Quote from: murt9000 on March 29, 2017, 02:23:02 PM

You're comparing an established platform with backing from leading multinational corporations and a market cap of approx 4.7B to a fledgling crypto that may or may not gain traction and establish a user base, and you're saying that MUSICOIN is cheap on the basis of that comparison. Why didn't you compare it to bitcoin or Google shares instead? It's all like for like comparisons right?

I'm not saying that MUSICOIN can't be successful in 10 years time, anything's possible in crypto. What I'm saying is that it's important that investors understand that the supply of this coin will grow massively and rapidly, no one disputes that so far. An increase in supply has a inflationary effect, i.e. it devalues the currency. Many cryptos have a deflationary halving built into the protocol and this has the effect of rewarding early investors by limiting the future supply of the coin. Unlike Musicoin, Ethereum will never exceed around 110M Ether. Musicoin does not have any mechanism to protect early investors from the inflationary effect of the protocol, on the contrary early investors will be disadvantaged because the coin will be devalued over time as new coins are perpetually created at a rate of around 1.8M per day.

you are right to have this concern as i have too questioned the coin supply around page 25, and he result was the price should be somewhere between 11k sat and 11 sat. Which is exactly what they have delivered.

the best answer i got was this:

Quote from: Chance567 on March 19, 2017, 04:46:01 AM

Development is in very early stages of determining next best steps to change from PoW at this time. I don't want to give away their secrets, but I know they're looking at potentially using Proof of Space rather than Proof of Stake due to the nature of the project. I'll update the thread when they reach a consensus on a plan of action.

so there you go...proceed with caution. unless you can increase demand personally yourself by 1.8 mio a day, i'd say go mine some right now and watch for dev update.