^There will be a tail emission (see OP):
Quote
A minimum subsidy may be implemented in the future with <1% annual inflation to preserve mining incentives.
I believe the vast majority of holders are supporting the tail emission and it'll be implemented soon enough.Sounds like Monero will never go to really high prices like UNO might go...
Unobtanium is nothing except a clone that had the majority of coins emitted in a month or three (i.e. it probably has an extremely poor distribution). Looking at the rich list here, https://chainz.cryptoid.info/uno/#!rich , that seems to be true with > 80% of coins held in 100 addresses. It hasn't had any significant updates in more than six months, meaning it isn't even keeping up with progress implemented in bitcoin core. I know people have been shilling all over this forum for UNO, but I imagine those people are mostly early adopters looking to build buy support to dump into. I don't think UNO is surpassing XMR in marketcap, but if you think so, better go all into UNO before it gets "more rare". Also, Bryce Weiner, ick.
I agree that UNO is a clone etc.
The goal of UNO is not to be #1 in tech but # 1 in increasing the price and marketcap of the coin. While all the coins - including bitcoin - is tanking severely this coin has risen 7 months a row. The bull trend of the coin is something I am unable to ignore.
After all, I am an investor more than tech enthusiastist.
I thought in autumn 2014 that UNO is only a short term pump but behold - it is still growing.
And if there is a dump, it cannot be that severe since there are not that many coins available for dumpsters to dump.
There are more than 10 000 wallets in UNO so it is safe to assume the size of the community is probably 1000 members.
I say this once again: The bull trend has been in force months - not days or weeks. Something is fundamentally right there. I wish we as XMR community learn our lesson, too from the winners, not from the losers.
But yup - low inflation coin is something that is definetely the only way a coin can get a significiant value. Otherwise the inflation will kill the coin. Very basic economics and can be seen very clearly among the alt coins, too.