Are all the previous plans of dubai gold, marketplace, dubai pay etc. still there?
An will all these be live at dbix launch and will many dubai and arab world merchants, banks and people accept dbix for money transfer and buying and selling in arab world upon dbix launch?
And why did you say 2.6 million dbix will be mined in a year when supply initially will be just 0.6 million, this means there will be a lot of inflation and investors and speculators are ruined because their invesment value will go down as market cap will also come down as so many dbix will keep on getting mined. All was good, new thread was also god but this mining thing shattered me. i am a bagholder of dbic and am very upset about this mining thing my investment is ruined badly
An will all these be live at dbix launch and will many dubai and arab world merchants, banks and people accept dbix for money transfer and buying and selling in arab world upon dbix launch?
And why did you say 2.6 million dbix will be mined in a year when supply initially will be just 0.6 million, this means there will be a lot of inflation and investors and speculators are ruined because their invesment value will go down as market cap will also come down as so many dbix will keep on getting mined. All was good, new thread was also god but this mining thing shattered me. i am a bagholder of dbic and am very upset about this mining thing my investment is ruined badly
All is fine but the query here about 2.6 million coins mined per year i.e. more than 4 times the initial supply is very serious. I think this 2.6 million coins which miners will mine as against the supply of 0.6 million and that will mean miners will be getting lotteries out of magician's cap like he gets rabbits. Does this make any sense
do miners get so much by doing nothing but just running a code? No miners got any such lotteries at any coin. And if that is so then does it mean whole world should just start mining dbix and stop every business and get $1000s+ of usd every month easily?? How come is this possible i am very upset, somebody sould answer this. My investment will be reduced by 5 times in a year?? my 700 dbix will become 140 dbix after a year??? and 30 dbix after another how come is this right and possible And why doesn't walid also answer that query:
"Are all the previous plans of dubai gold, marketplace, dubai pay etc. still there?
And will all these be live at dbix launch and will many dubai and arab world merchants, banks and people accept dbix for money transfer and buying and selling in arab world upon dbix launch?"
And guys i found this old thread where you can discuss dbic price speculation:
https://bitcointalksearch.org/topic/dubai-coin-project-dbic-price-speculation-1615680
Do you really think that 2.6 Million coins after a year of mining is a lot? Make a comparison with other currencies of the same algorithm and you will realize that it is wrong, ETH and ETC there are more than 100 million coins and mining is very important for security and stability of the network .... and you think that miners do not have Importance and no cost ? you may need to better understand every ecosystem
