plus if u reduced the coin cap to 3 million you would actually sell out and cause buzz for the coin instead if you only sell less than a million it actually looks like a failed launch with little buzz... none of my posts are fud at all , I'm actually interested if the dev would have a positive resonse this time that i made it clear with legitimate reasons why the cap needs to be lowered... I'm good for 5-10 btc
You are quite vocal about your position and I have to admit that it has some merits. We are open about asking Bittrex to destroy 4 million coins, however it is not quite clear why the market cannot decide on its own. The idea we had in mind is to offer the number of coins for the ICO that is well above the expected demand (we've never expected to sell all coins) and let the market decide how much coins will be sold, i.e. let the supply be big enough so that the number of coins outstanding will be driven by the demand only. What some of you are suggesting is to limit the supply so that the demand can exceed it, thereby there will be excess demand after the ICO which will provide price support. Is that the logic?
This is the idea yea, it is beneficial to everyone if the demand outweighs the supply, wich will cause the price to rise rather than fall.