Quote from: BitcoinNational on January 07, 2015, 06:25:11 AM

Quote from: IMZ on January 07, 2015, 04:55:32 AM

And if Unobtanium 'nearly' has a sustainable mining rate, then it still doesn't have a sustainable mining rate.

True. If UNO goes to $1000/coin tomorrow then we must pay the miners, the POW network, $15,000/day. I think that is a bit much. But we will only have to pay $4000/day around November. BTC @ $1000/coin must pay $3.6M/day.

This makes UNO 900x more efficient at securing value on a SHA256 network. Does this sound appealing? And it gets more and more efficient as we approach year 2020.

Had to smile about that one. If uno goes to 1000$ a coin there will be enough demand for 15k$ a day to cover that. The fast halvings provide short bearmarkets. So let's say uno does suddenly rise like crazy to 1000$ a coin: that increased demand will pretty much cover the inflationrate and soon it halves again to 7,5 coins a day which is totally sustainable.

Uno right now at the same marketcap like bitcoin would take 300k$ per day to run it whereas bitcoin uses more than 1Million$ in funds every day to run. Uno is already 3 to 4 times more efficient than bitcoin. With the next halving that efficency will double to 6 to 8 times more efficient than bitcoin.
So Uno is already much more efficient than bitcoin and will be more so as time passes.

calculation:

hypothetical cap of 4 billion (bitcoins cap right now)
Bitcoin 3600 coin/day inflation at 300$ per coin uses around 1million USD in funds every day
Uno at 4 billion marketcap would be 20000$ for one coin and would use right now around 300k$ to run at bitcoins marketcap with that daily inflation of only 15 coins/day - halving about twice a year, so that cost would come down further.
Uno is definately more efficient than bitcoin and thus more appealing to store value or invest in it.
Bitcoin is good in turning money into heat but not as store of value. Tongue