Post
Topic
Board Announcements (Altcoins)
Re: NEM Official Thread - Beta is almost here[Updates & Discussion]
by
rockethead
on 18/10/2014, 10:27:05 UTC
I don't quite understand how the price would be cut in half if the amount of coins that have not been released yet would be doubled. Each stake represents a certain proportion of the total amount of coins. With each stake everyone would still get the same % of the total amount, how should anything be any different? I would understand this if we had already launched, but we are still pre-nemesis.
the
Market cap is around a 3m. If you double the amount of coins in each stake that is no different to doubling the number of stakes.. If you double the number of coins the market cap will be artificially inflated to 6m. To correct this the price of each stake would have to be split in half.

Even if I'm wrong... How do you know a few whales don't make the same mistake and dump the shit out of the market.?

Messing with the total supply now is crazy.

Doubt there will be flash crash. On the contrary, it may rise up 5-8 times, effectively giving it a 10-16 times jolt. People won't care about the market value in a frenzy. We are not sophisticated enough. In a real world, normally doubling it will make it settle at 60-70% of the value instead of a straight 50%. Seen that happening many times.

As it is, it may give it a 8-12 times jolt. Of course things will come down and settle somewhere. But do not be surprised if a doubling of quantity will give rise to a higher absolute value.

Well, anyway, this is all academic until and unless we actually do it.