Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Musicoin is here ("No premine,no ico,no bounty") )
by
jenifive
on 19/03/2017, 07:20:11 UTC
Here's some real math for everyone, this should settle the infinite supply issue once and for all.

Counter-argument to coin supply hesitation:

Say we have 1.8M coins generated per day (approximation based on current block time and reward).  
At a constant rate, in 100 years we will have 65 billion (65,000,000,000) coins, which is 3,000 times the number of bitcoins.  
The current price of bitcoin is ~$1000.
So, if we have 3,000 times as many coins, and you only care about coin supply, then the price of Musicoin would be ~ $1000 / 3000 ~= $0.33.


In short, you're not going to be alive long enough to care about such inflation. On the off-chance that we discover the secret to immortality, I suggest selling off between 100-200 years from now because the price will half by that point and I would hate for you old farts to lose money.
I think some of the clarification regargind infinite mining supply should be on main forum page of thread so people wont ask the same think again and again