Post
Topic
Board Mining
Re: Miner reward = 0.01√difficulty
by
Cinon
on 19/12/2016, 04:20:53 UTC
~the cap of 21 million would be lifted.

go here (https://coinmarketcap.com/#USD) then in that table click on the "Available Supply" link in the header to sort the coins with that factor in a descending order and take a look at coins with a massive available supply and take a look at each of their prices.
and if you are not familiar with the concept of "supply and demand" google it.

I'd argue that the demand for bitcoin is low because of the early adopters hoarding most of bitcoin and waiting for the greater fool to fall in the trap. If the distribution was more fair, the demand would grow faster than the increased supply.
Also, the miners, who are the backbone of bitcoin, are being exploited by constantly decreasing wages and more difficult work every day! We must unionize!