After looking at the market on Bittrex (constantly) and monitoring CoinMarketCap, looking at the coins within the top 100, trade, price etc. I have come to these personal thoughts:
Where Sterlingcoin should be placed - Top 15 (This is through assessing the shit/scamcoins, total coins, specs, market prices and services)
What price should we be looking at as a minimum - 0.005BTC per coin (Darkcoin is valued at 0.006BTC per coin with around 800k more coins in circulation)
Obviously these are only my personal thoughts and not that of the teams, they may or may not agree and have thoughts of their own the same as members of the community.
What are peoples thoughts?
Realistically, somewhere above top 20 in the current market is very feasible for Sterlingcoin.
Pure Proof-of-Work evangelists might tell you otherwise, but PoW mining profits are now a pipe dream for most. In recent weeks we have seen Bitcoin (and some alt. coin) cloud based mining services disappear before users can ROI. The constant race to design, manufacturer and to own expensive PoW mining equipment is leaving investors and speculators with further reduced opportunity to ROI or just break even. Proof-of-Work is undoubtedly becoming more and more centralized.
Pure Proof-of-Stake can provide a more certain prospect for ROI when the fundamentals are correct. Very few PoS coins have got what might be considered the perfect mix in terms of total money supply and the ongoing interest percentage to make the model both realistic and economically viable as a currency.
PoS has many other advantages over PoW imho. Why purchase expensive mining equipment or fake cloud mining contracts when you could just buy Sterlingcoin and perhaps stand a better change to at least ROI both long-term and short-term.
Crypto currency is about ownership of your money through decentralization providing a further reduced need to trust any 3rd parties with your transactions or savings. Sterlingcoin perhaps facilitates this over and above Bitcoin or other PoW schemes due to the added incentive to the keep your Peer-to-Peer wallet online to stake interest on your coins, not to mention that its also much much more environmentally friendly in the long-term as well.
The original hybrid PoS currency Peercoin provides 1% interest on your held balance, which in reality is not enough interest to even cover most users transaction fees. Although PoS was designed to solve other problems, most users are interested with regards to having an interest bearing crypto currency account.
Mintcoin is perhaps the strongest example of a pure PoS crypto currency to date imho. Whilst the original 20% interest is certainly to high it reduces over a four year period (by 5% per. year) where it eventually settles to 5% max. in all subsequent years.
Around 5% PoS interest could be considered the perfect ratio as it both covers transaction fees and allows interest on your held balance at (or just above) 4% which is ofc a percentage familiar to most fiat savers as an acceptable and realistic return on small to medium deposits.
Sterlingcoin being more towards an asset based crypto currency offers a strong identity moving forward, as well as very sound economic fundamentals and principals to match.
I will go as far as stating that Sterlingcoin is perhaps the asset based crypto currency that CryptogenicBullon could of been and that Litecoin should really be. What I'm trying to say is that Sterlingcoin should really be placed at least sliver to Bitcoins gold when you consider all of the above.
- Happy New Year Everyone -
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