I think the main problem with myriad coin is there is just too damn many of them, the market is saturated with I think over 60 million coins now and it's only a month old? Hardly bears well for creating a scarce crypto currency to sit alongside Bitcoin. It may be fun for miners but what is the practical use for consumers, why should they want to exchange it for goods or services?
The actual quantity is irrelevant when it'd digital and divisible.
It's relevant when there is no illusion of scarcity. Also why should consumers care if the coin is good for miners, people forget crypto is designed to be used as a currency, not a plaything or science project for miners, do you imagine the average person who knows nothing of SHS-256, Scrypt or CPU vs GPU mining wanting to use Myriad? I respect technical innovation but it still has to serve an end use at the end of the day.
you have no point here mate, sorry.
First of all, why should there be the need of "a scarce crypto currency to sit alongside Bitcoin"?? Do u want a scarce crypto currency?
You have bitcoin already. Period.
(You dont like bitcoin for whatever reason? Then you have UNO, FRK, 42 etc etc, see? scarcity is not a point for value)
As for a currency, i think it's better to see a price of lets say 1.99 MYR for a pizza than 0.00978327 BTC
The amount of coins is not a point, the value is just according to it, you just pay less satoshis to buy it
Miners dont mine for fun. It's an investment, so the more miners a coin is able to attract the less coin you mine, and the more expensive it gets. That gives a floor to the value of the coin, and security to the coin structure
The point of MYR is that its mining design brings back the equality concept that satoshi intended when he designed bitcoin, but could not predict the impact of asics.
PLUS (and this is a HUGE plus that is going unnoticed) it preserves the huge amount of money invested in mining hardware.