Re: MRO Monero trading thread and OTC xchg (bid 130 ask 175 last 175)
I simply do not get why people argue with final coin supply on a proof of work currency - it makes absolutely no sense. do you really think you can estimate any market condition in ~50 years? 
Frankly I don't think anyone factors it in either..with perhaps exception to btc, and don't think it matters. I think nobody who buys into this will take into account the valuation based on total supply, because they will not be holding it in 1 year, let alone 10 or more, it's irrelevant.
Why such a convoluted order process?
Lowest ask seems to put final market cap ~4,500 btc or about 2 million USD
Much too optimistic at this early stage
Lowest ask seems to put final market cap ~4,500 btc or about 2 million USD
Much too optimistic at this early stage
this was around a week ago. and now the final market cap is 45,000 btc or ~ $19million based on orders here right now
That makes sense, what doesn't to me is that I'm sure many will be investing expecting big returns, let's say 5x as a minimum (i mean you could of seen those returns by buying and just waiting few days last week, even if the market is so shallow right now) so why can't that happen over 1 month, a year...etc.
now for that 5x return, the final valuation based on total supply will be instead $100 million .. secondary to only ltc. blowing all POS coins out the water. more than double ltc's closest competitor. these are established coins operating for years. This coin doesn't even have GUI. IF the market priced in total supply with this coin as a long-term prospect (which they don't) perhaps the rise would be more gradual.