With only a small percentage of total coins yet to

Question

Pirate Chain Official (NO MIGRATION/AIRDROP) $ARRR 🏴‍☠️⛓

B B

With only a small percentage of total coins yet to

be mined, how will the network remain secure after the final coins are disbursed?

#blockchain #cryptocurrency #english #piratechain

0

28.02.2024

7 ответов

20 просмотров

Keks Meister 🏴‍☠️

Why would some one mine without getting block rewards ? 🤔

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8 месяцев назад

Keks Meister 🏴‍☠️

Great so the miner pays electricity for everyone to use the network and is left with nothing but a running network for everyone. Lets hope this is going to play out well.

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8 месяцев назад

AmyV Voluntary

Keks Meister 🏴‍☠️
Great so the miner pays electricity for everyone t...

I had to look at the Pirate Chain white paper again to try to provide a somewhat coherent response. https://piratechain.com/wp-content/uploads/Pirate_Chain_White_Paper_v3.pdf Please see section 4 on coin distribution and accelerated emission. Pirate Chain might be one of the first coins to test going from the bulk distribution stage (with high supply inflation and low stock-to-flow ratio) through the middle stage to maturity as a useful medium-of-exchange as a fungible digital cash. The miners will make money on the transaction fees and increased value will come from ARRR becoming more scarce. “With its accelerated Bitcoin-like emission schedule, Pirate Chain reaches a high Stock-to-Flow ratio becoming more scarce than Bitcoin and gold after its 6th halving.” “The nature of an emission schedule with a diminishing block reward creates a condition for scarcity, a necessary requirement for sound money.” I support Pirate Chain because I believe in ARRR as the most private, anonymous peer-to-peer crypto-currency out there. I will be making an ARRR payment today at a cafe where ARRR is accepted. If we believe in having a private, anonymous crypto-currency as sound money, ARRR would be a good candidate, and we should support ARRR adoption and transactions with our ARRRmada vendors (https://arrrmada.com ) and increase usage as a private and anonymous form of sound money. ARRR!!!

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8 месяцев назад

Keks Meister 🏴‍☠️

AmyV Voluntary
I had to look at the Pirate Chain white paper agai...

Thank you for your research 🙏 I do feel better now knowing miners will be rewarded with txn fees. I honestly had no doubt miners would stop their machines without rewards, because right now the miners on the network are already running at a loss. So my guess is the miners right now are still online for the network to run and not for profitability. So we are now already at a stage where miners believe in the coin and know how important it is to keep the network up for our freedoms. Since we now know miners will survive, i guess we have to figure out how to scale piratechain right ?

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8 месяцев назад

Ocean Ghost 🏴‍☠️

AmyV Voluntary
I had to look at the Pirate Chain white paper agai...

Стикер

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8 месяцев назад

KUDU HODL Glover

AmyV Voluntary
I had to look at the Pirate Chain white paper agai...

This is the only reason I’m interested in ARR the privacy is a nice bonus

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8 месяцев назад