everyone keeps screaming about the impressive profit with no talks on how such return inflate/hinder the stability of the coin. Venezuela and Zimbabwe didn't become the top economy by pumping out currency like it was going out of style. If you are serious investor you would have issues with this numbers but most of this guys are newbies. It will be the same shit currently happening on Xylo thread in a few months.
You have good points, but your assumptions were wrong. First of all Medic Coin is not anything like Xylo Coin. Xylo coin is ONLY on ONE exchange,
https://coinsmarkets.com/trade-BTC-XYLO.htm and coinmarkets.com had not been online for more than a month. When you only can afford 1 exchange and that exchange is down then you have nothing. Medic coin is on FIVE exchanges.
Second, Xylo coin has no team. I have been stressing this very important point. Don't invest in a coin that doesn't have a team. Sooner or later they will take your money and run away. Medic Coin team of doctor and engineers
https://mediccoin.com/medic-team/ put their names and reputation on the line to make Medic Coin better.
Third, Xylo has no products! All they did was make a coin. We have Folding at Home, Electronic Medical Records and Electronic telemedicine app.
Fourth, Medic has a strong community. We have over 2000 members in Discord, Telegram, and facebook. We also have Valuemd with over 1 million posts to support us.
Finally, Xylo coin doesn't have a website or website is down. How can you have a coin without a website?
https://mediccoin.com/xylo.PNGHmmm, xylo was just an example there are several coins that have such high return and they all failed cos inflation is a reality in economics. Anyway, why make a long post on how medic differ from xylo without making an input on how you plan to counter the effect of inflation, which is imminent at the current masternode ROI. Regardless of the amount of exchanges, doctors on board and product you might have, economics still have certain rule that must be followed in order to attain a condition that ill be viable for yrs.
Inflation is good for the economy. Read this
https://www.investopedia.com/ask/answers/111414/how-can-inflation-be-good-economy.aspDon't compare us to Venezuela or Zimbabwe because those countries problems are not just inflation, they are corrupted. You lose money investing in those countries because they will confiscate your assets
https://www.cnn.com/2016/12/10/americas/venezuelan-government-toy-seizure-grinch/index.html . Medic Coin is a free economy. We have our investors to look after.
Again Venezuela and Zimbabwe was just an example and wasn't intended as a direct correlation. A cardinal rule in economics is that inflation should be minimized at all cost. i wonder how you anticipate growth with the current model you employ. Sure you might garner a few investors that have no real interest in your platform and just plan to milk the tit while the cup runneth over but soon as you titrate the ROI to a reason amount, they will lose interest and disappear.
So it's best to employ a slow and organic growth rather than utilize a model which pose a possibility to hinder/disrupt your platform in a negative way. The idea is to keep your platform viable for yrs, not to look after your current investors. That's a short sighted approach. Unless the planned tenure with this platform will be short.
Anyway, am done, i stated my opinion, it's your coin and you can do whatever you like. Take care.
Inflation and reward are 2 different animals, you tried to compare apple to orange.
The inflation occurs when the money supply of a country is more than the products that country can produce. Venezuela or Zimbabwe are examples. They're printing paper money much much more than they can produce food, medicine, toilet papers, necessity...
On the contrary, the coin supply is limited. It has the ceiling. You can't produce more coins than its maximum. The demand and hence its price keeps increasing if a coin can deliver its purpose. The reward can not and will never cause inflation. The high ROI of a coin is meant to reward its early investors. The more masternodes become, the less ROI will be and it will cease when the its ceiling is reached. The coin ceiling isn't the same as USA debt ceiling that both parties keep voting to increase it.
The question is that what the coins will be used for. Do a research yourself to see what the other coins will be used and you should compare their purposes against the MEDIC's.
You stated your opinion, I stated mine. You said you're right & I say the same. I don't have a proof now but time will tell.
