Post
Topic
Board Announcements (Altcoins)
Re: [ANN][TAC] TalkCoin | First NIST5, First Anonymous Chat
by
Ignition75
on 30/08/2014, 02:04:17 UTC
Why would anyone would invest in a coin where there is 20% inflation every month? And as we have seen so far inflation caused collapse of the prices and that dumper Dev as well.Now you come and say you will keep same inflation, myself as an investor i stopped buying TAC only bcos of this and as you can see people here complaining i'm not alone.This is that simple.

you use the word 'inflation' as if its bad - it's just increasing the supply.  If you don't do that, there won't be any coins.  We had this 'inflation' since the start (even more) and that got us to > $500k market cap before the issue of 'infinite supply' took hold and dumped the price same as HVC.  Now we are removing the infinite supply and setting 'inflation' to nearly half what is was 3 months ago so what's your point?

i think anyone with half a brain can see that last 3 months despite of features and developments, price fell 80-90%(from average of 4-5k to 500-600 satoshi). 3 Months ago we had smthing like 3M coins, now the demand is almost dead(no serious buyers in exchanges) we have 9M coins and you want to keep the speed of production of supply as its before, this doesn't make sense.This way, you will lose current investors as well they will dump their coins instead of buying more.



They never listen. Stop producing coins, this WONT CREATE DEMAND. Cut the supply and START ADDING FEATURES to keep MINING PROFITABLE with LOW INFLATION.
That's how CRYPTO WORKS. LIMITED AMOUNT+ADDING FEATURES. More to be mined = more to be dumped. High block reward won't attract anyone. Low block reward ain't evil, high block reward won't cause miracles to happen.

Are you mining the coin right now ? Are you planning to mine it ? How much hashing power will you put on it to support the network (now, tomorrow in a week, in a month later on ?)
How much TAC will you still have in 2 weeks after the take over (assuming the coin peak ?).
That's the question you should answer.
Yes. Yes. Same as always. Same amount. I will more likely keep mining it if supply will be cut and profitability will be higher, like it was someday(due to adding features causing price growth).

TAC is only a few months old, the average IT project takes 3-5 years, we are still in the distribution phase.