 01:13:40 AM
Thanks for the data, it would be nice to have YAC added here, according to http://coinmarketcap.com/ it's the coin with highest market cap of all the latest coins ATM.
July 02, 2013, 12:25:27 AM
After 3 years Freicoin will have the lowest monetary inflation at 0%.
Does anybody knows if there's any coin having its maximum supply issued sooner?
Does anybody knows if there's any coin having its maximum supply issued sooner?
Looks like Infinitecoin (misnomer) will have the vast majority of its coins issued after only 6 months.
The paperwork for the foundation is still keeping us back, but we hope that many interesting things can be done with the seigniorage instead of "hiring more security than we need".
Aren't you worried all those Freicoins will have a corrupting influence on the foundation? What keeps it honest?
July 01, 2013, 04:51:30 PM
Thank you for collecting the data.
After 3 years Freicoin will have the lowest monetary inflation at 0%.
Does anybody knows if there's any coin having its maximum supply issued sooner?
Of course not. If that were the case btc wouldn't make it without the initial subsidy. That's why we wanted to separate "mining for security" from "mining as issuance mechanism" on Freicoin.
The paperwork for the foundation is still keeping us back, but we hope that many interesting things can be done with the seigniorage instead of "hiring more security than we need".
To me matching donations (say giving away 2% of the value donors have given to the project they've chosen) for crowdfunding projects is the most promising option in my opinion. It will allow the foundation to distribute coins without having to decide how much goes to each project: donors will vote with their pockets.
The main point is...you don't need to turn all the seignoriage into heat for the currency to be profitable to mine or secure. And the challenge is finding new ways of distributing the coins different from mining (although SCIP will make mining less wasteful in the future). We will be able to help cure cancer while securing the network after all.
After 3 years Freicoin will have the lowest monetary inflation at 0%.
Does anybody knows if there's any coin having its maximum supply issued sooner?
It's really interesting to see all the altcoins have higher inflation rates than BTC.
It occurs to me that 14% inflation rate is already way too high . . . do we really need $360,000 worth of new coins for miners every day?
It occurs to me that 14% inflation rate is already way too high . . . do we really need $360,000 worth of new coins for miners every day?
Of course not. If that were the case btc wouldn't make it without the initial subsidy. That's why we wanted to separate "mining for security" from "mining as issuance mechanism" on Freicoin.
The paperwork for the foundation is still keeping us back, but we hope that many interesting things can be done with the seigniorage instead of "hiring more security than we need".
To me matching donations (say giving away 2% of the value donors have given to the project they've chosen) for crowdfunding projects is the most promising option in my opinion. It will allow the foundation to distribute coins without having to decide how much goes to each project: donors will vote with their pockets.
The main point is...you don't need to turn all the seignoriage into heat for the currency to be profitable to mine or secure. And the challenge is finding new ways of distributing the coins different from mining (although SCIP will make mining less wasteful in the future). We will be able to help cure cancer while securing the network after all.
June 30, 2013, 02:22:48 PM
VERY interesting info, especially for us.
Thanks d5000
Thanks d5000
June 30, 2013, 02:07:18 PM
It's really interesting to see all the altcoins have higher inflation rates than BTC.
It occurs to me that 14% inflation rate is already way too high . . . do we really need $360,000 worth of new coins for miners every day?
An altcoin with a low inflation rate would be interesting.
It occurs to me that 14% inflation rate is already way too high . . . do we really need $360,000 worth of new coins for miners every day?
An altcoin with a low inflation rate would be interesting.
June 26, 2013, 02:51:23 PM
Updated the list to 2013-06-26. Now we have the first real 30-day inflation data. 365-day value is still a simple projection.
Some things I noted:
- BTE is still in a problematic situation as the difficulty seems still way to high for the actual hashrate. So it has still the "lowest inflation", but only because of the problems with the blockchain.
- CNC has improved a bit, but still has few blocks per day.
- FTC has resolved the hi-diff-slowdown and is now the coin with the highest inflation. That is normal because it's the second-youngest coin in the list. Bitbar is a bit less inflationary because of the proof-of-stake design.
- NVC has a significantly higher inflation rate now. That could be related to the higher PoS interest rate implemented in NVC 0.4.2. Interesting to observe how this continues.
The other coins have about the same inflation as in the last issue:
- A low-inflation group with BTC, PPC and (for now) BTE and CNC
- a mid-inflation group with LTC, NMC, FRC and DVC (now NVC could be added to this group)
- a high-inflation group with BQC and the younger coins.
Some things I noted:
- BTE is still in a problematic situation as the difficulty seems still way to high for the actual hashrate. So it has still the "lowest inflation", but only because of the problems with the blockchain.
- CNC has improved a bit, but still has few blocks per day.
- FTC has resolved the hi-diff-slowdown and is now the coin with the highest inflation. That is normal because it's the second-youngest coin in the list. Bitbar is a bit less inflationary because of the proof-of-stake design.
- NVC has a significantly higher inflation rate now. That could be related to the higher PoS interest rate implemented in NVC 0.4.2. Interesting to observe how this continues.
The other coins have about the same inflation as in the last issue:
- A low-inflation group with BTC, PPC and (for now) BTE and CNC
- a mid-inflation group with LTC, NMC, FRC and DVC (now NVC could be added to this group)
- a high-inflation group with BQC and the younger coins.
June 09, 2013, 07:54:40 PM
Thanks for putting this together, really interesting info.
June 09, 2013, 07:00:16 PM
I have added Namecoin. I think the calculation is nearly accurate although the NMC block explorer doesn't show the total NMC amount at every block. Now all major alt-coins are present.
June 07, 2013, 11:49:27 AM
Yes, I think they are included. Source is cryptocoinexplorer.com which shows all Novacoins created since the genesis block.
June 07, 2013, 10:48:42 AM
I can compare the 10 last days before 2013-05-19 when 0.4.2 was released (I hope date is right?)
Inflation in NVC 0.4.1 seems to have been significantly higher:
1,118 % inflation / 10d before 2013-05-19 and 0,632 % / 10d after the update.
Inflation in NVC 0.4.1 seems to have been significantly higher:
Code:
21934 2013-05-19 07:58:32 2 3.534864 0.023 391837.908362
20163 2013-05-09 08:00:22 2 22.64 0.026 387501.904405
4336 / 387501 = 0.01118
20163 2013-05-09 08:00:22 2 22.64 0.026 387501.904405
4336 / 387501 = 0.01118
1,118 % inflation / 10d before 2013-05-19 and 0,632 % / 10d after the update.
Coin market cap shows there only being 287,413 NVC right now. Do your numbers here include the 100,000 that were burnt?
June 07, 2013, 05:21:18 AM
I can compare the 10 last days before 2013-05-19 when 0.4.2 was released (I hope date is right?)
Inflation in NVC 0.4.1 seems to have been significantly higher:
1,118 % inflation / 10d before 2013-05-19 and 0,632 % / 10d after the update.
Inflation in NVC 0.4.1 seems to have been significantly higher:
Code:
21934 2013-05-19 07:58:32 2 3.534864 0.023 391837.908362
20163 2013-05-09 08:00:22 2 22.64 0.026 387501.904405
4336 / 387501 = 0.01118
20163 2013-05-09 08:00:22 2 22.64 0.026 387501.904405
4336 / 387501 = 0.01118
1,118 % inflation / 10d before 2013-05-19 and 0,632 % / 10d after the update.
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