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Topic: InflationCoin - IFLT - 4% POS - SourceForge Project of the week 2018 - page 38. (Read 96986 times)

full member
Activity: 756
Merit: 103
The amount of coins is ok, it does not need to be changed. It's just a perception issue. Let's change the name to MPC. MicroPaymentCoin, I just invented that Smiley. Then we can have the current coin supply as it is and we call it instead of 1000000 one mMPC. Problem solved.

The wallet is good for this, you can already set this under options, it just goes in the other direction Smiley. But that is a minor change that can be implemented
sr. member
Activity: 343
Merit: 304
You arent Insane yet, get Insane to go Insane!
Rebranding would be a good idea, the name is not good and carries some negative message.

I would however not change the amount of coins or burn them. It's good to have a lot of them if you want to do the micropayment stuff. So more so better. Look at IOTA, they have Mega and Giga IOTA. And they target a similar thing, internet of things with micro transactions. Does not need to be monetary, your coffee machine wont pay your waterfilter, but some tiny transaction is still there.

So maybe a step forward would be a new name, and a name for the commas, like 1000000 IFLT become 1 . Or maybe 1000 IFLT become something whatever. Keep the actual coins, no need to burn them.


Smaller ammount of coins are good idea may be even rebranding but there is problems. All this progress shoulnt hurt old member and holder and also thouse who have invested lately. right now 1 inflationcoin is worth 0.00000000225 BTC this meaning 0.225 satoshi. But it might there is still members who bought coins at 2 sat ea or 1 sat ea. Lets say all coins ammount in new brand will be divided with 1000 then new price should be 225 sat as now , but to be fair for all this should be 2000 sat, and just new block chain and brand will not rise a price, there needs to be something more. Right now coin is rather stabile. Yes there is not much volume, but old memeber are stakeing and use opportunity with 80% stake rate. Later community can work with value and volume.

If coin goes with new brand and decreased coin ammount then there should be some mind blowing ideas to make it worth also for old holders and make it atractive to new comers.
full member
Activity: 207
Merit: 100
DEEPONION - NO ICO
Yes, absolutely agree to this. The volume is basically gone as nobody wants to sell for subSatoshis and rather sit on their stash of coins. It would go hand in hand, price moves, trading moves the price and vice versa.

Just need to get this started somehow and make it interesting. Could be connected do a project, for instance micropayments. But this needs a huge effort as it would mean real world deployment, not just playing around online with some artificial coin with no use.

Integration with TOR may be something that could be done, people are interested in such things, look at the DeepOnion hype. And they did not really anything else than copying code from BitcoinPlus and some others. Could also be done for IFLT.

DeepOnion hype is real!  I feel like I only see it because I'm super into it, but it feels good to see it being talked about elsewhere!  However, it is full of features... I don't think TOR alone would save IFLT.  The strength of IFLT is the wallet!  I'd love to see more wallet features and upgrades.
full member
Activity: 756
Merit: 103
Rebranding would be a good idea, the name is not good and carries some negative message.

I would however not change the amount of coins or burn them. It's good to have a lot of them if you want to do the micropayment stuff. So more so better. Look at IOTA, they have Mega and Giga IOTA. And they target a similar thing, internet of things with micro transactions. Does not need to be monetary, your coffee machine wont pay your waterfilter, but some tiny transaction is still there.

So maybe a step forward would be a new name, and a name for the commas, like 1000000 IFLT become 1 . Or maybe 1000 IFLT become something whatever. Keep the actual coins, no need to burn them.
sr. member
Activity: 560
Merit: 300
Unprofessional shitcoin trader since 2011
Yes, absolutely agree to this. The volume is basically gone as nobody wants to sell for subSatoshis and rather sit on their stash of coins. It would go hand in hand, price moves, trading moves the price and vice versa.

Just need to get this started somehow and make it interesting. Could be connected do a project, for instance micropayments. But this needs a huge effort as it would mean real world deployment, not just playing around online with some artificial coin with no use.

Integration with TOR may be something that could be done, people are interested in such things, look at the DeepOnion hype. And they did not really anything else than copying code from BitcoinPlus and some others. Could also be done for IFLT.

Yeah agree TOR&I2P implementation would be a solid start and good for the privacy points plus a requirement anymore these days with the governments starting to check crypto users out; honestly I still stand by what I said earlier a rebrand away from the name IFLT and possible a burning festival or coin swap to ease the orderbook sell side the supply is strangling the market imo.
full member
Activity: 756
Merit: 103
Yes, absolutely agree to this. The volume is basically gone as nobody wants to sell for subSatoshis and rather sit on their stash of coins. It would go hand in hand, price moves, trading moves the price and vice versa.

Just need to get this started somehow and make it interesting. Could be connected do a project, for instance micropayments. But this needs a huge effort as it would mean real world deployment, not just playing around online with some artificial coin with no use.

