every single coin in the top 100 and hundreds of more beyond that were created with INNOVATION in mind to solve a problem. some coins operate as a utility only token for facilitating micro payments across boarders, or as a transfer of value. other coins are more like a security or a way for a company to raise funds for an ACTUAL project which will have benefits to the community or humankind in general.
Im sure Dogecoin was created with innovation in mind.
ANY coin, this one included, which has a sole purpose of paying off early adopters at the expense of the later investors is absolutely UNETHICAL AND WRONG! and its giving our entire community a bad reputation. let me re-iterate.... this token DOES NOT HAVE A PURPOSE, does not have a use case, doesnt not offer any benefits to the ERC20 platform or the people who buy it other than to specualte on how high you can pump it before getting out. this cannot even be used as a payment mechanism like the most basic cryptos because of the exorbitant fees...
You contradicted yourself in the first two sentinces: Stating a (false)purpose and then stating that it does not have a purpose? I'm not sure if you understand the entire concept of the PoWH. The purpose of the PoWH is to generate passive income for those who hold the token. It wasn't created for the "basic purpose" of a payment system like you claim that every crypto should have. You again contradict yourself by implying that every coin should have an basic payment system. Is that the purpose of security tokens? Are all security tokens no longer valid cryptos? Under certain perspective and assumptions, PoWH can be seen as a security. The Ethereum network is created to provide a platform for computation. PoWH is generating network usage, hell we even clogged the network. How does this not benefit the ERC20 platform? Generating transactions for the miners to mine is not beneficial?
this just blew my mind.... if im not mistaken there is approximately 800,000 tokens in circulation
each token sold would increment the price down by .0000001
the current price is .0098600
so if i was a big stakeholder and i had 4000 tokens i wanted to sell, then the price should be about .009400 once i sold (0.0098600- [0.0000001 x 4000])
so in the same sense, what if a handful of the largest holders sold.... lets say 25 people, each with 4k tokens went to sell...
thats about 100,000 tokens to be sold, each token takes the price down by .0000001.
now its been a few years since i took calculus and big numbers hurt my brain, but i believe that sale of 100,000 tokens would increment down the price by 0.0100000.
so at todays price of .0098600 ETH.... if 100,000 tokens went up for sale (which is only like 1/8th of the total in circulation).... then the ending price would be 0.0098600 - 0.0100000
that would mean an ending price of (-0.00014 ETH) ....
WHAT AM I GUNNNNA DOOOOOO?
.....
now this one i would LOVE to see explained
each token sold would increment the price down by .0000001
the current price is .0098600
so if i was a big stakeholder and i had 4000 tokens i wanted to sell, then the price should be about .009400 once i sold (0.0098600- [0.0000001 x 4000])
so in the same sense, what if a handful of the largest holders sold.... lets say 25 people, each with 4k tokens went to sell...
thats about 100,000 tokens to be sold, each token takes the price down by .0000001.
now its been a few years since i took calculus and big numbers hurt my brain, but i believe that sale of 100,000 tokens would increment down the price by 0.0100000.
so at todays price of .0098600 ETH.... if 100,000 tokens went up for sale (which is only like 1/8th of the total in circulation).... then the ending price would be 0.0098600 - 0.0100000
that would mean an ending price of (-0.00014 ETH) ....
WHAT AM I GUNNNNA DOOOOOO?
.....now this one i would LOVE to see explained
I really can't believe you actually went through and posted this. It just blows my mind. This just shows how much your brain hurts from math and big and small numbers.
You forgot to add a 7th zero to the price incremental/decremental which multiplied your deductings 10 fold. The fact that you ended up with a negative number should've told you that something is wrong in your calculations. Calculations just interpret token price, not ETH that you will get.
https://gyazo.com/95c2b162933c9ff4325efa004277befc
This is math and programming for highschoolers.
EDIT: You even made the same mistake a second time.