It's nice to see that the dev is still replying to the community after 300+ pages.
good community as well. I'm just surprise this crypto is still a penny fraction...
Why the 13.4 Billion supply though? would need a huge market cap to move the price.
16.5 billion* when we're done minting.. we didn't build this currency for everyone to get rich over night. we did it with fair distribution in mind. price was never on the list of priorities for verge. the values that make a good currency are all we focus on:
public ledger, so people can see distribution and easily verify transactions. seeing distribution is important, because with alot of currencies, especially high volume ones, many of them achieved that by just a few people accumulating a majority of the supply at a low cost, then inflating the price. that really isn't a secret to most who have been in the crypto-space for the last 3-5 years. by the way, these people have almost complete control over whatever market they have a majority of the supply in. they can make the price go to 0, or double, instantly, at any time. coins without a public ledger, will never receive mainstream adoption.
user privacy, so that the public ledger could be maintained, but also a user's ip address wasn't exposed to the network, allowing his physical location at the time, and identity, be easily tracked by anyone with nefarious intent. (most coins broadcast user ip's which make users VERY EASILY tracked to their physical location, like zcash, pivx, dash, etc) also, with user privacy, we want to keep providing a wide array of privacy resources, like our i2p and tor electrum wallets, the new tor-only and i2p-only android wallets coming out, tor/i2p web based wallets, etc..
fair distribution, so that anyone can obtain coins through mining, because of our option of 5 different proof of work algorithms that are cpu and gpu friendly, and of course, the large supply created initially. this gives a fair amount of time for the large supply created so quickly, to get dispersed more easily/widely.
ease of use, so that transactions are nearly instant, and the user privacy aspect was simple and not over-complicated/intimidating for the average user. this is where we mostly focus our efforts now, as well as establishing a marketing team and campaigns, since we feel we have matured at this point and are ready to focus on widespread market adoption.
So I cannot view my coins if I hae 2FA activated on my account?