Bitflate is a cryptocurrency with constant inflation of 7% per year. Its goal is to be a Medium of Exchange.

Traditional value investors (e.g. Howard Marks) point out a problem with crypto assets: They have no cash flow. There is no way to value these assets. The only use case is speculation. To address this problem, some crypto builders have worked on lending. Crypto owners can put their assets to work through lending. Borrowers can use the money for business activities. They pay interest to lenders. Crypto assets can generate cash flow through this mechanism. Lending seems to be a…

Bitflate is a cryptocurrency with constant inflation of 7% per year. Its goal is to be a Medium of Exchange.

A Deflationary Crisis

The world discovered the Coronavirus in January 2020. It’s been four months. We are learning more and more about the danger of this new virus. We now agree that this virus is not just a flu. It’s novel and dangerous. It paralyzes the world economy. Crypto sphere has pitched limited supply and Austrian economics as cures to inflation and the money printing disease. The Coronavirus seems to be the perfect crisis to prove the use case of cryptocurrency. However, the…

Bitflate is a cryptocurrency with constant inflation of 7% per year. Its goal is to be a Medium of Exchange.

A Deflation Crisis (hedgeye.com)

Nobody could have imagined the Coronavirus crisis. But the scope and damage are enormous. The Black Swan event is here. Nassim Taleb calls it a White Swan, an expected pandemic that will eventually happen. You can buy his book to learn this distinction. Governments and people were caught off guard. The crisis started at the beginning of 2020. A few months later, it has turned the world economy upside down.

The Coronavirus crisis offers important lessons for crypto. …

Bitflate is a cryptocurrency with constant inflation of 7% per year. Its goal is to be a Medium of Exchange.

This article expresses a personal opinion of the Bitflate developer. It is not investment advice.

TL;DR

Long-term, Bitcoin is a Store of Value.

Short-term, Bitcoin is a speculative asset.

Bitcoin

The coronavirus is spreading across the world. The US economy is feeling its impact. In time of crisis, people are dumping equities for cash. Crypto market had a hard crash last week. Bitcoin dropped more than 50% on March 12, 2020. Bitcoin analyst, Nic Carter, pointed out that it was the…

This article is written by Phuoc Do, the Bitflate developer. Bitflate is a cryptocurrency with constant inflation of 7% per year. Its goal is a digital native stablecoin.

One Dollar

When you are involved long enough with crypto, you’ll see a lot of stupid ideas. DAI is one of them. Its ecosystem had a meltdown a few days ago during a crypto price crash. You can read about the story here.

DAI — Digital Native Stablecoin

For those who don’t have time to get into the weeds, DAI is a “digital native” stablecoin. It wants to create a 1–1 peg to USD using an underlying volatile asset…

Gold Crystals (Source: Wikipedia)

Gold has been a valuable commodity since ancient times. When gold showed up in written history, it was already a valuable commodity [3]. Societies had used it as money. We don’t exactly know how it became money. There are hypotheses [1].

  • Scarce: Its supply is more limited than other chemical elements. You cannot easily extract it. The mining process has become intensive over time.
  • Beautiful: Gold is beautiful. It is soft and easy to mold. It makes good jewelry.
  • Unique atomic structure: Gold has a unique chemical structure. It doesn’t rust or interact with other chemical elements.

These hypotheses are…

Bitcoin is “good” money. It’s too good that “bad” money will crowd it out of circulation.

Bitcoin is digital gold. It’s the number one Store of Value in cryptocurrency. But it doesn’t do much for us besides Store of Value. Some Bitcoin supporters argue HODL is a use case. More use cases will come. There is a narrative: Store of Value first, then Medium of Exchange. In this narrative, it’ll take time for Bitcoin to gain widespread adoption. Once it reaches critical mass, possibly hundreds of trillions of dollars, people will then use it as a currency. …

Bitflate is a cryptocurrency with constant inflation of 7% per year.

It’s 2019. I’m pitching my idea of Bitflate, a cryptocurrency with constant inflation. I’ve got a lot of NO feedback. Investors tell me the age of tokens has passed. We don’t need more tokens. Crypto enthusiasts tell me I’m just forking Bitcoin. It’s been done so many times. There’s no new innovation.

Bitcoin is the king of cryptocurrency. Ethereum is the king of token platform. Bitcoin has sidechain, Lightning Network. Ethereum has programmable blockchain. Everyone should start building on top of these platforms. …

Bitflate is a cryptocurrency with constant inflation of 7% per year.

This article reflects the author’s opinion, not the Bitflate community.

When I first got into crypto in 2017, the first project I looked at was Ethereum (ETH). It captured a lot of attention from the market. I’m a developer so I have the skills to dig around an ETH development framework, such as Truffle. I find the whole ecosystem confusing. The idea of a smart contract and programmable blockchain sounds fancy. But like many things in software, fancy is a gloss for complex technology that doesn’t work. I followed ETH development. I didn’t find a good and simple use case…

Bitflate is a crypto currency with constant inflation of 7%. Its goal is to be a decentralized and digital native stablecoin through inflation.

Bitcoin is the first cryptocurrency. It has limited supply of 21 million coins. Since its creation, Austrian economics is making a comeback. Bitcoin is pitched as digital gold and deflationary asset. The world of economic theories collide: Austrian versus Keynesian economics. The line of divide is clear. Crypto is Austrian. Fiat is Keynesian.

Is the world going to be clearly divided between digital and human? Are we going to swing between these two extremes? When I work…

bitflate

Digital native crypto currency with constant inflation. Goal: stablecoin for transaction. Tweet by @DoPhuoc.

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