Post
Topic
Board Announcements (Altcoins)
Re: [ANN][NYC] NEW YORK COIN at 2017 MACY'S THANKSGIVING DAY PARADE IN NYC!
by
Intensedrive
on 23/08/2018, 05:29:57 UTC
All bickering aside, the coin has no market cap.  NYC is a inflationary coin. I'm a big fan but realistically no investor will ever invest, but maybe buy a few million or a hundred million for gamble.  NYC community is made believe that the 130+ billion coins in circulation does not effect value, well that's just silly.  When a coin is adding a billion per month, any investor knows this is a train wreck waiting to happen.  You would need mass adoption on a huge scale, I applaud the developers for reducing the mining reward, but we have darn near a billion coins waiting to be sold on yobit. Many might call me a hater, I will leave you this article.


https://www.cnn.com/2018/08/20/americas/venezuela-currency/index.html


It also seems dash use is growing in Venezuela to try and combat inflation.  You can not have a coin with no max supply ever maintain a steady price.  It has been proven over and over in the real world.