Post
Topic
Board Announcements (Altcoins)
Re: [ANN][PES] Pesa - Anonymous Coin - No Premine - Dynamic Interest - PoStr
by
JakeThePanda
on 24/07/2014, 15:51:10 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?

I understand that it means you only care about immediate profit. 20% inflation effects long term investment. You should point your questions towards the OP or dev rather than grasp at straws in my direction.

It does impact long-term investment.  If you expected the market price to be 10k, than you will adjust your target to about 8200. Like I said, the risk/reward on this coin is still very favorable even with the total coin adjustment.  You have the option of selling if you think it's overvalued.  I'm not grasping at any straws, you are.  If you read my post above you will see that I said the dev needs to explain.