What happens when a coin reaches the maximum supply??? - page 2.

jalaaal

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Quote from: smedinav on April 12, 2017, 11:22:55 AM

Hello friends
What happens when a coin reaches in circulating the max of his own supply
Example: lite coin have a máx supply of 84,000,000 nowdays the circulating are 50,601,982, so what happens when the circulating will be equal as the max supply.
Does the prices of the coin begins to grow up??

if an altcoin will reach its maximum supply, there are some possibilities that its price will never grow, or maybe, its price will dump eventually. because big whales will take advantage to that, they might control the flow of the market.

ant958

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I see Bytecoin is less than 500K away from circulating supply and maximum supply.

Going to be interesting to see what happens when its reached.

Pursuer

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Where is my ring of blades...

Quote from: elite3000 on June 13, 2017, 09:04:59 PM

Nothing. Rules remain the same for the protocol. Only parameter altered is block reward, that will be 0 once the last one is mined

actually a lot of things will happen because of that!

those altcoins that are relying on the distribution model of bitcoin, which is creation of new tokens in form of block reward given to the miners which then sell it to the market, has so far died before they reach their final stage of even nearing maximum supply let alone reach it.

and there is a good chance that the rest which are not close to that date will die badly because as the difficulty rises or the mining reward lowers and as the price of altcoins drop over time, mining becomes less profitable and because of that miners will stop mining and leave the network open to attacks.
if you check out some of the old nearly dying altcoins you can see many of them are attacked every now and then because their network is weak now.

elite3000

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Nothing. Rules remain the same for the protocol. Only parameter altered is block reward, that will be 0 once the last one is mined

mobnepal

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Quote from: smedinav on April 12, 2017, 11:22:55 AM

when the circulating will be equal as the max supply.
Does the prices of the coin begins to grow up??

If demand for coin doesn't grow with supply than price can actually shrink when coin will reach its maximum supply. Also if price doesn't grow enough to make mining profitable without block reward many miners will stop mining that will create another chaos and may lead to death of the coin.

pooya87

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well i am not aware of how all the altcoins work but those that are similar to bitcoin will work like this:
they never reach the maximum supply because the max supply is fixed and it is being distributed by giving the miners the new generated coins in form of block reward and that block reward is halved every fixed number of blocks.

for example with bitcoin it started with 50 then 25 > 12.5 > 6.25 > 3.125 > 1.5625 >0.78125 and so on and since it is half of previous amount it only gets smaller and there will be a very long time (>100 years to reach 1 satoshi even).

and as for miners earning. it will be from fees in the future when block reward becomes smaller.

and as for altcoins they probably die before they reach deep in that list of halved block rewards because of their pump and dumps and lack of usage.

smedinav

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Hello friends
What happens when a coin reaches in circulating the max of his own supply
Example: lite coin have a máx supply of 84,000,000 nowdays the circulating are 50,601,982, so what happens when the circulating will be equal as the max supply.
Does the prices of the coin begins to grow up??http://[flash=200,200][/flash]

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