Quote from: IconicExpert on March 12, 2014, 04:49:37 PM

Quote from: brokedummy on March 12, 2014, 04:36:59 PM

Quote from: IconicExpert on March 12, 2014, 03:49:15 PM

Quote from: brokedummy on March 12, 2014, 03:03:25 PM

Quote from: IconicExpert on March 12, 2014, 02:21:54 PM

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.

I stand by my original estimation of your intellect. You compare Mint and Doge with BTC and mastercoin? WTF are you smoking man? Why don't we compare Mint and RPC and we'll just ignore this so called IconicExpert. Relative max coin supply means diddlysquat. Just something that should be known on a coin to coin basis and not evaluated comparatively and used to make ridiculous assertions.

Having my intellect being judge by someone who calls them self "brokedummy" is quite funny. I have been a software engineer for over 10 years and I am actually releasing a free desktop app that will allow user to further secure wallets from theft. So I might be a lot of things, but a dummy is not one. What I posted were samples and basics, and I am not going to post pages of text to support my thoughts. At the end of the day everyone has their own opinions and I am entitled to mine as everyone here is. If you think that Mint will reach 1000+ Sat then you are allowed to feel that. But I stand by what I wrote, Mint will never reach 1000+ sat. With less than $100.000 USD someone can easily manipulate Mint.

100+ is very possible and I am not talking about pumps here.