Scarcity has nothing to do with it. Your advice is false economy.
Ok, here's some Economics 101:
The price of any good in a competitive economy is determined only by two factors: supply and demand. Scarcity means supply is smaller, so it has EVERYTHING to do with it.
If demand for BTC was exactly the same as demand of DMD, then 1 Diamond would be worth 5 BTC or $3,500 at today's prices. The fact that a DMD is today worth 3 thousandths of a BTC suggests only one thing (ok, apart from price distortions): that demand for DMD is today in the order of ten-thousandths of that of BTC.
If awareness for Diamond raises to any decent level at the crypto-community, you can do the math and figure out how much DMD is potentially worth.
All the above are not meant to say that Diamond WILL rise. It merely suggests that any crypto-currency that manages to solve the demand part of the equation has a great chance of succeeding, especially those (like DMD) that are scarce as well, so they've already solved the supply part of the equation.
And this is the reason why I'm urging the community to do more to support the coin. The recent takeover, pools, and block chain explorer have managed to raise the price 100fold (it used to be around 3,000 satoshis and now it's more than 300,000). Imagine the potential if the dev team support continues. Imagine your 100 DMD worth 500 BTC
Merry Xmas to all!
That is almost totally pure unadulterated bullshit.
The demand for a currency has almost nothing to do with how many decimals or how many trailing zeroes the currency has.
1/21000000th of all the DMD that will ever exist, or 1/2100000 of all the bitcoins that will ever exist, or of all that do exist at a given moment, is totally independent of how many digits it takes to write down the number.
Basically if the total demand for a currency happens to be demand for enough currency to buy a loaf of bread, for example, then regardless of whether a loaf of bread's worth of the currency is 1.00 such as in, say, dollars, or a larger figure, such as that same value aka demand might look when expressed as Yen, or the far far larger number that it might be when expressed in DeVCoins or in Zimbabwe hyperinflation dollars, one loaf of bread worth of a currency is one loaf of bread worth of the currency.
The only way a currency is "rare" is if the entire total amount of that currency, all of it that exists, is not enough to buy that loaf of bread.
So basically in order to be rare, a currency has to be so rare that the entire pile of it ever minted is not enough to buy what is demanded, such as a loaf of bread.
In short, the less a currency is worth the "rarer" that currency is.
-MarkM-
