Ninjastic
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Board Announcements (Altcoins)
Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs
by
firehead25
on 15/09/2017, 03:42:45 UTC
Quote from: faster30 on September 14, 2017, 08:39:19 PM
Quote from: ormin79 on September 14, 2017, 04:53:56 PM
Quote from: faster30 on September 14, 2017, 04:33:29 PM
Is 8,999,999,999 XEM the total max supply or they will create more xem in the future if they want to?

Supply should be unchangeable (according to NEM Foundation practic, and owners of XEMs), but i can imagine situation, when someone (Banksters ;P) will buy from market so much cheap XEMs as possible and do a vote for changing supply, win it, and then hardfork and voila - supply changed. But in comming few years i dont think it could be possible to buy and concentrate so many XEMs.

I missed your answer, thank you for the explanation! I like NEM project but with the point u just made, i'm a bit confused if it is still a good long term investment...

I asked Jeff McDonald once that if one day Nem gets so popular that there is not enough Xem to go around for all the ICOs on Nem what to do. He says he doesn't see that happening as Xem is divisible by 6(?) decimal, but if it is absolutely necessary, community can vote on whether to increase the supply or not.