Post
Topic
Board Announcements (Altcoins)
Re: [$XVG] VERGE [POW][MultiAlgo][BLACKHOLE][Entire Line of TOR/i2P Resources]
by
Kryptomaniac
on 21/06/2017, 17:17:02 UTC
any chance the supply will get a cut in the future, i think what is holding back this wonderful coin, is the immense supply, if it can be reduced to million instead of billion would be better imho, i know it require a hard fork but its worth the risk

First I want to say our Dev Team is doing a Top Notch Job - keep it up!

Your suggestion needs to be analyzed.  At this point the space has gone into "Hyperspeed" and we need dramatic and intentional moves.  "Coin Reduction" would be a BIG MOVE; raising scarcity would increase value.

I would add that adding PoS immediately would be of great benefit as well.  It's hard to park your cash in a coin that doesn't pay dividends for holding while almost all other coins that share our objectives are providing STAKING incentives.  For the holder Staking represents some assurity during the inevitable "Pumps and Dumps" plus it provides a double incentive of value:  The rise in coin value (XVG $1.00) + the Staking Dividend.  For Hardware Miners it becomes a triple incentive if they choose to hold what they mine.  

This is definitely a race, so reminiscent of 1999 with another emerging technology at that time.  I know by these suggestions we're asking a lot from the Devs but I strongly feel we have a strong community willing and able to support our Team in whatever is necessary.  

So, Coin Reduction + PoS = Rise in Coin Value

Btw, Coin Reduction becomes very meaningful when RSK is implemented.

Yes to all of this.


Me too. Whilst the dev is doing an incridible job, we need to start thinking how we can attract more investors along with customers. Whilst this tech is great, that along can't be the reason why people should invest/use verge, when there are other coins that give out rewards and have a strong/increase presence of marketing.

I advise that we double down on marketing over the weeks/months, so that we can really form a team that can support the dev in taking this tech to the masses. Not just in social media with banners etc, but attending talks to show that the team not only are dedicated to this project, BUT also know what they are talking about... You will basically have to treat this as a buisness, because that is the only way this will succeed, as the Dash coin has.

sure, we will go anywhere, and we look forward to your donation to development to make that happen =]
What's BTC Address? Are you accepting ETH?