Quote from: Winston. on May 26, 2017, 04:53:41 AM

Quote from: AmarO on May 26, 2017, 03:46:50 AM

Why make trillions and trillions of coins?

Total supply is completely arbitrary and meaningless as far as value impact is concerned. Value is influenced by changes in supply.
Let's build up an understanding of the supply curve. Supply vs. quantity supplied
http://econperspectives.blogspot.com/2008/05/supply-vs-quantity-supplied.html

Now let's tie it together with inelasticity. Scroll down to 'perfectly inelastic supply'
http://www.economicshelp.org/concepts/inelastic-supply/

With a fixed supply that has a perfectly inelastic supply curve, there are no changes in supply to influence prices from the supply side. In other words, at all prices supply will remain the same. Additionally, the total supply (location on the X axis) is unchangeable, so the curve will not shift in relation to the demand curve, which WOULD impact prices in the future.

EDIT: I don't want to risk being ambiguous here: The supply of IOTAs is forever fixed at 2,779 Ti. That makes it perfectly inelastic while also being fixed in place on the X axis.

Quote from: AmarO on May 26, 2017, 03:46:50 AM

How much do you think David holds as well? Hahaha.

Hopefully enough to be fully incentivized for project success. Considering that no token allotment was held for the devs or founders and 100% of the tokens were distributed in the crowdsale, the more he has, the more it cost him. Incentive alignment from the top down is important, so the community has donated an unprecedented amount of money to the IOTA Foundation and various other fundraising efforts.

I understand what you typed about supply being meaningless as far as value impact is concerned but you can see as anyone else that a coins value going up that much before it gets on exchange is a serious issue as many dumps will occur. The coin supply concern was also tied in with how much the devs and founder hold. We have seen devs and founders do massive dumps before and nothing better to do it with than a penny coin. When a coin is on the exchange everyone is buying and selling however IOTA basically started buying and selling before the exchanges, manipulating the value. After an ICO it should go to an exchange not be traded between holders who can manipulate the value easily. This coin has been manipulated up since the ICO being traded between holders who can easily do that. By the time it gets on exchanges you can even 200x+ the value of this coin with manipulation however you want. I could have a good idea make trillions of coins then give it to investors and keep a semi private exchange where the value can be pushed from $.00001 to $.01 then bring it to a more public exchange. 1m coins getting dumped at a value of $1 is much more dangerous than 1m coins getting dumped at a value of 1c. A coin can only get its proper value when it comes out on a more public exchange after the ICO this has basically been traded privately resulting in an inflated value which will result in massive dumps. 1 guy who put in $10k decides to cash out when it gets on the exchange results in a $1m dump, $100k results in a $10m dump, $1 million results in a $100m dump. This is the massive issue due to coin supply and pumping before it gets on a public exchange the dumps will be endless. Also everyone asks "what was the ico price?" When people realize it was 100x less and see the coin supply is in trillions noone will want to get anywhere close to this due to the dump potential no matter how good the software is. The coin supply isn't the biggest issue although it supports it being a pump and dump coin, the biggest issue is how much it had X'd before it will go public. If it doubled or tripled before getting on an exchange that is not an issue but this is beyond a trillion coins that has been 100x before exchange I wonder what the value is if you multiple coin supply and price per you combine that with 100x before it goes public my goodness....

As good as the vision is behind this the coin implementation is awfully biased and noone will buy into a coin that has been 100x before going on a public exchange. Someone will just take the vision and create their own coin with more fair coin supply and price from ICO to exchange.

I wouldn't be surprised if BTC/ETH in private pull a quick one on the miners and take the approach this coin has taken which is masterful, DAG.