Does Ubiq have the potential to take over ethereum
Assuming you're talking about market cap?
Potential, yes. Will it? You're talking about Ubiq's current market cap over x500 and thats if Ethereum stands still. Ethereum has a lot of new tokens launching on their platform and this serves to increase its price as the demand for ethereum increases. (you need ether to participate in those ICO's) Ethereum classic is seen as the closer rival to Ubiq I believe.
I'll try and summarise UBIQ for myself and other non technical noobs out there who are the majority of investors.
UBIQ
1. Launched fairly - no premining of coins. No over inflated ICO.
2. A fork of the Ethereum block chain. Ubiq offers the functionality of Ethereum in an enterprise ready, stable form with less bugs.
3. Team is great; lead by Julian Yap - very experienced in block chain working with Decred, Blocktech, and bittrex (over 100 code reviews)
4. Has already launched a couple of ICO projects on their network - Qwark and APX amongst these
5. Initial coin supply of only 36,451,770 and this will increase at a deflationary rate.
I had trouble making sense of the schedule at first but I'll give a go of explaining for my fellow noobs:
At the end of the first year, total coin supply would be 39,318,679 (increase of 2,866,909 coins or 7.29%).
After the second year, total coin supply is 41,827,225 (increase of 2,508,545 or 6%). So as you can see the rate of coin addition is decreasing.
After year 8, total coin supply is 49,362,861 (an increase of only 358,364 coins or .73%). From this point on you will see only 358,364 coins added each year and this only serves to benefit the miners as they need their rewards.
As you can see after year 12 the total coin supply is 50,786,315 (increase of 358,364 or .71%)
From my point of view and I'm sure many others will share this sentiment, Ubiq will be a great store of value due to its deflationary monetary policy. A huge deal if you are a value investor such as myself.
Two key things I look at as a long term investment are:
-High Utility
-Scarcity
Ubiq ticks both and this is why I'm a long term holder, even through this recent dump. It looks like someone has swapped out their Ubiq to jump on the bitcoin train. I believe Ubiq is extremely undervalued.
Hope this helps everyone. Correct me if I'm wrong on anything.
Great summary!
This is exactly how I see things. UBQ has the possibility to tackle problems like inflation by adding coins to the total supply. This is something no other coin (I heard of) can do.
If you take a look at the quantity equation (http://www.digitaleconomist.org/mvpy.html), you see that they can react to any situation on the market, to prevent it from crashing. Other coins can't do that, because they have set parameters like the total supply in stone and can't change them.
