Post
Topic
Board Altcoin Discussion
Re: rpietila Altcoin Observer
by
smooth
on 05/09/2014, 22:01:00 UTC
The entire DRK instamine cost less than 50 BTC for two weeks after the launch.

I'm talking about amount of coins, which is what matters to the distribution of a coin. If you convert them to BTC then you have a BTC potential distribution issue and also a potential coin distribution issue with whoever you sold them told (or not, it depends).

Don't conflate the two.

Initial distribution would only be a problem in a world where markets do not exist. When the markets take over, distribution is sorted out according to demand.

No it is still a problem when markets aren't liquid or people don't pay attention. You are assuming markets are infinitely liquid and everyone (or most) participate.

We are talking about DRK here so I'm not assuming anything. I know DRK's price / volume and ascent from when it was 0.000025 (jan-early feb), to 0.00008, to 0.00018, to 0.0005, to 0.002, to 0.001 (after the 300 btc ccex hack that was turned to DRK then dumped to poloniex etc), to 0.0011-0.0016 for months, to 0.028 with the pump.

You know all those things. What you don't know is the effect of the instamine because the counterfactual is unknowable.