Ninjastic
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Board Announcements (Altcoins)
Re: NEM Official Thread - Beta is almost here[Updates & Discussion]
by
nembit86
on 19/10/2014, 19:01:12 UTC
Quote from: kodtycoon on October 19, 2014, 06:32:59 PM
Quote from: jkoil on October 19, 2014, 06:20:54 PM
Quote from: amytheplanarshift on October 19, 2014, 04:16:48 PM
I am leaning towards agreeing with everyone that this discussion should probably just be left alone. It seems like there are quite a few who do think we should change the total amount of coins, but I think that decision will ultimately undermine investor confidence, at least in the short-term. Long term, it really could go either way, but I think that the effects would be so minimal that risking short-term investor confidence is too much of a risk for a very minimal long-term gain (if any).

After thinking about it carefully for a significant amount of time since this discussion came about, I have come to the conclusion that the risk to reward ratio for this decision is simply not good enough for me to be able to support any changes.

Have you heard about the changes in companies' shares in stock markets? They usually come suddenly and then you have been given a letter, a notification that each share is splitted into 8 (for example).
In such case the value of the owner's shares is the same, but the amount of shares has increased, not doubled but 8 times.

I think that the investors do understand this kind of changes. No one has eaten his words  Wink

crypto markets are rarely, if ever logical and most of the counterintuitive. Even though the change would have no effect on the value of stakes, can you really trust such an illogical and irrational market to make the logical and rational choice to ignore such a change?

There just doesn't seem to be enough gained from such a change to warrant making it. Like Amy said the risk:return ratio just isn't good enough for us to go ahead with this..


Why risk having a number that Asians consider unlucky or deadly? They are quite superstitious ,at least in my experience . If something negative were to happen however small they might be more likely to stay away. Isnt it a good thing that we are taking Asian beliefs , superstition and psychology into account ? Its respectful.

Now as long as we have plenty coins to cover a fantastic future does it really matter how many there are?
I will say again that Nemstakes are not a true representation of value as at the moment they fall under certain parameters and that price is not something to worry about.

If anything the change to coin amount would bring increased news coverage and interest.