Soo - what you're saying is, there are going to be 50,000,000 paycoins bought at $2 each with a guaranteed buy back at $20 at launch.
Soo - no, I didn't say that at all.
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That would make a mess of any buy wall. Their are countries that couldn't handle that! It's 1 billion dollars.....
I'll tell you where I stand, I'm out......
I'll tell you where I stand, I'm out......
I'm really starting to wonder if anyone is paying attention.
There will be 12.5 million coins mined. There will be 50 prime controllers. Each prime controller must be staked with at least 1% of all coins... so at a minimum, there will be 6.25 million staked coins for the next six months. The coins cannot be sold.
GAW is offering up 5.5 million of the mined coins to their customers in exchange for the coupons called hashpoints. The vast majority of the vocal customers at GAW have stated they will stake as well. Did GAW push them in that direction? Without a doubt.
What about the remaining free roaming coins? Who knows what people will do. Staking at 5% yearly in a normal non-GAW owned wallet is not a bad bet for a lot of folks. Will people sell? Yes. Will people buy goods via their card and browser plug-in? Yes. Will that be enough to bankrupt the reserve? I doubt it.
