i see what ur saying and agree, but you need to rember XC dev was a CEO of a major company and this coin is capped 10million pow and 33 million total with pos DRK will reach 28mil before we reach 33mil you can be sure of that
We'll see how it turns out. It needs better distribution / scarcer supply / low inflation to become top notch in this department.
I also made an error in my last post regarding the 33m cap vs infinity (I've added an EDIT comment in the end) - you are right.
Alex, you're obviously a fan of low inflation, so how comes you've been supporting Darkcoin all this time?
Darkcoin released more coin quicker than MRO and XC.
Yes that's very good for inflation - even if by accident. Fast initial distribution + low distribution later on = lower debasement of the existing monetary base than a steady curve. That's also a strong point for pow+pos systems if the staking itself does not multiply the monetary base significantly.
Compare that to LTC for example that will issue like another 10.5mn coins by this time next year and it's a disaster. Who the f*** will buy 10.5mn X 10 USD = 105mn in litecoins? It is not sustainable.
MRO has a fast initial distribution and a lower distribution later on, yet you say that's bad too.
It's not that fast (~a couple of years) and the problem is that when the price has elevated before the initial distribution, it is impossible to find the BTCs necessary to preserve the price. Then the bitching begins about the price being stagnant and then the coin is declared dead in favor of someone other which spikes.
If, say, you add another 2mn coins in a year (compared to 1mn right now), you'll need 2 times your current marketcap to absorb your monetary supply. Buyers of MRO have their supply debased like 10 times in a couple of years and they can only hope to *at least* have 10x buying interest
just to preserve price. In order to see 10x gains, they'll need to find buyers who will be at 100x - and throw this type of money in a very fast rate.
DRK was distributing coins left and right at 0.02$ because the instaminers did not really value them and hence the quick distribution was not problematic in terms of BTC-required-per-day-to-buy-daily-production. You could buy like 100.000 drk for 2.5 btc. When distribution slowed down significantly with the escalating hashrate (moore's law formula where hashing reduces rewards) debasement rate was reduced. Calculate the number of MROs per day vs DRKs per day (2880 coins per day) and how many BTCs each require to (at least) preserve coin price at the same level. You'd think that DRK would be problematic due to its spike (BTC and LTC are problematic in this regard when they spike) but it isn't.
X11coin will have a massive advantage over MRO in this regard once the PoW phase is over as it won't require any serious money for daily production. BTCs flowing in will mostly go for price increase. This will in turn create bitching for MRO and "oh why doesn't the price move" etc etc. It's hard finding a balance that is fair, distributes the coins, doesn't debase the coin too much daily and which works towards the success of the coin.
It usually will fail somewhere. DRK has the instamine accussation for the quick first distribution, PoS/PoW hybrids are essentially instamined as they throw most of their monetary base in a short period of time (millions of coins per day) so late miners who want to mine can't mine it -but they do curb inflation once the pow phase is over solving that issue-, steady-curve coins are fairer but they can't go anywhere in terms of price if they have an initial price spike which is un-maintainable (and that's not what most people want to see when they buy coins) as the monetary supply expands etc etc. POW coins with faster curve at the start can be a solution if they are very accelerated and RARE + don't experience a price spike at their infancy which makes the daily production un-buyable (too much BTCs required => fading price). They can still be considered "unfair" towards late miners who mine for less coins (overlooking that early miners mine many coins at lower price vs late miners who mine few coins at high prices).
It's kind of a mess trying to balance these out to find the optimum economic parameters without creating criticism of some kind, either from holders, outsiders, miners, investors etc.