You're missing the part where the number of initial coins needs to be 1 billion so that their 0.25% premine seems small when actually it is more coins than will be mined during the first 2.5 years of mining.
I also find it alarming that we are trusting the developers with
$1,897,500 dollars worth of BTC if people believe their projections.
Opening exchange rates are expected at .00115 BTC/AIR, based off of current regression to the mean trends of .00002000 bitcoin-equivalent-per-kilohash-per-day, assuming a moderate difficulty (2 to 20) before entering an exchange. A higher launch difficulty will result in a higher exchange rate to return to the competitive mean.
This means nothing by the way. Whats their incentive to keep going? Why not just sell all the coins and retire to the bahamas?
People, we really need to ask ourselves; is a coin with a cap of 1,000,000,000 going to be released and be worth 0.00115 off the spot?
That would put the market cap at 1,150,000 BTC.... thats $759,000,000
ON DAY ONE!Reeeaaaallly?
A coin with:
- No new features
- No accountability (identification, recourse)
- No valid use except as a speculative asset
Come on people, lets be realistic here. A few satoshi's sure, but .00115 BTC/AIR?
You know I didn't even consider this until you brought it up. That would put it right at the #2 spot on coinmarketcap. This premine is enormous. The worst are the people who PMd me when I was trying to buy some AIRcoin at first , quoting prices of 0.002 BTC/ AIR ... Unbelievable.