We have almost all quarks mined.
What will happen after there will be no one left to mine? What with miners and confirmation of transsactions. What with the price?
What will happen after there will be no one left to mine? What with miners and confirmation of transsactions. What with the price?
Based on the descriptions provided at the beginning of this thread.
* Total of 247 million QRK will be mined in ~ 6 months, after that ~ 1 million QRK p.a. (~ 0.5% p.a inflation)*
So after 247 million coins get mined, then after that 1 million per annum (year), with a max inflation per annum of 0.5%.
If you know that 1 Billion = 1000 Million , then this has quite a ways to go if you compare it to the U.S dollar which has printed well over 17 Trillion dollars flooding the world with cheap, toilet paper currency.
Most people don't realize that the United States will never be able to pay back its debt, even 1 Trillion dollars is daunting.
Definition of a Trillion: https://en.wikipedia.org/wiki/Trillion
Getting back to Quark, so it will take 53 years after 247 million coins to hit 300 million coins, I think that is perfectly acceptable and enough to become a world crypto currency for the trade / transactions with a fair amount of security and stability.
My only concern right now, is that there isn't enough "Mining Pools" right now, there should be more being set up.
