Post
Topic
Board Announcements (Altcoins)
Re: [ANN][PES] Pesa - Anonymous Coin - No Premine - Dynamic Interest - PoStr
by
JakeThePanda
on 24/07/2014, 17:10:44 UTC
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.

Tell me how 20% inflation and an extra 4-5 million coins is grasping at straws.

I get that you are trying hard to FUD.  I get it.  The extra 4-5 million coins doesn't undermine the value of the project in terms of technology, usefulness, potential adoption, or innovation.  The only thing it does is change your future price target. Does it need to be addressed?  Absolutely, but the answer doesn't change the long-term viability or scope of the project.  It's only a big deal if losing the 20% changes your outlook on holding the coin. If it does, then sell now.

Like I said, the market cap at the current price and the extra 4.5mm coins would be around 147K.  If you expect the market cap to be at 1mm then the impact is de minimis and not a big deal.

This isn't about fear, uncertainty, or doubt - those are ideas that dwell. Inflation is instantaneous. No one really notices their coins are worth less - it's gradual. People don't consider market caps when the government adds a billion dollars of paper to the money supply.

This isn't inflation, it's just a miscalculation. Again, if the extra 4.5mm changes your buy/sell/hold outlook on the coin then you should sell. But, the success of the project doesn't hinge on the answer, so it's not a big deal like you are suggesting.

What is a big deal, and I agree with you on, is why the team hasn't addressed this question.  It seems like a simple answer and a quick explanation would probably put this issue to bed.  If it was a miscalculation in the OP, then let's get this out of the way now.