Quote from: vesperwillow on May 21, 2014, 12:59:17 PM

Quote from: dwolfx on May 21, 2014, 12:50:54 PM

Should lower the rate of inflation of potcoin down to 1 ~ 5 million coins a year until demand catches up with supply.
If you let supply out-pace demand for too long, you will start to crush any prospects for future demand.
coin needs to come up for air, too many asics and multi-pools.
Still good coin in the long term, very few coins have this much work/dedication put into them, shame to let it sink because people are afraid to tweak some numbers.

I didn't even realize there was a demand for the supply, with the vanishing buy orders on all exchanges and everything. Wouldn't demand mean you have merchants on the ground?

Plus, my question to potcoin relates to creating demand.

It is going to be a long a difficult road to create demand.
In the long-run it might come to exist.

The primary reason people would buy potcoin right now is, the assumption that in the future, when people can go to their local deli and buy weed (post legalization) that potcoin/bitcoin will become a popular method of anonymous payment.

Even big-time medical payment companies stock prices are in the pennies atm (companies that handle payments for dispensaries and such with normal debit/credit systems).
Potcoins price is low for a few reasons
1) Demand is low for medical marijuana , the majority of people pretty much source all their weed illegally and pay cash.
2) The "legal" market is very small and needs time to grow, think of it like bacteria in a petri dish, the seeds have been planted, but the bacteria needs time to grow (years maybe decades even).
3) There is very little incentive to use pot-coin OVER bitcoin.
4) The rate of inflation is soo high , that there is no logical reason to hoard the coins, just yet, unless you believe that when the marijuana industry is HUGE and built into the culture of society, that people will use potcoin and gift potcoin to eachother as a way of promoting and supporting marijuana.
5) People have this instant gratification complex, they want to throw 100$ at a crypto-currency and watch it grow to 1000 in a week, such expectations are unreasonable, and when the coin drops a few % points instead of skyrocketing people line up to dump out of fear.

Best thing you can do is try and shield people from inflation till demand catches up with supply, maybe cap the coins to 420,000 coins a year or something.

That being said, there is no reason to go and buy / mine any other alt-coin, since the majority of them are based on pictures of fluffy animals, best investments you can make if you are hell-bent on investing in crypto is to pick the niche coins that might actually have use one day namely bitcoin litecoin dogecoin potcoin ultracoin etc are my personal favorites (although I have somewhat lost all interest in Litecoin).

dwolfx

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