@Jack - If you guys are starting small batch token distribution tomorrow, that means you have a genesis block spreadsheet today. Could you please post that at Google Sheets and give us the link so we can take a look at distribution statistics among donators? I think Gini coefficient statistics for a new coin are very important to know....
https://en.wikipedia.org/wiki/Gini_coefficientI learned what this was today because of your post and I thank you so much I'd like to see if this is anything like bullshit BAT...i bought some and made gains but only like 1/10 of what I would've liked because out of principle I couldn't put more in...not when something like 4 people own 98% of the publicly available supply...
I agree that is incredibly important and looking at the gini is now part of my checklist on good investment vs bad!
You want to learn the truth about rip-off scams like BAT? Listen up, I am about to tell you the URL of the most important news website on the internet.
Crypto is a toy economy that works like the big economy in the real world. The crypto economy has a value of maybe $100 billion dollars and serves under a million geeks. The real world economy has a value of around $150 trillion and serves seven billion people. There's 1500 times the money and over 7000 times the people in the real world compared to the crypto world. There's crap like the BAT insta-sellout happening every single day with lots of real money being taken from lots of real people that don't understand what's happening to them.
You want to understand what's happening in the real world economy? Read this website daily like I do. At first many of the words won't make sense, because you just started drinking from a firehose. But slowly you will begin to understand words like "Gini coefficent" and many more terms like them. And then you will start to understand the truth.
http://www.zerohedge.com/Haha zerohedge was my homepage for months! I loved it but when the Don got elected (don't care who anyone voted for) it just seemed to be relentless political stuff, which is understandable but I was just trying to balance my reality and couldn't do so with everyday seeing something completely corrupt. So a few months back I stopped checking daily....maybe I will restart!
I'll ride the crypto bubble til it pops but it sucks to see such cool ideas getting preyed upon by "real" money.
I tried telling people apple has what a 750b cap? Something like that...and they're really just pumping put different versions of the same exact tech. If blockchain became as used as cellphones, the value of said crypto would be enormous compared to today, AND you would have an actual vision of the supply/demand.
Hard to really judge supply/demand when as you said the market is like a million nerds and a few speculators who knew some nerds. I got so much flak for selling my KMD (at 5x, instead of 13x) because I couldn't justify the bubblicious rise in its price. There are a lot of coins following what seems to be pretty stable, pretty logical gains as their teams continue to develop. Then you have coins that go 3x in 12 hrs and then drop again by 30-50%...without any updates from the team etc. While the potential 20x gains makes me and most others salivate with greed, I only want the 20x gains when it seems like logical speculation.
Even though GNT being .52 cents without a platform is crazy enough, but at least it's growth is logical considering the bubble market right now.
It goes up 10 cents, down 3 or 4...hovers there for a week or 2 and same thing another 10 cents.
Komodo went from 45 to 1.50 back to .93 within like 20 hrs and everyone chalked it up to either bitcoin prices fluctuating or because people wanted to sell for a dollar and not less...ugh it also has NOTHING to do apparently with the free air dropped assets they're going to be receiving...
Free assets just for being a token holder...doesnt seem illogical at all...about as logical as the FED printing more money and giving it to banks to loan us back for interest...
(Btw ty Zerohedge for opening my eyes to the FED 🤓)