Post
Topic
Board Announcements (Altcoins)
Re: [ANN][PES] Pesa - Anonymous Coin - No Premine - Dynamic Interest - PoStr
by
JakeThePanda
on 24/07/2014, 15:35:58 UTC
Block 3001 !

Reward now 2500 !

Buy support rising... There'll be no more 600 sato LOL

This is actually a very big issue and means there will be more than 20 million coins.

24.5mm coins versus 20mm isn't as big of an issue as you are making it out to be, we just need an explanation from the dev.

20% inflation means your 1btc is now worth .8 Give me 20% of your income if you don't think it's a big deal.

Nothing has changed yet.  The amount of coins currently outstanding and the current market cap are totally unaffected by this.

We will have more than 20 million coins at the end of these blocks and there will still be 2000 blocks to go. You can't be serious.

What part of currently outstanding do you not understand?  There will be 20,833,333 coins at the end of these blocks and 24.5mm coins at the end of PoW.  I already stated that.  You can sell your coins if you think it's a big deal.  At current prices the market cap at the end of the PoW phase will be around 147K, based on 24.5mm coins.  If you think that is a high valuation then sell your coins.