Topic: . (Read 1033 times)
Your main concern is price, not quantity, but you think quantity affects price like how public opinion affects price. Rarity isn't going to sway the public at this point, and we know public opinion is the strongest force. Rarity could also damage the coins value, like something that's SO rare, that it isn't worth anything. Also, the public will probably just brush this reward reduction of its shoulder like its nothing. Reason price is where it is not because market is flooded, nor because it will be, but because all altcoins that dont shine dwindle. utc was worth 2x (steadily) as much with current output supply. Again, if this coin was worth its weight in gold, it would be reflected in price, regardless of supply. Give utc a reason to rise other than they are rarer. UTC needs purpose, and it will come once/if it's mainstream, and again, supply won't matter. I keep saying supply won't matter, but I really mean it for 'finite production' coins.
edit: i now see your goal is longevity of the coin, not price. cutting reward will certainly do that, but can have serious negative consequences in price.
edit: i now see your goal is longevity of the coin, not price. cutting reward will certainly do that, but can have serious negative consequences in price.
utc is not litecoin or vertcoin. utc is utc. no comparison needed. 25 if anything, can't rock the coin too hard. nfactor already too fast. provide function for utc, get buyers and spread the coin out. price rises. supply doesn't matter as long as there are buyers and hype.
The mining schedule was a bit greedy to begin with as it clearly had a Bullish scenario in mind, not the bear market we are experiencing as of now.
Therefore an attempt to salvage the ship could be to increase the scarcity of this coin.
This will also reduce dumps from the one day miners around, hence increase the likelihood for going up in the future at a more consistent peace.
Therefore an attempt to salvage the ship could be to increase the scarcity of this coin.
This will also reduce dumps from the one day miners around, hence increase the likelihood for going up in the future at a more consistent peace.
ill think about it.i do see the merrit of less dumping, but dont forget this could upset the miners.....
if it bringes the price up due to less dumping, then the miners wont mind obviously, but its about the transitional period....
This is a thing better done from launch.
25 is better than 50. if it bringes the price up due to less dumping, then the miners wont mind obviously, but its about the transitional period....
This is a thing better done from launch.
ill think about it.i do see the merrit of less dumping, but dont forget this could upset the miners.....
if it bringes the price up due to less dumping, then the miners wont mind obviously, but its about the transitional period....
This is a thing better done from launch.
if it bringes the price up due to less dumping, then the miners wont mind obviously, but its about the transitional period....
This is a thing better done from launch.
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