Post
Topic
Board Announcements (Altcoins)
Re: [ANN][MINT]Mintcoin, Energy Saving Coin With a Fast Distribution *18 exchanges
by
IconicExpert
on 12/03/2014, 15:49:15 UTC
1. A considerable amount of coins have already been mined and a significant amount will be minted. Anything over 20-30 million coins is way too much and will dilute the value of any coin. When a coin has a total supply of 18+ billion the coin is pretty much doomed. Over time Doge and other coins will also suffer because too many coins are in "circulation".

I disagree and I think you are dumb. A coin that has 18 billion + will just have holders holding millions of coins. A coin with millions of coins will have holders holding thousands of coins. There is zero difference and to pretend that having more total coins make a currnecy more or less valuable is borderline retarded.

I am not going to engage you in juvenile name calling and I do not expect you to understand the fundamentals of economics when you resort to name calling. Instead of calling me names why not make your argument in a intelligent manner? You haven't provided one shred of evidence that backs up your claims. There is a reason why countries often destroy and control the flow of money. Having too much money in circulation whether it is fiat or crypto is not a good thing. Too many units in circulation devalues the currency and causes inflation. Even the Bitcoin community is aware of this and are trying to come up with a solution for inflation. If you ever read a book on economics you would understand my point. 5 minutes on Cryptocoinmarket and you would understand the point I was making.

Low value coins
Total supply MINT: 18,630,356,442  =  $2,523,442 USD
Total supply  DOGE: 59,317,894,813  = $58,446,514 USD

High value coins
Total supply BTC: 12,505,525 = $8,005,036,663 USD
Total Supply MSC: 563,162 = $43,284,631 USD

There will always be exceptions to the rule in the short term, but fundamentally no crypto currency can sustain itself with that many coins in circulation.

FYI I do not make claims without information to back it up.

1: http://www.economicshelp.org/blog/634/economics/the-problem-with-printing-money/
2: http://en.wikipedia.org/wiki/Inflation

You can call me names if that makes you feel good, but it doesn't change basic math and basic economics. Mint will never reach 1000+ sat.