Quote from: boumalo on June 13, 2021, 11:38:36 PM

Quote from: Bittoshi on June 08, 2021, 07:15:55 PM

Quote from: boumalo on June 08, 2021, 05:20:42 AM

Hello, can someone make a case of why the project could get traction and the price do x50 ?

This is how I see the whole project (and yes, I already invested some serious money because I truly believe in that great community project Bitgesell and hope it has a bright future):
Bitgesell is some kind of "digital gold", meaning it is designed to securely store value in the blockchain like Bitcoin.
But unlike Bitcoin, Bitgesell has its halvings of mining rewards yearly, not only all 4 years. This means that the inflation (mining block rewards) will decrease much faster over time than it is the case for Bitcoin.
Additionally there is the burn rate of 90% of all transaction fees, which will decrease the supply available over time. You can see here how many coins are already burned:
https://bgl.bitaps.com/
...and with every block new coins will be burned.

Together with the fact that the maximum amount of all Bitgesell (BGL) coins is only 21.000.000 (minus the burned coins of course), it should decrease the supply tremendously over the years.

But there is a lot of work to do to increase the demand of Bitgesell and get traction, e.g.:
- list the coin on more (and larger) exchanges with more volume
- make it more popular => everyone can help here. Spread the word. The more people know about Bitgesell, the more potential new users can be found.
- A whitepaper and timeline should be created by the team together with the community to make it clear to everyone what the goals for the future are.

Bitgesell has not only the potential of x50 but much more. Of course it will probably never reach a market capitalization like Bitcoin or Bitcoin Cash but once it gets a little bit more popular it can easily make a x1000 from the current low market cap (only $248,835 at the time I write this). Even $248,835,000 market cap is not much for a great coin like Bitgesell. Today it would be something like rank 140 on Coinmarketcap after a x1000 (and with growing crypto markets in the future $248,835,000 means even a much lower rank). Nothing impossible. Let's do it: Coin price of $0,025 today => $25 in a few years :-)

Thanks for answering, the price is indeed low, it does not mean it will go up ;-)

My computer did not accept to execute the Official wallet and node software.

Is there a faucet or give away I can participate in ?

You mean the Windows 10 smart screen that comes up when you try to start the install.exe of the official wallet program? I had the same. There is a small button on the left side, where you can install the program at you own risk. The issue here is that Windows does not know the program. The same does not happen if you install the official Bitcoin wallet or Electrum wallet. I am not a programmer but it seems that Windows does not know the signature of the .exe and therefore warns the user. I installed it despite the smart screen warning and the wallet runs properly.
But for the future there should be a way of installing the app in Windows 10 without any warning screens. It will scare a lot of users away.

Bittoshi

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