that's great news!! Question, let's say I buy 10.000 ART at the ICO. Do I end up with 10.000 coins, or will I get a genesis adress that mines 10.000 coins over the period of 60 years?
You will get a Genesis address that mines 10.000 coins over the period of 60 years.
I can't believe anyone in their right mind would choose an investment that takes 60 years, in a market that's barely 10 years old. if there's no way to buy ART in bulk up front, like any other coin, what's the purpose of investing? Ask yourself, would you rather get 20K ART now, each valued at 1$, or 1ART a day over the next 20.000 days, with no guarantees that ART will even be worth 0.01$ within 1 year?
i think than each one has its reasons to invest in art..i think on the contrary than this economic model is better..because it avoids the massive dump..you have an exemple in mne was stable has 1$ and can take value because coins are burned after token service.
Think about all these ico whose price has fallen below the price ico..it's less likely to happen with art.
each one want a best price to sell..for any reasons..with art you could put in sale the genesis address what wasn't possible with mne for technical reason.
i think also..like all invest this involves a share of risk..but i think less of other economic model..i know art is different of mne because it isn't a airdrop..i'm genesis holder and i want sell mne for good price but i do not want to harm investors..i prefer sell my mne for 8-10$ than sell it on an pump at 30$..because i hope mne will keep her value..coin will be burned..and investor will do a profit with art when it will valued 1/1000 of eth..i think its a good deal for all.
We're talking about 60 years here. In a period of 40 years, our technology evolved from a game with 2 dots douncing a 3rd dot between them, to hyperrealistic virtual reality open world games. Where do you think this market (barely 10 years old) will end up in 6 years, let alone 60? I understand everyone has other reasons to invest, but if ART will only be available through genesis addresses, this project will tank. I'm sure ART will be purchasable in bulk eventually, as otherwise there would be no incentive to buy a genesis address, I just hope it will possible during the ICO.