Post
Topic
Board Altcoin Discussion
Re: Question about coins total supply
by
Febo
on 19/01/2017, 14:27:06 UTC
I dont get this.

Are these newbies and people without knowledge.
They first comment is coin is shit if total amount is too big.
People who always complaining about total amount of coins.
What does it matter?
But still they dont care to look at block reward, block time or halving.

That makes no difference if the total amount is huge or not.
Reward rule defines how much coins there will be out when planning distribution schedule.

What makes a difference is how long it takes to reach the total limit.

Would they still say that total amount is too big if it would take 1000 years to reach it?





Problem starts when developers issue lots of coins and they take huge chunk for themselves. So only tiny part hits the exchanges, but for marketcap you calculate all available supply altho most is sitting on developers wallet. That is how this coin get really high by marketcap altho have no innovation and no one is interested in it beside random newbies that only see the marketcap.