To all people saying that the will be huge inflation with this infinite block size.
Well lets wait for 10 years and see how it will work in future.
But right now, if it so important for you to calculate the coin price based on total max supply well
right now its 78 000 000 MUSIC ever existing. And there is 90 000 000 ETH ever existing right now.
Price for MUSIC is 0.00000825 BTC. Price for ETH is 0.049 BTC.
So using your logic the price for MUSIC right now should be at least 0.055 BTC.
And i dont know what are you waiting for and not running buying cheap MUSIC before it will be too late.
The point of my message is Total Coin Supply worth shit in terms on avaluating real coin price. It is what it is.
You're comparing an established platform with backing from leading multinational corporations and a market cap of approx 4.7B to a fledgling crypto that may or may not gain traction and establish a user base, and you're saying that MUSICOIN is cheap on the basis of that comparison. Why didn't you compare it to bitcoin or Google shares instead? It's all like for like comparisons right?
I'm not saying that MUSICOIN can't be successful in 10 years time, anything's possible in crypto. What I'm saying is that it's important that investors understand that the supply of this coin will grow massively and rapidly, no one disputes that so far. An increase in supply has a inflationary effect, i.e. it devalues the currency. Many cryptos have a deflationary halving built into the protocol and this has the effect of rewarding early investors by limiting the future supply of the coin. Unlike Musicoin, Ethereum will never exceed around 110M Ether. Musicoin does not have any mechanism to protect early investors from the inflationary effect of the protocol, on the contrary early investors will be disadvantaged because the coin will be devalued over time as new coins are perpetually created at a rate of around 1.8M per day.
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