This coin can not hold onto its value. It's too high. With 3 mill of coins at this value -> coinmarketcap of like $250,000. Super over priced to me. Even if you double your coins through staking... that's still a $125,00 marketcap. I will buy later when its 2000 satoshi or less.
id like to know what economics school u graduated from.. by your logic ltc should be worth 500 sat but it is actually worth almost 5 dollars .lets go back to the first rule of economics supply and demand u see in a free economy an item will cost whatever the market will bare .. in the case of ltc abundance has not outstripped desire to pay 5 dollars. im not saying this will be the next litecoin.. it is however a better network.. its more secure more "discreet" and has a much more accessible distro. the way the hash is processed gives a very small advantage to gpu. this small increase in speed is outweighed by the exponentially higher cost to produce those results.. in theory the mechanism will balance the scale. this alone is a revolutionary invention. but when u add in this new advancement that has not been announced. its gonna open the door for things u cant imagine making this not only a great system for safely sending information but something far more useful to people that can see what it means
so keep sitting around waiting for 2k sat, but make sure you bring a book cause ur gonna need something to read as this ship sets sail..
now i suggest you read this paper on what memhash actually does and maybe u will see the light ,and re evaluate your economic theories.
http://www.hashcash.org/papers/memohash.pdfi hope this rant helps u understand what you have in the case u are just a misinformed well wisher... if your intention was to create doubt i hope this shows how much u have to learn
I was making a
valuation statement, not an economic statement.
I was judging things like "how many users interact with this coin", "who the dev is and what's their background", "alternative solutions to the same problem", "free cash flow", "coin distribution", "length of blockchain", "3rd party software", "development funds", etc.
Using all of those factors, I think
this coin is over priced. There's already GPU miners being sold (be careful, it could be a scam). This coin should not be compared to litecoin. This coin should be compared to other cryptocoins that are more similar to it. Based on valuation... I might give this coin a $20,000 valuation right now. It's hard to give a good valuation because of all the future coins to be produced. You have to take those into account.