Re: [ANN][AID] AidBit | Digital-currency redefined | POW/POS | Groestl

Basically we could've written any number to attract the audience, but realistically we would've just introduced (pick a number)% inflation and lower the value of the coin.

in my opinion the rewards schedule, or lack of one, does more to lower the value than any amount of interest does.

You can extrapolate and hypothesize to get a general idea.

Let's say that ALL the current groestl hash decides to come to AID. That would be about 10 times the current average network hashrate, which would give us about 10 times the total average daily payout. That would still be less than 1 billion a year (the reward is halved after that first incredible year). Take a look at the price of coins with 21 billion, or even 100 billion 'eventual' (some with inflation thereafter) and you'd be getting a general comparative idea.

Take into account the yearly halvings, and the outrageous hashing numbers necessary to get to the 100 billion equivalent, and I think it's safe to say that it would be very unlikely that AID would ever get close to that. On the other hand, a 21 billion number is more feasable.

And remember, last I checked, USD money supply was around 11 TRILLION. That would be valued in $1 individual units. Wink

I wouldn't worry too much about the numbers - it's the base product that counts!

I couldn't say it better my self. Thank you!