Quote from: RouletteRun on March 26, 2014, 08:17:13 PM

Quote from: yourstruly on March 26, 2014, 07:50:44 PM

Quote from: RouletteRun on March 26, 2014, 07:39:13 PM

Quote from: David Latapie on March 26, 2014, 06:48:31 PM

Quote from: Zackgeno96 on March 26, 2014, 06:41:39 PM

Edit: imo alot of people don't like the idea of billions and billions of coins

I believe this is more a matter of distribution. More coins means more potential for widespread adoption. I mean, if there are 100 000 people on the altcoin scene, that's the maximum. Compare with 7 billions (soon 9) inhabitant on this planet.

I agree with this fully, would I rather have a high value, low total number coin in the hands of a few, or a lower valued, high total number coin in the hands of the masses? I use the analogy of the American Gold Eagle coin versus the American dollar as my point. Which is used as the everyday currency? That's because it's in the hands of everybody and if the masses were to have a coin in their hands, this be the incentive for retailers, service providers and even workers to be paid in a digital currency. I was a BC miner and am still a BC holder and mining on the BlackCoin Pool beta, but my home coin is Nutcoin, and right now we are still very much in a distribution phase of the coin, it's been out for just under 3 months now and thankfully we've been flying low which is allowing for easy mining and a wider distribution of the coin before the whales take notice and try to grind it into the dirt. The wider the distribution of the coin, the harder it will be to manipulate the price and for the big holders to manufacture pump and dumps like we've been seeing with BC these past few days so the big boys can buy the coins the panic sellers are dumping at the bottom of the dumps at bargain prices. Hold your coins.

You are ignoring the other points made in this thread about this.

I fully understand dividing coins into 8 decimal places, but what I believe I'm seeing take place right now is the concentration of BlackCoin into too few hands. Maybe I'm wrong and we'll all get rich from BlackCoin, but I don't know that working from the scarcity principal is the only way to go. How when people are gobbling up BlackCoins as fast as we can do we at the same time distribute them to the masses for commercial use?

You are putting the cart before the horse. This is apart of the process, as the value raises people with large amounts will dump some to get returns on their investments and will distribute the coins. The increased price will also bring in more multipool miners.