Quote from: Vercingetorix on July 07, 2017, 01:49:15 AM

Quote from: Damage_Dealer on July 06, 2017, 12:01:21 PM

Quote from: juanp11 on July 06, 2017, 05:45:24 AM

Quote from: dagget23 on July 04, 2017, 06:34:46 AM

Instead of cutting the supply there might be maybe a way to cut it artificially temporaryly.
Maybe there could be a way to make ones coins unspendable for a specific time (maybe a year). And somewhere should be listed how many coins are unspendable and how long. This would build more trust into the coin and fear of whales smashing the price could be reduced.
But I have no idea why someone would make his coins unspendable, other than preventing himself from selling too early in a panic. Maybe there might be some way to stabilise the system with those coins or something.

I know this might be a stupid and pointless suggestion but its not as stupid as suggesting to cut the supply. That would smash trust in a second.

Whales already have their coins and have been holding (or hodling) for a while... and locking away their coins would kill trust. Verge is moving, I think, is because "whales" have spent the better part of a year accumulating at 1 sat... and locking away those coins would result in an immediate dump. Now, if you are talking about the current daily supply, what the miners miners do... (maybe mining and dumping is what you are thinking) here is the math...

13,409,472,280/16,555,000,000=0.809995305345817

0.809995305345817x100= 80.9995305345817 percent of the coins have been mined.

4,492800 Verge are mined a day which translates to 6.67753632 @ 149 sats...

Verge is doing 700-900 BTC volume daily so new coins are not crashing the markets....

If Verge is doing 700 BTC a day... there are 1440 minutes in a day... 700/1440= 0.4861111111111111 BTC is spent every minute, on average.
As a result, in ( I am rounding here, of course) 6.68/.48= 13.92, which means in 14 minutes of trading a day's supply is bought, assuming every miner is dumping.

So, your suggestion to lock up the supply seems a little ill-conceived. After all, if miners can't mine and dump for some money, why mine Verge at all? If whales can't trade and make money, why bother with Verge, at all? How do you pick the coins that are good for trading...?

Frankly, at this point I think that the only ones worried about the supply are the new people, dreaming of 1 dollar Verge, while ignoring the fact that a .01, .05 (2 years out), or even a .10 (maybe 3 years out) cent privacy focused coin with multi-algo and potentially rootstock smart contracts is a realistic and reasonable approach to valuation for Verge, I think.

You make a very good point here in regards to its future price prediction, but there may a bunch of other factors contributing to a way higher and faster price increase. I heard Verge are in talks with Poloniex to be listed there. Imagine how that would impact the price of a coin.

Please do not start rumors about Poloniex listing. This is a doubtful statement.

If xvg isn't added to poloniex it will make their staff look like idiots, I highly doubt polo wouldn't add XVG, unless they hate money and want volume to go to bittrex. I say keep pushing the rumors, they are based in common sense.

NAV2MOON

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