I don't think masternodes are necessary. There is sufficient support in the network for IFLT. I have ~6...8 connections all the time, so we don't really need masternodes. Should focus on application, that becomes more and more key, not value, not community, not bubbles. Practical application, and the rest will fall in place.
Mobile wallet maybe a driver here. People need to start using coins. Like that Pizza for 100000 BTC some years back.
Topic: InflationCoin - IFLT - 4% POS - SourceForge Project of the week 2018 - page 34. (Read 96986 times)
December 24, 2017, 12:28:33 AM
December 22, 2017, 03:23:47 PM
I see 2 camps here. One that want to maximize their profit, thus burn coins, reduce supply and make masternodes to get higher stakes. Not good! And the other one that looks into practical applicability of the coin. I see myself in the second camp. I'm happy to see a huge amount of tiny coins floating around. I said already that micro financing would be a great application and IFLT would be right sized for just that. Not too few coins that would be too expensive (forget about satoshis, count full numbers) and not too many that look inflationary for that purpose (like IOTA would be, but they have another target).
So, again, I think we need to discuss strategy here, not marketing, technicalities or short term rubbish. Rebranding would be an important part, if the strategy is decided. And I would like to see it going into micro payment direction. And we have an Android wallet for this already, of course it would need major rework, but the basics are there already.
So, again, I think we need to discuss strategy here, not marketing, technicalities or short term rubbish. Rebranding would be an important part, if the strategy is decided. And I would like to see it going into micro payment direction. And we have an Android wallet for this already, of course it would need major rework, but the basics are there already.
I agree with your opening statement. Although I did mention masternodes I too would lean more to camp 2. I do feel that masternodes are a good way to secure coin longevity but at 80% that would put this coin into an inflationary stage that there are just way to many coins. However, if masternodes could be implemented alongside of something like you have stated here such as micro financing, we could preserve longevity while creating a viable use-case for IFLT. I like the way you think, and look forward to reading more of your ideas.
December 22, 2017, 09:23:03 AM
I'd be happy to discuss some opportunities, implications and possibilities related to micro financing, but not here. I don't know what the background is, who is developer, who is doing what, if, for IFLT. But yeah. We could talk. I'm invested enough to run a masternode which I would not do either way. So let's talk future.
December 22, 2017, 04:09:45 AM
which pool is working and stable?!
Install the IFLT wallet on your computer, download the blockchain, encrypt the wallet. Then you buy a couple of million IFLTs and send them to your wallet. Unlock it for POS and there you go. Staking will start 24h after the coins are mature. So more you have so more and faster you can stake.The PoS ratio is 80% per year.
December 22, 2017, 03:27:06 AM
General article about micro financing as this seems to be of some interest here after all 
https://en.wikipedia.org/wiki/Microfinance
https://en.wikipedia.org/wiki/Microfinance
December 22, 2017, 03:13:04 AM
Look up micro financing. It's particularly interesting for developing countries where many people don't have bank accounts, but a smart phone.
What is micropaymants? Is it a small amount of financing? Who are the beneficiaries? December 22, 2017, 01:21:09 AM
Look up micro financing. It's particularly interesting for developing countries where many people don't have bank accounts, but a smart phone.
What is micropaymants? Is it a small amount of financing? Who are the beneficiaries? December 22, 2017, 01:14:07 AM
Like peer to peer lending
Could be one application, yes. December 21, 2017, 10:40:59 PM
which pool is working and stable?!
Install the IFLT wallet on your computer, download the blockchain, encrypt the wallet. Then you buy a couple of million IFLTs and send them to your wallet. Unlock it for POS and there you go. Staking will start 24h after the coins are mature. So more you have so more and faster you can stake.
December 21, 2017, 10:29:43 PM
Look up micro financing. It's particularly interesting for developing countries where many people don't have bank accounts, but a smart phone.
Like peer to peer lending
December 21, 2017, 10:15:21 PM
Look up micro financing. It's particularly interesting for developing countries where many people don't have bank accounts, but a smart phone.
December 21, 2017, 10:09:30 PM
I see 2 camps here. One that want to maximize their profit, thus burn coins, reduce supply and make masternodes to get higher stakes. Not good! And the other one that looks into practical applicability of the coin. I see myself in the second camp. I'm happy to see a huge amount of tiny coins floating around. I said already that micro financing would be a great application and IFLT would be right sized for just that. Not too few coins that would be too expensive (forget about satoshis, count full numbers) and not too many that look inflationary for that purpose (like IOTA would be, but they have another target).
So, again, I think we need to discuss strategy here, not marketing, technicalities or short term rubbish. Rebranding would be an important part, if the strategy is decided. And I would like to see it going into micro payment direction. And we have an Android wallet for this already, of course it would need major rework, but the basics are there already.
So, again, I think we need to discuss strategy here, not marketing, technicalities or short term rubbish. Rebranding would be an important part, if the strategy is decided. And I would like to see it going into micro payment direction. And we have an Android wallet for this already, of course it would need major rework, but the basics are there already.
