I don't think people would take too seriously cryptos with lot of coins mined by block. Would remember hyperinflation and 1 trillion Zimbabwe dollar bills and people measuring money in KG instead of by value.
But of course this is secondary, if the fundamentals are good and the developers are serious it a large number of coins won't kill the project
Topic: Question about coins total supply (Read 795 times)
actually i can not choose any of your poll choices because it matters and doesn't matter at the same time!
if the coin has a big amount of total supply doesn't mean it is bad.
and if the coin has a small amount of total supply doesn't mean it is good, or it is going to succeed!
for me, i care more about how it is distributed. for example if it has 10 million coins and 9 million is premine or with any other scam is in control of the dev and 1 mil is open to public, that coins is dead to me
if the coin has a big amount of total supply doesn't mean it is bad.
and if the coin has a small amount of total supply doesn't mean it is good, or it is going to succeed!
for me, i care more about how it is distributed. for example if it has 10 million coins and 9 million is premine or with any other scam is in control of the dev and 1 mil is open to public, that coins is dead to me
total amount of coins, block reward, block time, premine.....give just 10% the worth of a coin, but the project beside the coin, the goals and the innovation planning, the good publishing, ...which give the value of a coin
Both block rewards and total amount of coins matters to me. Both of them must be small enough!
Actually people simply say coins with high total supply as scam because most of the high supply coins will have high amount of coins already pre-mined to distribute during ICO. Also high supply means high block reward which will increase available coin at anytime, there will be no any balance between demand and supply because there will be no one ready to buy those newly mined coins this will ultimately lead to dump in price when listed on exchange platform.
I dont get this.
Are these newbies and people without knowledge.
They first comment is coin is shit if total amount is too big.
People who always complaining about total amount of coins.
What does it matter?
But still they dont care to look at block reward, block time or halving.
That makes no difference if the total amount is huge or not.
Reward rule defines how much coins there will be out when planning distribution schedule.
What makes a difference is how long it takes to reach the total limit.
Would they still say that total amount is too big if it would take 1000 years to reach it?
Are these newbies and people without knowledge.
They first comment is coin is shit if total amount is too big.
People who always complaining about total amount of coins.
What does it matter?
But still they dont care to look at block reward, block time or halving.
That makes no difference if the total amount is huge or not.
Reward rule defines how much coins there will be out when planning distribution schedule.
What makes a difference is how long it takes to reach the total limit.
Would they still say that total amount is too big if it would take 1000 years to reach it?
Problem starts when developers issue lots of coins and they take huge chunk for themselves. So only tiny part hits the exchanges, but for marketcap you calculate all available supply altho most is sitting on developers wallet. That is how this coin get really high by marketcap altho have no innovation and no one is interested in it beside random newbies that only see the marketcap.
I dont get this.
Are these newbies and people without knowledge.
They first comment is coin is shit if total amount is too big.
People who always complaining about total amount of coins.
What does it matter?
But still they dont care to look at block reward, block time or halving.
That makes no difference if the total amount is huge or not.
Reward rule defines how much coins there will be out when planning distribution schedule.
What makes a difference is how long it takes to reach the total limit.
Would they still say that total amount is too big if it would take 1000 years to reach it?
Are these newbies and people without knowledge.
They first comment is coin is shit if total amount is too big.
People who always complaining about total amount of coins.
What does it matter?
But still they dont care to look at block reward, block time or halving.
That makes no difference if the total amount is huge or not.
Reward rule defines how much coins there will be out when planning distribution schedule.
What makes a difference is how long it takes to reach the total limit.
Would they still say that total amount is too big if it would take 1000 years to reach it?
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