Post
Topic
Board Announcements (Altcoins)
Re: Stellar
by
TaunSew
on 05/08/2014, 00:16:47 UTC
This will have an inflated capitalization due to 94.9% of Stellar being locked up.  

The goal of having millions of signs up = scam lockup.  Bitcoin only has 2 million users and yet you think you can get millions to use Stellar?  The general public simply isn't that interested in crypto currencies unless it's for speculation purposes (like riding the Bitcoin train between 2009 to 2014) and dangling $10 worth of stellar isn't going to convince most people to bother with it.  


Like I said this is a 94.9% lockup.  Like Aurora before the air drop.  Or Ripple at the moment.    That means they can have a capitalization in the billions easily (even though the volume might only be $500 to $100,000 like Marinecoin or Ripple).



 That gives them 0.05% stellar to dump while the public has 0.00001% to 0.001% to play with.  This is easy millions for the developer, imho, they control all the volume and can slowly dump on the exchanges to reap a profit.

The people who run Ripple are easily making $10K+ a day.  Looks like people are envious on not getting in on that money train, so they're trying to pass off a more 'fair' fork of Ripple which isn't fair.  

As 94.9% of coins will be locked up, they pretty much own 98%+ of the tradeable coins.