Search results for query: inflation

  1. David Chapman

    Amendment Doc 001 - Factom Governance Document (1.4)

    Section 5 1. 5.1.1 to (removing last sentence) 2. 5.3 - there's a ton of white space between 5.2.2 and 5.3 for some reason. Remove that. Done :)
  2. L

    Process Discussion Should we create a Research Group to build out an approach for inter-ANO review?

    Nic, that's a great initiative! I'm assuming it's an ANO only vote because all other standing parties would definitely be for that? Let's say the vote is No? Doesn't this make more sense to be voted on by the community and people buying up all the inflation?
  3. ChrisJ555

    Community Moderation Overhaul

    ...Identity, Add contacts for sending Factom too or different values using FAT tokens (or stablecoin values, though potential unbounded inflation scares me but that's a different issue) But having a forum and chat available on it too. Also as an aside - thank you David Chapman for your part in...
  4. Miguel Proulx

    Grant Round Improvements Discussion

    ...and socially enforcing grantees to deliver 100k worth of work when they only got 20k is going to be infeasible. In order to mitigate the selling pressure we might also want to consider releasing the grants in a more fluid manner just like the inflation is handled. Could this be done every...
  5. David Chapman

    Reddit Info Thread and Bitcointalk Code Dumps

    ...further the Protocol, they can be removed. In return for their services, these companies split 73,000 FCT per month which provides a minor inflation for the protocol. This inflation is reduced by usage of the Protocol as, in order to enter data into Protocol, you have to burn FCT for Entry...
  6. Factom Reddit Bot

    Thought on FCT inflation vs BTC/ETH inflation

    I'm interested in your opinions on my thoughts about FCT inflation. In BTC and ETH, newly created coins/ether are distributed amongst miners and as we know in most cases are immediately dumped in order to cover their expenses. In Factom model, FCT goes to 65 ANOs/companies eventually(26...
  7. Brian Deery

    Expanding the Factom Standing Parties

    ...is a centralized entity and that is something we need to avoid. @Purpelado `In my opinion, while the only beneficiaries of Factom's inflation are the ANOs` Don't forget all the people who are relying on grants to do work. Software development is not cheap. That is paid out of the grant...
  8. Benjamin Dufty

    The Factoid Authority's pledge status as of Q3 2018

    ...by date (last day, last 7 days, last month, custom range) Public explorer API enabling anyone to query Factom blockchain data Factoid Inflation dashboard displays: Average efficiency Authority node Count Federated servers Audit servers Factoids generated (per coinbase transaction) to...
  9. David Chapman

    Suggestions for improvements to the new Bitcointalk Thread

    ...further the Protocol, they can be removed. In return for their services, these companies split 73,000 FCT per month which provides a minor inflation for the protocol. This inflation is reduced by usage of the Protocol as, in order to enter data into Protocol, you have to burn FCT for Entry...
  10. Miguel Proulx

    Expanding the Factom Standing Parties

    ...The community and the EC users are very important to the ecosystem. ANOs have been deciding which project they want their share of the inflation given to but in the end the community and the EC users are the people buying up that inflation. If these economic actors are not there to buy up our...
  11. P

    Discussion about Factoid inflation

    ...the blockchain of FACTOM, as we all wish, will burn more Factoids than those issued by the need for Ecredits for insertions of our users, inflation, as I understand it is perceived in general, would skyrocket, that a fixed amount issued (73000) would result in a higher inflationary ratio...
  12. PaulSnow

    Expanding the Factom Standing Parties

    I created the thread you need.
  13. PaulSnow

    Discussion about Factoid inflation

    Creating a thread to discuss inflation within Factom. @Purpelado had some thoughts on the topic, so creating a thread for that discussion.
  14. P

    Expanding the Factom Standing Parties

    Please, Niels ... could you tell me, if any, a thread where I can make progress on this inflation issue? If I have understood the process well, I believe this important issue ... but I do not want to interfere in the progress of this or bother anyone. Thank you.
  15. Niels Klomp

    Expanding the Factom Standing Parties

    @Purpelado please stay on topic. You can create another topic if you would like to talk about the inflation model of Factom. This topic is about adding FCT holders as standing parties.
  16. P

    Expanding the Factom Standing Parties

    ...- to the group of the active NOOs (which would always have, along with the other infrastructure expenses you mention, guaranteed 10% of inflation ... that in this scenario and with a price certainly much more considerable than the current one, understanding that they would be rewarded...
  17. Niels Klomp

    Expanding the Factom Standing Parties

    And against who's money is the fund you talk about created (inflation). This is not a matter if we want it. We will get it as it is in our governance to begin with. Not sure what you mean with verified here, but besides having a cryptographic proof of holding, no more verification should be...
  18. Niels Klomp

    Expanding the Factom Standing Parties

    Let's not make this a discussion about inflation. @PaulSnow explained quite well above how our inflation is different from a lot of other projects and mostly goes into resources that advance the protocol 🙂
  19. PaulSnow

    Expanding the Factom Standing Parties

    Annual infaltion with a fixed limit of token inflation (73,000 fact/month) is always below 10%. That's because inflation is fixed to 10% of the original supply, not the current supply. Inflation cannot exceed 10% of the Factoid supply unless we reduce the supply below the number of tokens...
  20. P

    Expanding the Factom Standing Parties

    ...and the democratic and decentralized spirit of the Blockchain ... I celebrate. In my opinion, while the only beneficiaries of Factom's inflation are the ANOs, there will hardly be a representative expression of the community. A balanced expression of the community would require that the...