Quote from: flo_k on February 12, 2014, 07:20:15 PM

Quote from: jibble on February 12, 2014, 06:42:26 PM

Quote from: flo_k on February 12, 2014, 06:06:22 PM

Possible I'm wrong. Could you explain how it works?

if all the coins were mined then it would be correct. But it's basically how many coins have been mined to date.

Bitcoin for example right this second has 12 million+ bitcoins in circulation. but a total of 21 million will be mined in the future. You work out the total by the amount of coins currently in existence. not how many there are going to be. unless they have all already been mined.

icoin i think will have 17.5 million in the first year in circulation, so any estimation of price should be using that number as a basis of value....Althou that number could be slightly wrong. i read it from a fellow Icoiner and didn't check the accuracy.

But it will take 900 years to have the total number of coins in circulation

I understand now that there will be only 17.5 million first year. But even an 1.75 million market cap (=0.1$/ICN) seems hard to reach. There are so many new coins sharing the same (not very large) market and most of them have only 5-6 digit numbers ( http://coinmarketcap.com/ ). For example, what has iCoin more than Vertcoin (which was the most succesful coin in recent times) to gain a larger market cap?

flo_k, iCoin has already had various trades execute at higher than .10 USD upon the launching of our most recent exchanges. Currently, the value is almost .04 USD and that's without proper messaging, marketing, user interface, website, etc... iCoin is not listed on any major exchange yet, nor any popular comparison sites like CoinMarketCap or CoinWarz. We are very much in the infancy stages, only being 40 days old. You also have to take into consideration our strategy is longevity, not pump n dump, and the fact that Bitcoin has taken a recent nosedive subtly brings down the value per iCoin as well. It's also unfair to compare iCoin to "traditional" alternative currencies as our marketing strategy will rely heavily on introducing new users outside of the core cryptocurrency community, whom many of which will likely not even know what "digital currency, scrypt, Litecoin, or mining is

There are many factors that weigh in iCoin's favor, and the iCoin team looks forward to enacting all these plans into fruition. Look forward to having you on board. Looking forward to a continued engaging discussion and to the future as a whole - Ridg