Post
Topic
Board Announcements (Altcoins)
Re: Network Attack on XVG / VERGE
by
ultrametric
on 07/04/2018, 10:33:03 UTC
A question for VERGE TEAM:

What are you going to do with circulating supply which is according to market cap at 14,8 out of max 16,5, and probably numbers aren't even updated right now?

Correct me if I'm wrong but when this happens, no more rewards for the miners and coin that reaches maximum supply is going down like Titanic?


The supply that is left is going to take around 7 to 10 years to be mined still, and like any other coin that will reach to their cap the rewards for the miners will be the fees from the transactions. Plus if you understand how supply/demand works the more coins are in the market supplied by miners the more buyers you need to have in order to keep the price up now when you have new buyers but no more coins getting in the price will inflate and not  "down like Titanic" because now people are fighting for a limited number of available coins. Following your logic Ripple would be down the sink already as they have 3 times more coins in circulation than we do.
The attack is now going on for 4 days. If this ain't an inside job I don't know what is. You don't let something like this to go on for days without any serious intervention, unless you want to intentionally tank it or you are directly or indirectly profiting from the attack.

Looks like XVG team dont care about loses. Looks intentional.

Vitaminas - if they allow to mine it this manner it takes 10days till 17th April. Vitaminas A ar C? Smiley

do you even know that we have a fork at block 2042000 that will stop it? guess you don't you are more busy hating i get you.

The fork coming at block 2042000 is not going to stop it! It's not a fix!