Quote from: Beave162 on August 05, 2014, 10:29:26 PM

Quote from: mhps on August 05, 2014, 12:42:39 PM

It's highly doubtful that cryptocoins in its current form will be still in fashion in 5-10 years.

All cryptocoins will be dead in 5-10 years? What would be the point of hard forking a coin again?

What I meant was that by then cryptocoin technology would have evolved so much that cryptocoins in their today's form, with all their disadvantages, would have little point to exist. Every coin alive will have moved on. Those without devs attention will be left behind with no POW feed. YAC would have undergone perhaps more than one hardforks if the devs are still active. The high inflation problem will pobably have been recognized and fixed. So talking about inflation reaching 5% in YAC's current life (in at least 33 years) is next to meaningless ... well maybe except in a cryptocoin mueseum.

Quote from: Beave162 on August 05, 2014, 10:29:26 PM

Quote from: mhps on August 05, 2014, 12:42:39 PM

YAC will suffer from great and nearly constant sell pressure throughout It's current life, and should not be treated as a credible currency.

I remember a time when a lot of friends would just buy stock in Google. It was a seemingly no-risk investment that was guaranteed to go up. One would say there was constant buy pressure. There seemed to be an obvious trend. And well, it turned out you can't just look at a trend and predict the future that easily. I was buying up tons of LiteCoin until I got frustrated and sold 13,000 at $1.60. One week later, the price had skyrocketed to $48. There was constant sell pressure I swear... until the Chinese came in. It still definitely makes me sick to think how much I could have made, but that is speculation for you.

I agree that there will be expected and unexpected up and downs. It's conceivable that hash rate will go up and consequently inflation and sell pressure will go down for YAC. I am just pointing out that at low network hash rate the 100+% inflation (max=200%) , and sell pressure, are written in the code and unavoidable, unless behavior of market prices.