Post
Topic
Board Announcements (Altcoins)
Re: [PRE-ANN][XCN] Cryptonite | 1st mini-blockchain implementation | M7 PoW
by
devanh
on 21/07/2014, 19:58:30 UTC
The massive coin supply is a problem for one reason; It's difficult to trade. At the lowest possible price (1 satoshi) the coin's cap would be 1840btc. Any increase from there would give all owners a 100% gain - not stable growth at all - as there is no way to trade in smaller intervals unless you use litoshi markets. That's a bad idea because it requires people to buy LTC just to trade this coin, which many smaller alt exchanges do not have the liquidity for. The result is no one trades the coin. I'd suggest cutting the cap down to 10 Billion at the most.

Love the coin's concept. Please don't let a huge supply kill it before it even has a chance.