To anyone who has working eyes and brains, it should be clear now that today, the only important factor for success of a cryptocoin (or a non-cryptocoin like XRP) is, that it looks cheap. Just go on coinmarketcap; circulation upside down. Result: higher supply coins get all the profit. Cardano, XLM, XRP, Iota, et cetera.
The reason for this is: in the early days crypto was mainly used by smart people, and smart people understand that something that is rare, should cost more than something that is abundant.
But stupid people (or inexperienced kids) only look at price. It is only too human. Now crypto is getting mainstream, average IQ has dropped like an upside-down chart of XRP or XLM.
The reason for this is: in the early days crypto was mainly used by smart people, and smart people understand that something that is rare, should cost more than something that is abundant.
But stupid people (or inexperienced kids) only look at price. It is only too human. Now crypto is getting mainstream, average IQ has dropped like an upside-down chart of XRP or XLM.
Agreeing with you here as there's no point of seeing Bitcoin at 100k or 1M while the likes of XRP and IOTA can simply stay at a small figure value and still dominate the market cap. Might even see XRP overtaking BTC in market cap over the next few years as limited supply means everything relying on the price.
Only solution is splitting. Stocks do it all the time.
I propose a hardfork, 1 BTC (old) = 1000 BTC (new)
I propose a hardfork, 1 BTC (old) = 1000 BTC (new)
Stocks are completely different from digital currencies. You're referring Bitcoin as an investment here while it is just a currency for most of the part. Hard forking like that would cause a drastic dip in the price even after dividing it by 1000 as it would set off panic and isn't something the core would think about.