Quote from: rpietila on May 27, 2014, 05:48:05 AM

Quote from: rpietila on May 26, 2014, 04:24:41 PM

Monero, my man, why are you tanking? Angry

Thank you for explanations. My own (unchanged from the time of the provocative question) is that:

MRO's inflation is designed to be very high in the opening months (the only alternative being premine, instamine or IPO - none of which showing much success in the way of distributing the initial monetary base in a fair and functioning way). At present we are generating about 23,000 MRO per day with the BTC value of BTC104. Bitcoin is generating BTC3600 per day.

Since MRO's new supply is 2.9% of that of Bitcoin, it surely needs to be real interesting for the price to rise significantly.

Again, I don't think this is a bad thing. It is just the nature of the fair coin generation function (and the very reason I lost my alt virginity). When Bitcoin was launched in 2009, the price went basically nowhere in the following 1.5 years. But once the inflation had slowed and exchange opened, it started the 6400x moonshot in 1 year.

When MRO is 1.5 years old, about 40% of the supply will have been mined and the inflation has been slowed to 14k MRO/day. At that point it is difficult to imagine that the price would be this low Wink

On the other hand, the network security will still be there unlike with the rapidly mined coins.

All scamcoins, pump&dumpcoins, IPO-"coins", 100%premine-coins: you have yet to see your 1.5th birthday. Wink

Also there are some interesting discussions going on at the moment about the eventual supply after the initial 18 million coins are mined.

https://bitcointalk.org/index.php?topic=583449.msg6962215#msg6962215

I have a post further down that shows different scenarios starting after initial coin emission is over (I know, far in the future, but this stuff needs to be put in stone now, like Bitcoins supply was decided by Satoshi)

https://bitcointalk.org/index.php?topic=583449.msg6964052#msg6964052

I have high hopes for this coin.