The thing I don't get about the coin and maybe someone can explain it to me is the incredible hyper-inflation this coin has built into it.
It's going to go from 12 million coins to 1.2 billions coins over 15 years. Am I understanding that correctly? Through staking.
That just seems like dooming the coin to 1 satoshi right there. There's no way it can hold its value. It's gonna make doge look like gold by comparison.
It mints coins less than Doge so it should not make Doge look like Gold. It could hold its value if it taps into the market that they are wanting too. BTC is tiny compared to what it could be if mainstream accepts it. So if it was able to match BTC market cap it would be around $7+ per coin. That would be 15 years from now so do you think crypto will stay the same size for the next 15 years? I doubt it. Of course no one knows where it will go and if any crypto will really gain with true mainstream. So they have a chance to be huge but they have to deliver on a lot of promises.