Quote from: Allseeing on February 27, 2018, 06:50:36 AM

Quote from: metallicelmo on February 25, 2018, 09:06:04 PM

The problem that I see with coinswaps is that the price never seems to correct the right way. I've seen this happen in other coins. If you do a coinswap 5 million to 1, that would technically mean that the new coinsupply is a lot lower and the price of that new coin should be 5 million times higher and that might not happen

if one Stronghands would be $0,000001 for example, the new coins should be worth $5 I don't see this happen really. So a coinburn/swap could seriously affect marketcap

What do you think about that?

The real problem is the same one I posted about two months ago, when the total supply was 11 trillion and the price was .000005. The supply is ridiculous and still growing at astronomical rates. Literally added another 8 trillion coins in less than two months. The reason there's no value in Stronghands is the same reason there's no value in grains of sand - because they're everywhere. When I said that, people posted "I think this coin have good future and value!" and they'll probably say that again. But they're dead wrong.

If a burn actually happens, here's the thing with the price of Stronghands. If you have three coins worth $1 each and you destroy two of them, does that automatically make the third coin now worth $3 or more? If the value of the coins had to do with something besides scarcity, no. So here's the question you need to figure out: what is the actual utility value of Stronghands? If it is a coin that only exists to be mined and traded among sellers and it isn't used for any real-world purpose like buying or selling goods or saving rainforests or whatever, then the value won't be directly proportionate to the number of coins in existence. In simpler terms, using my example with grains of sand, even if all the sand on Earth were suddenly reduced by 2/3, it still wouldn't hold very much value. Because it's sand, and not that special.

http://www.bbc.com/capital/story/20160502-even-desert-city-dubai-imports-its-sand-this-is-why