Quote from: vitaminas on April 07, 2018, 12:58:45 PM

Quote from: ultrametric on April 07, 2018, 12:24:48 PM

Quote from: vitaminas on April 07, 2018, 12:11:43 PM

Quote from: boxalex on April 07, 2018, 11:50:42 AM

Quote from: vitaminas on April 07, 2018, 09:02:50 AM

The supply that is left is going to take around 7 to 10 years to be mined still,

How long will it take if the attack continues and won't get fixed? Theoretically, i doubt this can/should happen.

Quote from: vitaminas on April 07, 2018, 09:02:50 AM

Plus if you understand how supply/demand works the more coins are in the market supplied by miners the more buyers you need to have in order to keep the price up

This is only one of the factors for price. There are other not less important factors as well ....

Quote from: vitaminas on April 07, 2018, 09:02:50 AM

now when you have new buyers but no more coins getting in the price will inflate and not "down like Titanic" because now people are fighting for a limited number of available coins.

Actually not necessary. This eventually would apply for a perfect product/project/item/usecase/patent/you name it. Even more at such high max. supply. I mean there is a difference if you have a currency
with 20.000.000 max supply or 50.000.000.000 for example. The lower the max supply the more true your argument of course would be common sense. But as again, price is not only a simple formular by
max. supply or mining hash rate. There is more involved in a price calculation than thinking that every one holding one of the 16,555,000,000 XVG thinks he will get a unce gold in return for a XVG unit.

Quote from: vitaminas on April 07, 2018, 09:02:50 AM

Following your logic Ripple would be down the sink already as they have 3 times more coins in circulation than we do.

You miss here that Ripple/XRP has a lot of real partnerships ongoing. I'am not a ripple fan and i think Ripple with such max. supply is overvalued, maybe right now not, but everything over USD 1 for this coin is crazy. But Ripple, if all these partnerships with these banks are real and lasting than they actually have at least a good product that stays behind a given value for its currency, giving it as well some stability, thrust and whatever not the factors for price are. You make a big mistake by thinking real price is the result of 2 factors only, but its not.

And last but not least, XVG is XVG and Ripple is Ripple, i can not see much common things btw. both to compare them anyway.

i think you are missing the all point here, do you know how a price coin is calculated? The market cap is calculated by multiplying the circulating supply of a cryptocurrency by the coin price. It makes absolutely no sense at all saying that once we reach the market cap limit the price will sink. How can a price sink when you are not injecting more coins into the market therefor making the competition for them higher this is comon sense and basic rule of supply/demand. Every single coin in the market will reach this point except the ones that have infinite supply where i don't see how they can survive in the future when they are litereally flooding the market with billions of coins making the price less competitive, they require a constant flow in of money to buy that supply to keep the price up.

Once the hardcap is reached, it's over for Verge. Miners earn only by transactions then. There will nobody by mining that bloody thing at that time.

Oh really so what you are saying is that every coin will die eventualy?

No, that's not the case and that's not what I am saying.

ultrametric

Posts

Merits