Quote from: icalical on September 16, 2022, 01:06:04 PM

Quote from: cryptoperkele on September 08, 2022, 11:07:47 AM

Aside from them having no use cases...

* Price of one token will automatically decrease when there's a flood of free tokens getting into markets and scarcity of the token decreases.

* Even if you look at it from the point where your bag wouldn't necessarily lose value as in whole, as it too is increasing with the circulating supply there's one thing you forget, and that's traders. Traders use altcoin or fiat money pairs to do technical analysis, and it obviously will look bad when the trader sets the targets. That would mean that charters would need to use marketcap graph to find a bullish TA and probably no one would even bother to do that as very few do it now.

* Rebasing as a solution is worst possible as it eats away the whole idea of having high interest from staking in the first place.

So why the hell do they keep coming back on the markets?

Not necessarily, Ethereum is the prime example of that, without any cap of it's maximum supply people still believe in it, and now it already reach more than 122M of total supply, and I believe that many people has made profit out of Ethereum, other example is ADA / Cardano the current circulating supply is 34B, and the max cap is 45B, it is now a top 10 coin in Coinmarketcap. There are many other factor beside coin supply, the maximum or circulating supply is indeed have and effect on token price but it's not that significant.

Ethereum now has a total max supply and it's under a million after the merge was completed, I believe this will make Ethereum to grow higher in price someday, no more worries about unlimited max supply like before, if you can check the amount of max supply on coinmarketcap you will see that it's fixed.