Quote from: Nite69 on March 06, 2014, 08:48:02 PM

Quote from: damiano on March 06, 2014, 08:39:05 PM

Quote from: DaFockBro on March 06, 2014, 08:35:55 PM

Quote from: NickPortland on March 06, 2014, 07:51:26 PM

The trolling has gotten out of hand

It's not trolling when you're trying to protect noobs from getting burnt by repeatedly pointing out that their stake will soon be 100x diluted.

+1

Airdrop is going to crush the price.

Why? If everyone claims, after the airdrop the userbase is going to be about the same than with Bitcoin.

The current price has been determined with only around 100,000 coins in circulation, creating an artificially high price due to the relative shortness of supply. After the airdrop, that supply is going to increase from around 100,000 coins to around 10.5 million coins. The buying power will get spread across 10.6 million coins after the airdrop. It's the same thing that happens to the US Dollar, every time the Fed floods the economy with freshly-printed bills. It devalues the currency.

Unless the value of the coins was trivial (maybe like 10:1 local exchange rate), anyone would instantly want to sell it into local currency, or even Bitcoin if they're familiar with crypto-currency. There aren't 300,000 activists in Iceland, ready to overthrow their financial system. There's been no real plan for adoption there - they don't even have a mobile wallet. No point of sale system. No payment processors. No ATMs. No infrastructure at all...and therefore, no incentive for people to adopt it, other than activism.

Quote from: Jollyburner on March 06, 2014, 08:56:04 PM

u can bet that most of Iceland will eventually pick up their free money.

Yes, they will...except that they'll want the free money that they can actually spend and use, so they'll hit the exchanges with it.

Not to mention, the coin is pretty much broken and unusable right now, without gravity well.