Post
Topic
Board Announcements (Altcoins)
Re: [ANN]Cryptocurrency's killer app: disrupting web ads via RaiBlocks micropayments
by
s11made
on 06/05/2016, 15:11:35 UTC
There is no way enough of this coin available without re-opening the faucet. Distribution is stalled at 18,186,192,099 KRAI as per the faucet. A mrai is currently selling at about 350 satoshis, so a krai is worth about 35 sats x 18 billion = 6,365 btc.
1 Mrai = 1000 krai
So market capitalization is only 63.65 BTC at 350 per Mrai (0.35 satoshi x 18.19 billion).

Ha! Even with a calculator, my math is rotten! So 63.65 btc @ $460 US each is less than $30,000 US - not much.

But the dev wants more ways to use mrai, so someone should open a faucet (like they do for btc) and earn from ads for each person who claims. That would get some mrai moving around.
This is what i suggested before but i got blasted for saying it. We need the faucet to be decentralized and like you said, it will
get some mrai moving around.
Everybody is free to open their own faucet and redistribute their own raiblocks earned by solving captchas.

Like Bitcoin uses POW as a distributiin mechanism, raiblocks uses a faucet...

You wouldn't suggest that every bitcoin miningpool receives 25BTC per 10 minutes... So why suggest multiple faucets?