Stop Inflation

[slavahosting]

Something needs to be done to stop the inflation of F$, I havent been with DNF that long, but I have spoken to member swho have they all say a year ago you could sell DNF for USD at a 0.01 rate.

Today, its almost impossible to sell at 0.0055, practically nobody will buy DNF above 0.005 rate.

Whats going to happen next year? 0.0025 rate, or worse?

More people are signing up, and more people are posting therefor more DNF are in circulation around the forum, some of this DNF needs to be taken out of circulation to slow or stop the local economy from completely crashing.

I propose a sales tax on all transactions including donations between members, yes nobody is gonna like having their hard earned DNF lost to taxes but its for their own good on the long run.

The value of a single F$ will go up, and therefor even though they will hold less DNF, the value might be more then before.

This is the only thing you can do to stop the inflation, over time you might wipe out the black market of sales in teh F$ forum, how much money is being made at your bank from people buying DNF. I bet not as much as it was before when there wasent a black market.

A tax is beneficial to both the forum and the members, it will provide a stable economy that can make the forum an even more prosperouse community.

 

[slavahosting]

futile or not, this was the place to make a suggestion, and my siggestion has been made, I know many agree with me and many do not, so I guess its up to the admins to decide if they want to do something to keep the value from crashing further.

 

[mmkrulz]

futile or not, this was the place to make a suggestion, and my siggestion has been made, I know many agree with me and many do not, so I guess its up to the admins to decide if they want to do something to keep the value from crashing further.

just for clarification, i agree with you somewhat, i agree on the part that the inflation needs to be slowed down, or else the economy will fail soon enough, but what i dont agree on the method you suggested via taxing, i know its easier to criticize then to create, but as you said this is the area for opinion to be made heard to our forum leaders and other members.

 

[jdk]

just make more options to use your DNF$. right now we have silly name effects and that is about it. if you come up with more options to have people purchase things or services with their $ then the amount in circulation will decrease.

 

[MrDude]

I think there are too many given per post, 1-3 Max per post, lowering the amount given per post would help, then mayne dnforum can buy back some F$ and dispose of them, aswell as lottery etc, maybe a special features forum with downloads and 50 F$ per download, theres lots of things that can be done to stabalize the DNF$ currceny, or it could just be left and F$ worth 0.0000001 in the future, or it could be helped, and maybe go up to 0.02 which would be better for everyone

 

[mmkrulz]

i agree with jdk, if there are more ways to optionally spend them, and the ways are attractive enough, the value would go up significantly.

 

[jdk]

I think there are too many given per post, 1-3 Max per post, lowering the amount given per post would help, then mayne dnforum can buy back some F$ and dispose of them, aswell as lottery etc, maybe a special features forum with downloads and 50 F$ per download, theres lots of things that can be done to stabalize the DNF$ currceny, or it could just be left and F$ worth 0.0000001 in the future, or it could be helped, and maybe go up to 0.02 which would be better for everyone

I do not think the $ we get per post is the problem. It is a benefit to upgrade your membership so you receive more DNF per post. You do not want to start taking away benefits of each membership status. I think it is how they are spent. The problem I see is no one is spending them on DNF. They are buying/trading with other members keeping the DNF$ in circulation. A lottery would work, but you would need to make sure the prize would be less than the amount paid in to DNF for tickets. i.e.) 50-75% of DNF paid for tickets could go towards the prize. Tickets could go for say 25,50,100 DNF.

You could also make it when someone gets a warning point it takes away 50 DNF as a penalty.

I could come up with ideas all day long if I had to.

 

[jimbaggs]

I'v got money in bank, and I currently am buying stuff with that money. It doesent matter how much I have on me now, point is theres too much in circulation, and those of us that use the currency, are actually wanting it to stabalize, and possibly grow in value, instead of continuing to drop.

How extra circulating currency is removed doesent matter, but it does need to be removed.

The essential monetary dilema isnt simply one of removal of excess currency but rather the usually more complicated issue of employing the currency in useful ways. In this case there is one simple easy and elegant solution. The very best way that I could see to accomplish what you and I imagine everyone would like would be for DNF to ACCEPT f$ FOR DOMAIN REGISTRATIONS!!!! Whatever value DCG decided to peg for acceptance would become the defacto exchange rate. If he took 685dnf$ for 1 years registration/renewal then you would see right away that dnf$ would again be worth .001 -.009x or roughly thereabouts.


So how bout it DCG?

 

[VisualDigits]

I second that. I hope it's yet to come

 

[mmkrulz]

The essential monetary dilema isnt simply one of removal of excess currency but rather the usually more complicated issue of employing the currency in useful ways. In this case there is one simple easy and elegant solution. The very best way that I could see to accomplish what you and I imagine everyone would like would be for DNF to ACCEPT f$ FOR DOMAIN REGISTRATIONS!!!! Whatever value DCG decided to peg for acceptance would become the defacto exchange rate. If he took 685dnf$ for 1 years registration/renewal then you would see right away that dnf$ would again be worth .001 -.009x or roughly thereabouts.


So how bout it DCG?

this has been brought up too many times before, and denied all those times, i doubt it will work again, ive personally brought up the domain registrations many times myself, but that has been a definate no so far, but who knows, maybe the minds will change...

 

[jdk]

With dreamregistrar.com now he may do it for a certain amount of DNF. He will make money when the person renews the name each year so I think it would be silly not to do it.

 

[weeps]

A lottery would be the best idea. You could have like a daily draw with say 100dnf to enter and then a small percentage of the total amount entered gets kept by DCG (and removed) and the winner receives the rest. A monthly high stakes draw would be nice too.

 

[jdk]

Also, a casino would be good. Like a slot machine that takes $5 DNF per spin. Or blackjack you could bet on a hand.

 

[Mr. Pim]

What's wrong with inflation? It stimulates people spending their DNF$ which means more forum activity which can't be a bad thing

 

[weeps]

.

 

[ParkQuick.com]

I think that some of us are taking this "currency" a little too seriously. Yes - at one point one $DNF was worth a penny and now it is worth a half-penny. This seems to be done intentionally by DCG and others to stimulate interest in their products. They make the rules and set the policies - and do the hard work to keep the Forum going.

 

[slavahosting]

nobody would intentially lower the value of theur own currency thats redundant.

DNF sells services for DNF, by lowering value of DNF they are making them unavailable, and thus less people actually use them cause its cheaper to go and buy with cash.

 

[VisualDigits]

I think that some of us are taking this "currency" a little too seriously. Yes - at one point one $DNF was worth a penny and now it is worth a half-penny. This seems to be done intentionally by DCG and others to stimulate interest in their products. They make the rules and set the policies - and do the hard work to keep the Forum going.

I agree with you, a high rate would destabilize the DNF economy.

 

[G_Gekko]

nobody would intentially lower the value of theur own currency thats redundant.

Incorrect its quite common to intentially lower a currency since it can give a number of advantages.

 

[furca]

The only way for the currency to get like it use to be would have domain registrations. Then all of us could find a use for our DNF$, and would buy DNF$ to get a domain registration.

This seems the only way to restore.

 

[slavahosting]

I tried that, LOOK HERE. It didn't help all that much to the economy. I had a few sales, and a lot of interest, but I doubt it had any effect on the economy of the forum.