Quote from: orange32 on October 31, 2017, 06:59:54 PM

Quote from: TheMissile on October 16, 2017, 04:45:54 AM

has anyone read an article for why the supple of Cardano is so high? Does it help accomplish the coin's mission? It is instantly a top20 coin based on the ADA supply.
Circulating Supply: 31,112,484,646 ADA
Total Supply: 31,112,484,646 ADA
Max Supply: 45,000,000,000 ADA

"Ada is capped at an arbitrary 45,000,000,000 or forty-five billion Ada."
Source: https://cardanodocs.com/cardano/monetary-policy/

...because it doesn't matter (*). If the supply is "high" the price will be lower, and you can buy more. And vice versa. If you wish you can think of bitcoins in terms of Satoshis. Then the supply is 2 100 000 000 000 000, but then the price is also 1/100 000 000th of a bitcoin. It all works out fine.

* There may be some technical reasons in some given systems where it matters. I'm not familiar with such, but I am open to the possibility.
* There may be psychological phenomena in play here among some traders. And misunderstandings of how it works. This is relevant to a certain degree I suppose, but it is highly irrational and it will probably fade away eventually.

It is not in the top20 "based on the supply".

Could there be an advantage for the market cap? I am not sure how CoinMarketCap determines the market cap, but I think with such a huge supply a small change in price on little volume could move the coin's ranking on Coinmarketcap faster than a coin with a small supply.

If 1000 ADA are trading for 10 times the average price and it causes the market cap to increase a tenfold too, then Cordano would virtually exceed Litecoin.