Duh, long. I'll get back when I read it.
- Highly inflationary: No. Assuming the release today fixes the price at or above US$20. Not long to wait now. And No, see second part of price support.
Do the math with the hastakers and prime controllers. There is at least 500k of inflation daily. This isn't going to be realized initially because of the unprecedented way in which the stake is locked up by the central issuer and cannot be liquidated. This will eventually place heavy downward pressure upon price. To be fair Bitcoin is also heavily inflationary at around 1.1 million daily but the difference is Bitcoin has the advantage of the network effect and much larger userbase and shortly this inflation will drop from around 10% to 0.5% unlike with paycoin. The 20 base support may eventually be realized or not but will not be sustained because of this long term inflation regardless if you believe in the lie that there is 100 million in investor capital willing to support the coin at 20USD.
Ok, I'll take a look at the math. But surely, you can't seriously mean that in your calculations there are 1.1 million bitcoins generated daily? or 500k xpy?
- Staking at a higher rate is questionable, yes. Could be part ponzi, but more likely covered by their other income. Could be that they do have hashing power that generates income.
Remember, if they actually make profit (which I'm sure they do), and share part of this profit with the people who help securing the supply of their coin.... it's actually a dividend payout -> not a ponzi.
There will be plenty of people profiting both GAW and original investors. There will be many people who eventually lose everything as well just like with most ponzi's
No, what I meant is if the company makes profit and pays out, constantly, and sustainably, it's not a ponzi. By definition. Period.
Do companies fail occasionally? yes.
Are they a ponzi because they failed? No.
Are they a scam? No. (unless of course it's an intentional bankruptcy)