I would like to contribute with a reasoning. When we talk

Question

I would like to contribute with a reasoning. When we talk

about supply growth, some like to compare Reef with Eth in order to explain that this is normal.
I have some difficulty understanding this comparison because I think eth is one of the pioneering projects in the crypto world. I believe it is a fact that eth has benefited simply from its pioneering spirit, what we see today is an inflationary project with absurd rates. And what do we want to look at to explain the increase in supply?
I see a lot of people asking for stake in binance, but do these people have any idea what they are asking for? This will only increase the supply even more. Bigger inflation. How much capital will be needed to bring the value to 1 dollar for example?
Some say that you shouldn't think about price, but how not? Fiat currencies are crap precisely because of their indiscriminate and abusive printing by the state, and the crypto world hates it, why is it necessary to accept it?

Inflation only benefits validators and big namers, small and medium holders do not benefit, on the contrary.

My suggestion is not to launch the binance stake until we have dapp on the network.

Regarding the current stake, there is nothing to be done in my opinion, stopping could be something worse.

I'm not a fan of the project, nor am I against it, but as an investor (although some say not) I want the best for the project.

Sorry for any possible error.

#cryptocurrency #de-fi #english #reef

0

02.05.2022

16 ответов

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SOON Автор вопроса

Tony
Binance staking does not cause higher inflation or...

I don't know if it would be like that.

0

03.05.2022

Tony

SOON
I don't know if it would be like that.

I don't know 100% either.

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03.05.2022

Derek Silva

SOON
I don't know if it would be like that.

Tony’s statement is far more accurate than yours. More Validators doesn’t mean more inflation. It means more Validators share the same number of REEF being issued, so each Validator gets less.

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03.05.2022

Agus Sadeli | kolbir

Derek Silva
Tony’s statement is far more accurate than yours. ...

i love decentralize,

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03.05.2022

SOON Автор вопроса

Derek Silva
Tony’s statement is far more accurate than yours. ...

Ok

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03.05.2022

SOON Автор вопроса

Derek Silva
Tony’s statement is far more accurate than yours. ...

I imagine that tying the name binance to the stake reef can increase the hold and stakes. But I read your explanation. I will accompany. thanks.

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03.05.2022

Derek Silva

SOON
I imagine that tying the name binance to the stake...

But that does not increase inflation. The only thing that can increase the inflation rate at this point is a vote by the existing Validators. They can also vote to reduce it.

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03.05.2022

SOON Автор вопроса

Derek Silva
But that does not increase inflation. The only thi...

I understand. how is the voting process, whether to increase or decrease? just to better understand how it works.

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03.05.2022

Pepi Tomcat

Derek Silva
But that does not increase inflation. The only thi...

any plan for voting to reduce it

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03.05.2022

Agus Sadeli | kolbir

Derek Silva
But that does not increase inflation. The only thi...

yes ,open validatoe public program and decrease inflation...

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03.05.2022

SOON Автор вопроса

Agus Sadeli | kolbir
yes ,open validatoe public program and decrease in...

Is that what the vote to reduce inflation means?

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03.05.2022

M4gnata°•°

Derek Silva
But that does not increase inflation. The only thi...

usually a considerable part of these new coins is used to remunerate validators, developers, partnerships and marketing. but then the project will stand, will it hold? That's the big question.

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03.05.2022

Derek Silva

SOON
I understand. how is the voting process, whether t...

I don’t have an answer for you on that right now, sorry

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03.05.2022

Derek Silva

Pepi Tomcat
any plan for voting to reduce it

I don’t make the plans, and I don’t run any of the Validators

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03.05.2022

Derek Silva

M4gnata°•°
usually a considerable part of these new coins is ...

All of the inflation goes to Validators and their top 64 Nominators. You can see https://reef.io/tokenomics for how the rest of the supply is allocated!

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03.05.2022

Tony · Accepted Answer

Tony

Binance staking does not cause higher inflation or more coins if you will ... Binance would be a validator, if they provide staking on their platform, so they would offer their staked coins. On the other hand those coins which get distributed from staking reef20, would be distributed more widely/fairly, this is how i understood.

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03.05.2022

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I would like to contribute with a reasoning. When we talk

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