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avatar of @mykos
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@mykos
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3 min read

Well here's what i think Each time i think about deflation i dig a bit deeper. You make some valid points about deflation because i look at the bitcoin model in its horrible. The bitcoin maximalist are a cult of idiots. However Dpos can't get a pass either. I don't even think it's a matter of determining which is better. I think the better model is just better than them both.

So i think the issue of deflation and distribution is a bit dated. i generally refer to the problems with gold vs currencies and we generally end up with the same position of gold had many problems of not creating economic prosperity. Bitcoin isn't creating any real economic prosperity either that is significant and i dont think it will. So its quite similar to the gold versus currency problems of lack of velocity of money.

The problem is in dpos for all intent and purpose most are going to just walk away and say this is a centralized system no matter how you flip it. It doesn't seem to do any better in the distribution model than bitcoin does. So it's not winning there. So i don't see it as contributing to economic prosperity. For me its just yet another option to lead to the same thing.

You see this low pool of witnesses to entrust the network too i just no longer feel its a great model and there is no data to suggest it is. It has performed much more horrible than bitcoin. It doesn't seem to be getting any better besides our hope it will.

Bitcoin more to entrust the network to but none represent me. We know the reality now is that the majority of us won't be doing bitcoin mining. So thats more a mining monopoly. I just refuse to believe there can't be a viable option that works better. Thats' why i have spoke about our community governance model where groups are formed and if one person comes to your group you now have voting power. The idea is even at the most severe level of gaming the network. We'll still have pretty close to an accurate representation of what the network wants.

So similar to our voting system that i'll say has run pretty good provided you count all the stolen elections still statistically not bad. I'd say for the most part the countries wishes in the limited scope of who's president were honored. I don't believe americans wanted trump to be president again so i'd say it worked out pretty well.

This is how i'd want the chain to work as well. That pretty much the entire chain has their wishes met The only way to do that is exclude money. We haven't yet been able to do that unless you include lottery systems. Even with pow mining the cost to mine is still not allowing for the best outcome.

So that's why i think my network distribution group function on btcmyk makes more sense. I don't think its so much the monetary policy as gold worked different than crypto works. in crypto the amount of coins or tokens matters about as much as it would in a stock split. In a stock split psychologically sure it may cause some attractive pricing make people set a certain attitude. However we still know as far as vote and influence concern its the same exact thing in the governance. Same thing in crypto when we change coins.

digital allows us to make even a small amount of coins divisible by several decimal places. So i dont think thats really the problem as much as the mining pools .. mining production.. governance and small groups controlling the network. I think thats really what the issue is.

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