Integration with TOR may be something that could be done, people are interested in such things, look at the DeepOnion hype. And they did not really anything else than copying code from BitcoinPlus and some others. Could also be done for IFLT.
sr. member
Activity: 560
Merit: 300
Unprofessional shitcoin trader since 2011
The price is stuck in nowhere territory. It does not matter in the long run. It will one day go up or it will die, either way, it does not really matter.

The coin is fun to play with, I have a 9 digits number, it stakes great, it made me learning a lot and I will hodl IFLT. One day it may reach 1 BTC Satoshi, that would make it worth then perhaps 10000$ (1 BTC), who knows. If not, then not.

I don't see anyone working on real world applicability unfortunately. That Android Wallet was a one day star but did not move from there. I could imagine IFLT as micropayment coin, bank the unbanked, like OmiseGo and TenX do, just at a lower price. But for this there would have to be some ecosystem and people put into place.

I agree with this statement, the price is just suppressed too much by the inflation tbh and now it doesn't even have the volume to stay alive another year to reach 8% and there is no other appeal to buy inflation other then it stakes at 80%. If I were in control of this coin I would attempt to breath life back into the project by either a rebrand or honestly the best option a coin swap. XLR just did one to enable masternodes and so far so good it seems to have work the project is gaining steam. Just my two sats on what could be done...wow thats worth a lot of inflation actually. Roll Eyes Grin

The coin already has plenty of momentum to last for years and more to come in my opinion if not as long as the timecycles of BTC, with more implementations and adaptations in the works while the current team is here. The information has been healthily updated over time and will continue that way. Sidechains to introduce more functionality such as Smart Coins and instant transactions on the Ripple, Stellar, and Bitshares networks seem like a more viable option currently that don't require hard forks, and the basic foundations have already been created. We would like to do something more original then masternodes on the main chain unless a viable service that actively uses them becomes available. Right now cross chain atomic swaps are already compatible on the main chain via BlocknetDX, and are also interested in adapting to new versions of wallets such as Litecoin's when it's finally released.

Besides that, we'd like to see a mixer for confidential transactions implemented in a future version of the wallet which won't require a hard fork, as private transactions seem to be a basic function of all the major cryptocurrencies available. Dash also utilizes a mixer, Zk-snarks are being implemented on Ethereum, and mixing services are already available for Bitcoin and Litecoin on various websites. As cryptocurrency becomes more valuable, these types of things should become standard practice to protect users and also lower chances of central failure. Youtuber Trevon James was also recently hacked and robbed of 111 BTC from one of his main cryptocurrency addresses, but was also dealing giveaways on every video directly from his main account address which isn't very wise, and also storing his wallet with a 3rd party (Exodus) that has access to more information that puts him in more risk or danger of attacks/schemes. A private light client or full node core wallet for him to store his funds on would've been a better option.

We believe the inflation rate with sharp yearly deflation over 4 years is working well, as it introduces the elements of dependency into asset's system compared something that starts out with no users using a coin's utility. The Android wallet still needs a bit more cosmetic work and improvements will be done in the future as more time and funding becomes available.



Is adding to livecoin still up of plans?

It's under review of investment performance right now in additional hedges, and other alternate plans are in the works as we monitored the asset performance on their website versus the costs. The cryptocurrency targets may reach extreme levels in the future that would scare away the usual typical investors especially one managed by a small community starting out, so a smaller hedge such as IFLT/USD managed by private investors with long term plans and regulated funding pools may be a better option. Coinexchange.io has already offered a more reasonable price earlier this year and is aimed to be released on for certain within the reasonable price ranges.

Those are all great ambitious goals that I'm on board for but the question still remains can the coin stay alive that long honestly to allow the price to catch up and keep interest in it until all of that can be done. The highest volume point was 2k on the 9th of November that is not momentum in the market imo and today it was $368 in volume. This wait and see approach for buyer motivation doesn't seem to be working. I'm willing to bet that within 3 months this coin will be de-listed not gaining volume at this rate. Coins need centralized exchanges to survive it sucks but that is the way it is and IFLT has that but with $200-300 in daily trade volume its considered a waste of server space and will not be kept its just not profitable to. So honestly as a team and community I would be focusing on some kind of project that inspires volume increase because it is a serious problem and its the number 1 killer of coins. Once the volume issue is solved then we can focus on sidechains and mobile wallets while waiting for a use to pop up just my opinion on the matter.
full member
Activity: 756
Merit: 103
atomic swap i think is good idea for this coin
Nice words, but what would real world implications and requirements be? I don't know, I've been playing around with IFLT for a while, did some coding, most people here just complain, no developer, no nothing, no yourself. So why not get a bit constructive, can do brainstorming for sure.

Atomic swaps, a start....