On micropaymants you mean? Like pico, nano, micro, milli, kilo, mega, tera? Like send 1M IFLT, You send 1Mega IFLT or i miss undrestand?
December 21, 2017, 09:40:42 PM
I see 2 camps here. One that want to maximize their profit, thus burn coins, reduce supply and make masternodes to get higher stakes. Not good! And the other one that looks into practical applicability of the coin. I see myself in the second camp. I'm happy to see a huge amount of tiny coins floating around. I said already that micro financing would be a great application and IFLT would be right sized for just that. Not too few coins that would be too expensive (forget about satoshis, count full numbers) and not too many that look inflationary for that purpose (like IOTA would be, but they have another target).
So, again, I think we need to discuss strategy here, not marketing, technicalities or short term rubbish. Rebranding would be an important part, if the strategy is decided. And I would like to see it going into micro payment direction. And we have an Android wallet for this already, of course it would need major rework, but the basics are there already.
So, again, I think we need to discuss strategy here, not marketing, technicalities or short term rubbish. Rebranding would be an important part, if the strategy is decided. And I would like to see it going into micro payment direction. And we have an Android wallet for this already, of course it would need major rework, but the basics are there already.
December 21, 2017, 08:04:58 PM
My idea is to have core grupp with major holders, who can speaks on coin development. Not they control any but have thought to be considered and info what will be avaible them before others. And maybe have suggestion tree for votes where major overs can vote by using their coin, few other coins have had similar systems. Like BITB, POSW and few others
You mean governance mechanisms/features? Not easy to implement. Its hard work but worth the effort for sure. Something to put on the list maybe. Problem as always is who will implement that, how and when.
In technological way its rather Big step, but as a idea it not have to be hard. I BITB there is, like People had to prove they own atlest 1% of coin to become memeber of core team. And they donated 250K BITBs as they joined and 50K monthly to pool, where funds were used on development procress and Givaways. For core membership they can direct development, but not controll it as its stll for dev deap right
POSW coin have same non technologiacl way. Need to have 100K+ POSW to join whale group where members can get all development info and market info first, as Pump info also.
For starting IFLT could do similar non tech governance mechanics. And maybe later in 10 years if coin is survived and developed enough could find a way to make it tech. Just ideas!
December 21, 2017, 04:56:57 PM
My idea is to have core grupp with major holders, who can speaks on coin development. Not they control any but have thought to be considered and info what will be avaible them before others. And maybe have suggestion tree for votes where major overs can vote by using their coin, few other coins have had similar systems. Like BITB, POSW and few others
You mean governance mechanisms/features? Not easy to implement. Its hard work but worth the effort for sure. Something to put on the list maybe. Problem as always is who will implement that, how and when.
December 21, 2017, 09:03:03 AM
My idea is to have core grupp with major holders, who can speaks on coin development. Not they control any but have thought to be considered and info what will be avaible them before others. And maybe have suggestion tree for votes where major overs can vote by using their coin, few other coins have had similar systems. Like BITB, POSW and few others
December 21, 2017, 08:51:36 AM
Because masternodes would help secure the longevity of this coin, and reduce the circulating supply.
You don't need masternodes for this, it's wide spread and a stable network. Masternodes are for the few greedy who still want more stakes without helping the coin at all. Sure you need to buy in and burn some coins for this. But nothing substantial to gain from it.And why would anyone need to reduce the supply? It's one of the main advantages of IFLT to have a huge supply. I wrote that already. Look at IOTA for instance. If you want to do real world applicable business, you need a huge supply of coins. Bitcoin with it's strict limitations on the other hand is the complete negative example of unusability. We don't need that. Let the coins prosper.
He told circualtion supply, that mean how much coins are avaible to trade everyday. I thin Masternodes with 80 stakeing rates are not good idea, maybe at 8% or 4 %. But Instasend or Darksend features would be cool, but i belive Admins wait That Litecoin update to impleate that.
December 21, 2017, 06:05:39 AM
Because masternodes would help secure the longevity of this coin, and reduce the circulating supply.
You don't need masternodes for this, it's wide spread and a stable network. Masternodes are for the few greedy who still want more stakes without helping the coin at all. Sure you need to buy in and burn some coins for this. But nothing substantial to gain from it.And why would anyone need to reduce the supply? It's one of the main advantages of IFLT to have a huge supply. I wrote that already. Look at IOTA for instance. If you want to do real world applicable business, you need a huge supply of coins. Bitcoin with it's strict limitations on the other hand is the complete negative example of unusability. We don't need that. Let the coins prosper.
December 21, 2017, 03:43:42 AM
is this coin need masternodes ) and go to the moon
Why would that be? And please go away with that "to the moon" shit. Only clueless idiots use that.Because masternodes would help secure the longevity of this coin, and reduce the circulating supply.
December 20, 2017, 09:30:05 PM
is this coin need masternodes ) and go to the moon
Why would that be? And please go away with that "to the moon" shit. Only clueless idiots use that. Jump to: