Post
Topic
Board Announcements (Altcoins)
Re: [ANN][SMC] SmartCoin Official Thread - Hard Fork Halving Successful + Digishield
by
Invisible Hands
on 10/06/2014, 17:47:31 UTC



Guys, there is no need to raise the hard cap nor the subsidy in the event of increased demand.

Look at Bitcoin, their demand is thousands of times greater than any alt-coin and do you see them raising the coin supply?

Inflation destroys wealth and a low coin float and a low subsidy attracts investors for the snort term and also the longer term and it increases a Coin's value because investors in general literally look for these attributes in an investment.  At 30-40 million, any coin has more than enough coins to satisfy any demand.

Anyone can buy the coin now for cheap and if the value goes up then mining it becomes more profitable so distribution will take that route which is better than excessive dilution.

So I think dropping the max cap and [if needed] the subsidy, will add instant value and also long term value due to lower inflation and much lower dilution.

Regards...

I may be willing to look into setting the coin limit at 42 million (1/2 Litecoin and 2x Bitcoin).

One thing that I'm concerned about is that both Litecoin and Bitcoin block rewards halve every 4 years, so there is a long term symbiosis with the mining infrastructure, which I think is also very important for a crypto currency. It seems like some alt coins generate a large number of coins in a short period of time and don't leave much for later down the road, which could have negative effects on community interest, service integration, and network growth. This is something to seriously think about.

It is good to see some healthy discussion about the future of SmartCoin.  Things are looking up!