Having an unlimited supply is a very bad argument for not investing in a cryptocurrency.
You are very wrong here.
Scarcity is an economic law of every product and nobody can avoid economic law.
Just look at Gold, it is valuable because it is very scarce.
Just look at Venezuela Boliviar, it has no value because is is printed indefinitely.
Just look at Sand, every beach has so much sand, also every desert, sand has no value because it can be produced almost everywhere.
MARKET CAP is always
NUMBER OF SUPPLY x PRICEYou need to understand
Monero and Ethereum also have an unlimited supply.
Ethereum Devs have already started to change it because Ethereum devs know very well about Ethereum inflation problem.
Poldadot can just change the inflation rate because they have centralized authority like Ethereum. They can change their inflation policy whenever they want.
And? Do you consider a centralized coin as a good feature? LOL
See again how wrong you are!
You have exactely zero knowledge about a good coin!!!
A good coin should not be possible to be influenced, a good coin is decentralized. If devs are making a mistake, it is possible for devs to kill a whole coin. Or if devs are shot by a muderer, a centralized coin can be killed!
A centralized coin is a very bad coin!
Bitcoin and Avalanche have not such issue because of decentralisation. It needs a very big agreement for coins like Bitcoin (see Bitcoin Cash Fork) or Avalanche (900 validators) to make changes or kill such a coin. Decentralisation is a very good feature.
10% max inflation rate is not too bad.
LOL
Again you are very wrong!
10% inflation means during 10 years, your coins will lose 50% value because 100% more coins are produced. Bitcoin and Avalanche has not such issue.
When you look at the countries you mentioned (Venezuela, Turkey, and Argentia) they have inflation rates of hundreds or even thousands of percent.
Yes, and it is a horrible inflation.
It is not enough to come to a conclusion about polkadot just because of the supply. Ethereum has unlimited supply and it's supply is in hundred plus of millions!
WRONG!!!Ethereum will switch away from horrible inflation like Avalanche does now already!!!!
Polkadot is SHIT COIN!
I see Polkadot often mentioned as a good coin when people are asking for DeFi plaforms. But Polkadot is not a good coin, I found out after some research.
Please be caution, when you buy coins because coins are often praised and not mentioned about disadvantages.
Here is why Polkadot is a bad coin for an investment:
- Polkadot hat unlimited inflation, means, Polkadot has not a fixed supply where we know how many coins will be produced.
I hope you will do a complete research on Ethereum and XRP as well and if i remember the last time i checked even they did not have a fixed supply
I did my research on XRP and it's a very centralized shit coin. Educated investors will avoid it
@everyone!
Do your research properly! Ethereum will make an EIP 1559 where inflation of Ethereum is DECREASED!!!!