Day 365) set buy order at 0.0365 btc (So basically in this model after 1 year the price would be guaranteed to never fall under 0.0365 as the safety net could buy every coin in circulation.)
I understand now but who's paying for the 1%
I understand the model, and looks interesting, but why would we able to buy every coin in circulation after one year? 1% would not be enough to guarantee this.. if many people wants to sell the buy wall is never big enough.. Or do i miss something?
Its not that we want to buy every coin nor could we at market rate. The 1% would set a safety net so that in that example after 1 year a buy order would be placed at 0.0365btc. This does not reflect the price it could be trading at more that if all 1000 coins wanted to sell the order wold be there to absorb it. Its a moving floor that could never be sold out. Some coins try to implement it but with Sync very limited number it makes it much easier to do quicker. Think of it as an insurance premium that accumulates so that over time it raises so in the event of a mass cash out it would absorb all the orders.
Although to repost one of my earlier post I still hope we reach the same as Ripples market cap at its height
What will be the expected price after pow?
If you could tell us that would really help. Everything we say will all be a guess and pointless.
Currently One Sync is sitting around $200 ea.
We can't predict the future but if Sync ever had the same Market cap as these coins at their prime (These were the highest the caps got I believe):
Ripple: Each Sync would be approx.: $50,000,000
Litecoin: Each Sync would be approx.: $744,000
Aurora: Each Sync would be approx.: $640,500
Maxcoin: Each Sync would be approx.: $368,546
Peercoin: Each Sync would be approx.: $122,000
Doge: Each Sync would be approx.: $90,000
Namecoin: Each Sync would be approx.:$60,000
Vert: Each Sync would be approx.: $40,128
Coin 42: Each Sync would be approx.: $37,800
Black coin: Each Sync would be approx.: $30,000
Darkcoin: Each Sync would be approx.:$29,983
Sexcoin: Each Sync would be approx.: $14,154
Netcoin: Each Sync would be approx.: $11,955
Even other more recent X11/POS hybrids that want to implement anon features (Sync already has one!)
Libertycoin: Each Sync would be approx.: $1349
Dreamcoin: Each Sync would be approx.: $393
Now there is some pretty big name, game changing stuff in there but when it hit its high if Sync ever got the same market cap that's what Each Sync would be worth. I think with how much interest Sync got its easily undervalued at the moment....by how much is anybody's guess.
