We designed every element for survival and eventual success. Even little things like the number 8 for the reward, that is a very special number in China. We could have made it 10, but why not use every design element in the best way possible? The coin is rare, but there are still enough. I think it is a good balance, and eventually, many years from now, there will be 13 million+ tokens out. What we didn't want was any risk of getting to a low sat price and then have people stuck and unable to trade. For example, a coin with many billions of tokens could be worth 2 sats, that is a huge problem because then there is a vast price difference in the buys and sells. We avoided that problem by designing it this way -- The pro and con that goes along with that, it does make it potentially more volatile early on.
That said. Bitcoin would not have gotten popular at a couple cents and no volatility. Nobody would have been talking about it. We all know it was lots of people hoping to get rich that made Bitcoin get press. That is also what gives Bitcoin the chance for real adoption and real world use. (Initial speculation) Speculation is mostly what is going on in cryptos right now, adoption is the end game. Adoption and real world use is a long term situation and something that realistically can take many years. So survival in the speculative world is very important early on. Please check into Expanse more though, rarity is just one small element and the very least of what we are doing. That was an element decided day one as it was so obviously the best design, and we have moved on from there spending many months working on Expanse.
Good answer.
Just the fact that you have not switched to a moderated thread is the strongest plus sign for this coin.
Glad you agree, I feel very strongly about having it non moderated. Transparency is basically everything for growing a strong community.
Some concerns though. The 380 btc buy wall at .00050199 looks like it was put by someone trying to pump the price rather than actually buy. Pumps are getting a little more clever than they used to be. People need to be a little bit careful. Still a lot of positives.
The more buy support the better, but "they" don't send me a memo on that sort of thing. If you look at the charts maybe we hit bottom and it is possible some are accumulating more. From my perspective the more the merrier, but for trading people should always be careful -- I suggest newer people just mine. Speaking of that, eventually we will have one click mining, and we might go hybrid POW/POS, so newer people could always mine to get involved without the risks of trading.