So in all honesty, who here things myriad will peak at 1200 and then fall back or go passed 1500 this time?
Today expected peak is 700 max, then later in the night back to 500.
But in the long run as in a few weeks. Think it can hit 1500 or will it always stay in the 1k range because their are so many coins?
Keep in mind that 2,880,000 coins are mined every day. That is a lot of coins. We would need to increase the difficulty across all algos by tenfold to keep the price sustained at 1500.
So if this is the case.. Why do people invest in Myriad thinking it will go passed 1k? If its almost impossible because so many coins come out everyday
Developer fucked up.
MYR : Total coin supply 2 billion.
BTC : Total coin supply 21 million.
MYR : Daily coin supply : 2,880,000.
BTC : Daily coin supply : 3,600.
Good news. Its not too late to fork it, lower the total coin supply down to 200 million and daily supply to 288,000. How likely is this to happen ? Very unlikelly unless someone else takes over development.
Woa what the fuck.. So why won't the developer do this? He should if he wants a stable good price. This just fucks all up. If it can still be done, why won't he do it?
would be dumb to just lower total coins or block rewards with a fork that much. you can't just change those things without losing creadibility.
and why should 2 billion be too much ? what your saying is just retarded.
if you want to make calculations towards a stable price these are your numbers:
btc:
3600 x 430$ = 1548000$ needed for a stable price, given that all new coins are beeing sold
myr:
2880000 × 0,0026$ = 7488$ needed for a stable price, given that all new coins are beeing sold.
by those numbers i can't see any issue with total coins and daily new coin supply.
those are primer's numbers, not sure if those are correct, just saw myr on coinmarketcap, came to check the thread and saw that insane number play that i couldn't leave uncommented. i dont own any myr.... yet.
