that's great news!! Question, let's say I buy 10.000 ART at the ICO. Do I end up with 10.000 coins, or will I get a genesis adress that mines 10.000 coins over the period of 60 years?
You will get a Genesis address that mines 10.000 coins over the period of 60 years.
I can't believe anyone in their right mind would choose an investment that takes 60 years, in a market that's barely 10 years old. if there's no way to buy ART in bulk up front, like any other coin, what's the purpose of investing? Ask yourself, would you rather get 20K ART now, each valued at 1$, or 1ART a day over the next 20.000 days, with no guarantees that ART will even be worth 0.01$ within 1 year?
i think than each one has its reasons to invest in art..i think on the contrary than this economic model is better..because it avoids the massive dump..you have an exemple in mne was stable has 1$ and can take value because coins are burned after token service.
Think about all these ico whose price has fallen below the price ico..it's less likely to happen with art.
each one want a best price to sell..for any reasons..with art you could put in sale the genesis address what wasn't possible with mne for technical reason.
i think also..like all invest this involves a share of risk..but i think less of other economic model..i know art is different of mne because it isn't a airdrop..i'm genesis holder and i want sell mne for good price but i do not want to harm investors..i prefer sell my mne for 8-10$ than sell it on an pump at 30$..because i hope mne will keep her value..coin will be burned..and investor will do a profit with art when it will valued 1/1000 of eth..i think its a good deal for all.
We're talking about 60 years here. In a period of 40 years, our technology evolved from a game with 2 dots douncing a 3rd dot between them, to hyperrealistic virtual reality open world games. Where do you think this market (barely 10 years old) will end up in 6 years, let alone 60? I understand everyone has other reasons to invest, but if ART will only be available through genesis addresses, this project will tank. I'm sure ART will be purchasable in bulk eventually, as otherwise there would be no incentive to buy a genesis address, I just hope it will possible during the ICO.
like i said it is not simple token..but a economic model..think that art can be a profitable investment or not your point of view is not feasible, it would be like guessing if a car will crush you tomorrow or if you are going to lose your life, I do not hope for you but in this eventually all becomes potentially dangerous.
but i'm praticaly sure that people buy 1000 art for 10$ will do a good profit..same 100$ or 200$..for this i want good price for MNE because this will rocket art and dumping will stoped by support buying.
We do not know in advance how much art will be able to hold, so that the demand can surpass the offer, the contrary will be braked and stopped by the mining and the difficulty which will increase, we can anticipate other surprise like dev has 'Habit of doing it..I think one of the inovation majore is the mining difficulty that I hope it will be based on the total number of token in circulation.
I have difficulty to understand the period of 60 years, reason why if I have a balance less than another i can't mined art for 60 years if the difficulty of mining is the same for all, on this point there is Things to clarify, I hope we will have news very quickly on this subject
