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Board Announcements (Altcoins)
Re: Topic: MotaCoin[Official][MOTA][X13] Developments & Discussions
by
Jahvinci
on 08/08/2022, 15:19:32 UTC
And how is that working out for ya?



Nice steady price... into the gutter.

Why do devs have the notion that dropping block reward (halving, in most cases) means price increase? Or is there another reason to drag out total supply mining time for 50 years?


Well unfortunately we got exploited at our ATH (as did many other hybrid pow/pos coins in that time period)... that caused a price crash, and the 10k dumped daily sure did accelerate that crash.....

And are you joking or do you honestly not understand basic economics? Supply & Demand, go spend 2 minutes learning about it. If there are 1 million mota minted per day, the price will find a new equilibrium based on the delta of supply - price will be lowered - obviously. If there is only 0.00001 mota minted per day, the price will increase to reflect higher demand through the lower supply. You should know this.

Who is dragging out the total supply mining time? There will always be staking to subsidize the mining, otherwise people won't be using their wallets to process transactions. There is no max supply. There is about 180,000 mota minted per year under the new rewards, which would have previously taken only 18 days to generate.

With the dramatic reduction in supply of new mota minted, you would be wise to stock up at these prices. Time will tell the tale.