Quote from: jeffthebaker on May 09, 2017, 03:37:50 PM

Quote from: Lauren Smith on May 09, 2017, 01:13:29 AM

Quote from: snakes-r-us on May 08, 2017, 10:01:33 PM

Quote from: Lauren Smith on May 08, 2017, 02:19:15 AM

How often are the rarepepe burnt ? Why but something when there so many of them already ? I can'tfind any info on this anywhere. And what does the lock mean ?

5000 PEPECASH is burned with each new pepecard submission:
http://rarepepedirectory.com/?page_id=25

The initial PEPECASH supply was 1 Billion, but it is now down below 700 million. The lock means that no more pepecash can be created, ever. More details on the present can be found here:
https://counterpartychain.io/asset/PEPECASH
(the largest address with 30.2% tokens is the burn address which noone has a key to, meaning that these pepecash are burned for good.)

Given that the supply is fixed and reduced with each new pepecard the supply is deflationary, which is very good news for long term investors.

So even if there is 100000 of a card in a few months I can bare some profits using it as an asset. I just got concerned when I saw the massive amount of pepecards around. They won't be worth anything u less people buying them and to have that many is basically an infinite amount.

It's hard to say if high issuance cards can be profitable in the long run. We simply don't know yet. If you're expecting putting a few satoshis into a cheap pepe and hoping it moons some day, I'd argue you're better off purchasing shitcoins instead. Rare Pepes that are high issuance serve more as memorabilia than investment.

That is what I am saying. Nice to buy now if many people come. I have a feeling this might take years so it's a very long term investment which is bit a bad thing. My worry is that there more cards then people participating in the collection of cards and with more cards coming out all the time we need even more people.i think the new card releases should slow down untill we have more support here.