Come on in guys, ideas, way forward, we are in this together.
full member
Activity: 361
Merit: 111
atomic swap i think is good idea for this coin
full member
Activity: 756
Merit: 103
Doing some tests with the IFLT daemon on the Pi now (headless wallet). So far all seems to work, but downloading the blockchain will probably take till tomorrow.

Memory and CPU usage are so far fairly low, but it's not fully up yet. The same time Pi-Hole and my DHCP server run on the micro compy.

If someone is interested, the compiled version has some features from that "hub client", that is double of connections (32, not that crazy 2000 as in the hub one), double as fast thread updating (every minute) and built in nodes for automatic connect. Only minor changes. Please let me know, I can upload it somewhere.
full member
Activity: 756
Merit: 103
LOL, what news is that? Are you a time traveler from the past?  Cheesy
full member
Activity: 331
Merit: 109
Big news coming for IFLT in the next few months, we will see it rise. Many spectators and advisors are saying any crypto under 100 sats is a good buy for a long term hold....IFLT at 100 sats is totally possible once crypto goes full mainstream...this is dot com & email 1990s https://www.youtube.com/watch?v=95-yZ-31j9A
full member
Activity: 756
Merit: 103
No, it's fine, I was just looking for the latest source. It's compiling and running. I want to let it run on a small OrangePi Zero for staking, that is a headless 4-core Allwinner with 512MB of RAM.
sr. member
Activity: 489
Merit: 260
Yes, I know that. I however need the daemon, not the qt version. I'm trying now with the FermiGBM sources. They seem to be the latest available.

Both the hub mode and original source daemon's should be working, had already compiled them ourselves. I can make more compilation instructions another time also but it follows the same guidelines as other Bitcoin-sourced assets.
full member
Activity: 756
Merit: 103
Yes, I know that. I however need the daemon, not the qt version. I'm trying now with the FermiGBM sources. They seem to be the latest available.
sr. member
Activity: 489
Merit: 260
Found this one: https://github.com/FermiGBM/inflationcoin

Not the hub mode, the master. Is that the latest source for the standard wallet? Thanks!

Somebody already made compiles for the RaspberryPi wallets, you can try them here and is also listed in the thread:

https://mega.nz/#!jUc1ADBL!8rI8YA-d_tDcHWkvDXLx0ibsRNOgobnVToUN7jF073c
member
Activity: 80
Merit: 10
Remove the opportunity to buy a coin for $, for eth or ltc  and the price after a while will become 1 satoshi.

How long has it been since this was available in $?  Back in the launch days?  So few coins ever get that way in the first place!

However, isn't allowing something to be bought in LTC, the first step on the pathway to below 1 sat?

when there were sales only for satoshi, the price was always higher than the current one. but as soon as you opened the opportunity to buy for other coins, the price immediately dropped below. so make your own conclusions.but as soon as yobit was opened the opportunity to buy for other coins, the price immediately fell below. so make your own conclusions.And while the price will be below 1 satoshi no one will buy it.

this coin is on coinsmarket, and available in doge market.

Coinsmarket uses 9 decibels for BTC so be careful if your trying to sell your inflation for BTC there. I made the mistake of buying this coin and staking it using BTC when i could of got it a lot cheaper using other markets. I had jumped the gun and now i fear i will never sell to make back my full BTC. I was going to list to sell on Coinsmarket but noticed they use 9 decibels instead of 8 like they should use for BTC. I might just list on Cryptopia and wait a whole year to sell it, maybe even longer at the rate people are buying it. The price is dropping fast with the other markets as well Sad
full member
Activity: 253
Merit: 101
Remove the opportunity to buy a coin for $, for eth or ltc  and the price after a while will become 1 satoshi.

How long has it been since this was available in $?  Back in the launch days?  So few coins ever get that way in the first place!

However, isn't allowing something to be bought in LTC, the first step on the pathway to below 1 sat?

when there were sales only for satoshi, the price was always higher than the current one. but as soon as you opened the opportunity to buy for other coins, the price immediately dropped below. so make your own conclusions.but as soon as yobit was opened the opportunity to buy for other coins, the price immediately fell below. so make your own conclusions.And while the price will be below 1 satoshi no one will buy it.

this coin is on coinsmarket, and available in doge market.
full member
Activity: 756
Merit: 103
Found this one: https://github.com/FermiGBM/inflationcoin

Not the hub mode, the master. Is that the latest source for the standard wallet? Thanks!
full member
Activity: 756
Merit: 103
I've tried to compile and run the Inflationcoin wallet on DietPi (Debian Cool. Went through with some minor glitches and runs. However I can only sync till block 80k something out of 690k. It appears that this is not the latest code on Github, last commit is from 8 Nov 2016.

Where can I find the latest sources needed for a working client? And no, I don't need the Raspberry qt version the binary can be downloaded, I need the daemon.
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