Interesting comments.
What do you suggest?
Topic: IFC InfiniteCoin Reward Halves Today (Read 1152 times)
The network is not strong at all. Anyone who mines it is mining at a loss. Who ever is still mining is doing so just to keep transactions moving. Since there are no miners supporting the network then the coin does not have a base economy.
Miners are the foothold the short term viability of a coin until consumer and merchant support arrives. Miners get coins which they will hoard or trade. If they realize there is demand they will mine more. More miners will arrive to support the network to capitalize on the return. If trades see the appreciation in price then they will buy in further increasing demand. This creates a pool of liquidity. With enough miners and traders providing liquidity your regular consumer will start to invest. If merchants see a sizable pool of consumers with coins to spend then they will adopt the coin and the pool gets larger.
It's a sensitive dynamic. If any one of them is too strong or too weak the coin fails. IFC needs a significant protocol revamp. The rewards are not enough to entice mining. IFC needs a hard fork.
Miners are the foothold the short term viability of a coin until consumer and merchant support arrives. Miners get coins which they will hoard or trade. If they realize there is demand they will mine more. More miners will arrive to support the network to capitalize on the return. If trades see the appreciation in price then they will buy in further increasing demand. This creates a pool of liquidity. With enough miners and traders providing liquidity your regular consumer will start to invest. If merchants see a sizable pool of consumers with coins to spend then they will adopt the coin and the pool gets larger.
It's a sensitive dynamic. If any one of them is too strong or too weak the coin fails. IFC needs a significant protocol revamp. The rewards are not enough to entice mining. IFC needs a hard fork.
We're still kicking... don't count us out yet.
Check out this site for all your Coin Halving Needs
CryptoCoin Stats
And, in all seriousness, check out BTER's IFC/LTC pair - there is some significant action happening (relative) - somebody is making a serious effort to grab cheap.
Check out this site for all your Coin Halving Needs
CryptoCoin Stats
And, in all seriousness, check out BTER's IFC/LTC pair - there is some significant action happening (relative) - somebody is making a serious effort to grab cheap.
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they really have 2 values. the IFC/LTC value and the fiat value. compared to LTC/BTC they are worth nothing but to individuals they appear to be relatively valuable. its this apparent value im interested in, if i trade 1m IFC for LTC i have 1 LTC but if i sell 1M IFC for £100 i can buy 3 LTC. will the apparent value increase due to perceived decrease in supply or will the decrease in supply cause this value to decrease. Guess this should be in the speculation thread!
Does anyone know when they'll be fully mined? Somebody said they would be soon, but maybe they meant the blocks halving.
they really have 2 values. the IFC/LTC value and the fiat value. compared to LTC/BTC they are worth nothing but to individuals they appear to be relatively valuable. its this apparent value im interested in, if i trade 1m IFC for LTC i have 1 LTC but if i sell 1M IFC for £100 i can buy 3 LTC. will the apparent value increase due to perceived decrease in supply or will the decrease in supply cause this value to decrease. Guess this should be in the speculation thread!
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Isn't this coin basically worthless? So I would say not real change.
Yes, but people seem to be buying a million of them for over £100 on ebay. Don't know how many of them are scammers though. It will be interesting to see how much they become worth in the future though.
Isn't this coin basically worthless? So I would say not real change.
5 hours to go until the reward halves to 65 coins per block, how do we think that will affect the price and amount of miners?
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