Post
Topic
Board Announcements (Altcoins)
Re: [ANN] SuperNET - ICO conducted by BTER + ...
by
jl777
on 06/09/2014, 04:04:12 UTC
Hi James, I'm very interested.
But one thing I don't know: the supernet is a NXT asset, but if supernet's market value is over the whole nxt market value, can it still be trading in the Nxt AE?  what is the math in there?
you are confusing the money supply with the value of something.
The only thing such a thing will do is make it impossible to buy 100% of SuperNET with a single tx
it would need to be broken up into a serious of tx

Let us imagine a NXT gold asset that represented all the physical gold in the world. I dont know how much there is, but lets just assume that magically we can get it all owned and mapped to this asset.

Will the value of gold all of sudden be worth less than 1 billion NXT?
Of course not!
So, I hope you can see there is little relationship between the total value of NXT assets and the value of NXT.

James

P.S. There is an effect, but this is based on the velocity of money and the the time the NXT is locked in AE tx, I called it the "The Anomaly" in the NXT forum. I am no economist, but basically if there isnt enough freely floating NXT to handle the daily trading volume, then there will be a necessary increase in the NXT price to match this required amount. I think once we get to around 3 billion to 10 billion NXT total marketcap, we could start seeing this, but it really depends on the trading volumes, ave time for limit orders, etc.