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Showing 2 of 2 results by cryptonomicon1224
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Board Announcements (Altcoins)
Re: [NLG] The even greater Gulden thread!
by
cryptonomicon1224
on 05/06/2023, 04:57:25 UTC
Rijk is putting 100% of his effort into Florin, forget about MUNT and Ordinals. Florin does have a chance of making some profit at this price.
Again, if the Blockchain works, much of the work has already been done. Florin is based on MUNT/NLG.
It's almost an identical codebase, just with way, way fewer units. 

If Florin actually gets serious attention for its scarcity, gets a big exchange listing and grows its holder base to where folks find out more about where it came from...then there isn't any fundamental reason why MUNT can't be picked off the basement floor and re-appreciated since MUNT *also* is comparatively cheap per the total supply of 700M.

There are hundreds of copypasta ether coins with billions of units that have no mainnet, no independent Blockchain, are totally centralized, has censorable transactions---but are trading for dozens or even hundreds of satoshis only because of exchange exposure and socmed hype.

MUNT has 1/25th the total units of Digibyte but is simultaneously 1/20th the price simply because it has no exchanges, brokers, mercantile uses and buzz/visibility.

That visibility can come back *exponentially* if it's younger sister coin, Florin's future success can shed some light on the underlying quality of the work that has already been done but has gone unappreciated due to no marketing. If Florin could be a mechanism for future marketing, then MUNT could be revived.
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Topic
Board Announcements (Altcoins)
Re: [NLG] The even greater Gulden thread!
by
cryptonomicon1224
on 10/05/2023, 23:04:15 UTC
Anyone invested in Ordinals might want to sell them off. Bitcoin devs planning to remove it.

They will link it to a hash in the future? Not good for Rijks new bulls ordinals project. He only has florin left. No coming back for Gulden - Munt.

So, just to play contrarian commenter here....but isn't it possible that there's an ulterior reason that the price is so low with Munt right now?

Couldn't it be the case that it's getting buried right now because the distribution is trying to be reset the old fashioned way via a price flush/base out/long term pattern reset? How many times have we heard that some project in Blockchain is "dead" only for it to be revived in some way several years later?

Some stocks/businesses/corporations/projects that are still alive today experienced 99% losses from their ATH within the first decade of operation...Centure/Gulden/Florin are all less than 10 years old.... And it usually happens that all the old legacy holders, members of the initial board, ground floor person personalities etc., sell off for whatever (understandable) reasons...but the Blockchain/service still runs...doesn't that mean a fresh restart could still be possible if new listings caught on, a more focused and refined use case that was locked in with regulatory approval started to gain traction, like the ability for merchants to accept and exchange the limited issuance NFTs, and new money with new expectations started coming back into a very different crypto space than when this project started....

If all that were to come to pass within it's second decade of operation...leading to prices that were previously unfathomable... and it took everyone who sold out long before by surprise...wouldn't that mean that patience is still the #1 virtue in investing, even when it comes to Blockchain projects?