Looking at the XPY order book a dump of that size would take you half way through the damned thing and crash the coin at least 20%. Sounds like a real solid place to invest.
As for inflation we had a 12m premine and a 350k POW phase. They destroyed almost 150k coins and we have about 13.6m now.
Yup hyper inflation in action.
If GAW hadnt been too damned stupid to make staking work from the begining it would have been much much worse.
P.S The Cashtakers stake at just under 1% a day no compounding while the Primes compound. So they profit even on the "shares" in their prime nods. Stopping the selling of more cashtakers wont solve the inflation problem. it just guarantees GAW more of the newly minted coins they dont need to share with anyone. At least until someone puts up a decent Buy wall on an exchange at which point someone with massive amounts of XPY (Josh) dumps into it and swallows it up.
Thanks for the info, I've never mined and I'm not a techie so I don't fully understand how this whole thing works with the hashlets, staking and PayCoin.
So if over 1 million new XPY are minted every month, is there any way to know how many of those are outsiders and how much of that are insiders, meaning these supposed 100 elite, prime accounts or garza?
Cause there's no way this can be sustainable long term if the inflation is that high, indefinitely and with most if it being from outsiders, which will surely dump like crazy on any price spike.
So does anyone know the breakup and distribution of this inflation or maybe there's a plan to kill the inflation soon?