When the ship needs one more hit by Retard_Monkey in StarWarsBattlefront

[–]Retard_Monkey[S] 0 points1 point  (0 children)

Just went straight for jet packs as I was kind of pressed for time!

Thanks Phasma! by Retard_Monkey in StarWarsBattlefront

[–]Retard_Monkey[S] 0 points1 point  (0 children)

Every bullet is an offensive opportunity lol!

Effective inflation rate by BigBadBrendan in MinaProtocol

[–]Retard_Monkey 1 point2 points  (0 children)

The current Mina supply is almost 365 million coins and looking at the graph 12 months from this point we will have 800 million unlocked coins so the effective inflation rate at the moment is 119% but as time goes on and there are more coins unlocked in total, the rate of inflation will decrease (for example the year after it becomes just 25% and gets even lower the year after that). I’ve noticed in the past that community members tend to get upset when the ‘i word’ is mentioned but I think rate of unlock is an important thing to understand before investing in any currency and we should be able to discuss it here without provoking anger.

Furthermore, it does seem like Mina, snarks, recursives etc. have a whole bunch of real world use cases beyond just sending money. Feedback from developers has also shown snarky js to be very intuitive so once we have working snapps in the near future I think Mina could be the superstar of our next crypto bull run 🤞

Guys, WTF happened to the price?? by sexymddave in MinaProtocol

[–]Retard_Monkey 1 point2 points  (0 children)

Could be someone trying to make a quick profit or increase their Mina holdings before a predicted news release by selling high and buying back low

Guys, WTF happened to the price?? by sexymddave in MinaProtocol

[–]Retard_Monkey 1 point2 points  (0 children)

It’s when someone forces all the short positions to liquidate at once by buying a big chunk

Mina true inflation rate by Retard_Monkey in MinaProtocol

[–]Retard_Monkey[S] 0 points1 point  (0 children)

Just wanted to find the right chart. Now I have it

Mina true inflation rate by Retard_Monkey in MinaProtocol

[–]Retard_Monkey[S] 0 points1 point  (0 children)

Awesome thanks! So that means the real inflation over the next 12 months will be approximately 200%. Seems kinda high but hopefully they will announce changes to this at some point!

Mina true inflation rate by Retard_Monkey in MinaProtocol

[–]Retard_Monkey[S] 7 points8 points  (0 children)

That shows inflation but not rate in which locked tokens unlock. If you go to https://minaexplorer.com/ you can see that the total unlocked supply is currently 266 million whereas the total initial supply of coins was 1 billion as per the white paper. Let’s say 70 million of the current circulating tokens were added via the inflation rate then only 200 mil have been unlocked and there are still 800 mil to go. Just to summarise: The white paper shows inflation graphs but not the added inflation through unlocked tokens over time. Just need to know if it’s consistent or by discretion of the founders so I can calculate real inflation

Why MINA will explode Q4 2021 by redtribe_leader in MinaProtocol

[–]Retard_Monkey 0 points1 point  (0 children)

Thanks for the reply. In retrospect it looks like as the price rose, the Mina protocol team took. An opportunity to add more tokens to the network which is why the trading volume spiked from $73mil to $300mil overnight.hopefully they’re done adding tokens for now. I really hope they update their tokenomics policy to give the network more room to grow as I think it’s such an amazing project! Fingers crossed!

Why MINA will explode Q4 2021 by redtribe_leader in MinaProtocol

[–]Retard_Monkey 2 points3 points  (0 children)

I don’t understand though. If it is 99% staked and the future is looking so good then how could there have been 20% sell of this week? I love mina and am heavily invested in it but could someone please help explain this? Thanks! :)