Re: [ANN] AIRcoin - Professional Investment, No Fees, Rising Exchange Rate

Quote from: andyatcrux on March 09, 2014, 01:59:13 AM

Quote from: mudshark79 on March 08, 2014, 12:12:25 PM

Quote

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?

Interesting Point... the market-cap that results out of this parameters will produce a decent buzz ... also if I don't believe, that this will keep people from accepting the given price, if the developers manage to keep it stable at this rate. At least there is no single entity that could dump other than the devs themselves.

Look at AUR, it didn't keep people from buying even though everybody knew (or maybe not everybody Tongue

) what is going to happen and that the marketcap is artificially distorted. Do I trust 200.000 Icelanders more than a dev team :-)?

The "no new features" point could be debated - also if it's right that "stable rising market price" isn't a feature of the coin itself but a feature of the endeavour as a whole.

Regards

Correct me if I am wrong, but isn't referring to the "marketcap" of this coin as "1 billion coins" incorrect? Marketcap should be the total dollar value of the current supply not the total potential supply. If all 1 billion coins were out right now the marketcap isn't 1,000,000,000 coins it would be the cost of all of them. But that is a moot point because there is nowhere near this amount in existence and or will there be when they go to the exchanges. I think there is about 2.6 million right now, with only about 100,000 mined and the rest premine. Marketcap would be around 2 million dollars.