Post
Topic
Re: Valorbit | VAL | https://valorbit.com | Valorbit coins Distributed By Humans
by
valorbit
on 19/03/2016, 11:27:54 UTC
As we all know internally the cryptos use integer raw units.
The decimal place is a formatting convention for humans and correlates with a denomination like milli-bit or micro-bit.

Using the same units from Bitcoin units
we need to scale the units to compare similar things.

For 8 decimal places let's compare:
DOGE with the Mega-Val :  1 MVAL = 1 000 000 VAL

For 2 decimal places let's compare:
VAL with the  micro-Doge : 1  μDOGE = 0.000 001 DOGE

Let's take two recent trades on C-cex.com

Date                | Trade  | Cryptos            | USD total      | Price
2016-03-19 07:09:48 | Buy    | 1250000.00   VAL   | 0.8375     USD | 0.00000067      USD/VAL
2016-03-19 08:18:07 | Buy    | 444.72323738 DOGE  | 0.10660016 USD | 0.0002397       USD/DOGE




The USD total stays the same , however the exchange rate to USD will be adjusted correspondingly so that the Total =  Cryptos X Rate   stays the same .

Comparison MVAL vs. DOGE ( both have a scale of 8 decimal places)


Date                | Trade  | Cryptos            | USD total      | Price
2016-03-19 07:09:48 | Buy    |   1.25000000 MVAL  | 0.8375     USD | 0.67            USD/MVAL
2016-03-19 08:18:07 | Buy    | 444.72323738 DOGE  | 0.10660016 USD | 0.0002397       USD/DOGE


Comparison VAL vs. μDOGE ( both have scale of 2 decimal places)


Date                | Trade  | Cryptos            | USD total      | Price
2016-03-19 07:09:48 | Buy    |   1250000.00   VAL | 0.8375     USD | 0.00000067      USD/VAL
2016-03-19 08:18:07 | Buy    | 444723237.38 μDOGE | 0.10660016 USD | 0.0000000002397 USD/μDOGE


Quite a rate difference between USD/VAL and USD/μDOGE !

Why would that be? Is the market right?


Working in raw units it turns out that the current supply for Valorbit is actually a lot less than Doge:


Crypto    |        Raw units ( integer )     | At scale of 2 decimal digits     | At scale of 8 decimal digits
Valorbit  |     92 233 864 645 128 900 units |     922,338,675,349,230.00 VAL   |     922,338,675.00000000 MVAL
Doge      | 10,354,519,659,000,000,000 units | 103,545,196,590,000,000.00 μDOGE | 103,545,196,590.00000000 DOGE


About 112 times more raw units in Doge than Valorbit ( or micro-DOGEs than VALs).


And talking about quadrillions
From Bitcoin wiki
Bitcoin has 2.1 quadrillion raw units, making up 8 decimals of BTC precision

Note: Currently about 75% bitcoins have been issued , i.e. about 1.5 quadrillions satoshis.