Apologies if this has been discussed already. I've been out of circulation for a fortnight with almost no web access.
I'm curious about the economic effect of the ipo.
Ethereum has been blamed for sucking btc out of the system and causing a brutal bear market in the alts. Would this be the reverse of that? Btc used to buy selected anon-alts, significantly boosting their prices. Plus the supply/demand effect of tying up thousands of btc-worth of coins in cold storage. Alts like Litecoin get hit both ways - sold as a vehicle to buy SuperNET shares and then excluded from joining the network.
Thoughts?
I'm curious about the economic effect of the ipo.
Ethereum has been blamed for sucking btc out of the system and causing a brutal bear market in the alts. Would this be the reverse of that? Btc used to buy selected anon-alts, significantly boosting their prices. Plus the supply/demand effect of tying up thousands of btc-worth of coins in cold storage. Alts like Litecoin get hit both ways - sold as a vehicle to buy SuperNET shares and then excluded from joining the network.
Thoughts?
i think coins lacking innovation will suffer, which is good in my opinion. like you said, coins that aren't part of SN might be sold by people looking for funds to invest with. some people will reject this, ie hodlers of forks. they will write off SN as some giant "ponzi scheme" or whatever terminology. which is also good; the crypto world doesn't need people who are afraid of change.
we're seeing technological innovation in this specific sector happening extremely fast (EXTREMELY!!). i think we'll see a fair amount of people and coins get flushed out with the advent of SN
adapt or perish...
1. evaluate the coins they own to see if it has any unique features and if not, then I apologize to them for what is about to happen. If they are reading this, then hopefully they can get better price.
2. they can then look for coins with good unique features and a good community to target the coins most likely to become part of SuperNET CORE. it is risky as all the coins look like they will be saying they will get into the CORE, but the people that can properly evaluate the odds, could make some good money
3. they can just buy at IPO and wait for only the actual deals, which SuperNET benefits from and also collect the future dividends.
4. Some NXT assets will also become part of the CORE, and could well start trading on some exchanges
The expected size of offering and thus the userbase of SuperNET is getting pretty large. With the expected value of the future dividends being proportional to the number of users, the larger the IPO, the more the expected value and the higher the expected book value multiple upon trading (up to some saturation limit if it really goes crazy high, but this is not so likely as there is no fancy marketing stuff, just my ramblings)
James
P.S. for those who are worried that SuperNET will somehow compete with BTCD, I hope you are understanding properly now.
People should know , SuperNET does not compete with BTCD. BTCD is heart of SuperNET. is there a competition between the body and heart? Never
always a healthy heart keeps body in the best condition.
Sorry - there's been a misunderstanding about my post (not surprising, I was exhausted after travelling all day when I wrote it on my phone - never the best time or way to make a point clear).
The idea was that the SuperNET IPO would actually benefit various coins, in exactly the reverse way that Ethereum had damaged them - over and above any intentional effect it had on a coin's value. By pulling money into bitcoin via Coinomat, purchasing key alts and restricting their supply by hodling, it aims to do almost the exact reverse of what Ethereum did in its IPO.
