Post
Topic
Board Announcements (Altcoins)
Re: [ANN] 1337 [MANDATORY UPDATE] 334.25% APR| FORK ON THE 25TH OF AUGUST
by
bredsaal
on 22/09/2016, 12:27:23 UTC
I can't vote, but I say do the swap and here is why:

It could help solve a couple of issues; the extreme inflation and the high coin supply..

Right now, because of the inflation rate and the coin supply, we need to spend quite a bit of BTC every day to keep the price at 1 sat.. If price rises 1 satoshi (to 2 satoshi), we need the double amount of BTC, and it seems unlikely that anybody wants to supply that kind of buy support for a coin whose price is not likely to rally / pump..

If we want the price to rise, we need to reduce coin supply drastically by swapping the current 1337 coins to a new coin with an exchange rate of say, 1000:1, this in itself should make the coin more valuable, per coin..

But we also need to reduce the inflation rate, otherwise, the supply will grow to a point where keeping price stable is unsustainable once again.

If we could get the new coin priced around 100 satoshi or more, it would allow market makers to effeciently make the market move and if they can do that, they provide liquidity for the market, which would allow us to unload our staked coins for instance or to speculate in the market.