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Title: Thinking of buying a VERY high PoS coin like 10K? Post by: anonEmouse on February 08, 2015, 01:16:28 AM This post just got deleted from the 10K experiment thread... they didn't like it apparantly ;D
Week 1 Bubba puts in 1 btc at 88K sats for some coins because there are only 100K of them (limited supply to begin with). http://newsimg.bbc.co.uk/media/images/45091000/jpg/_45091904_-1.jpg First Month: Bubba is rubbing his hands together he's now minted well over a million coins from his original stash... strangely though they are now worth less than 1 btc even though he has more. http://www.goldonomic.com/new%20zimkid.jpg 1 Year Later : Amazingly Bubba has minted 300 billion coins the original purchase, he must be rich... Bubba runs to he exchange to check latest prices only to find out his beloved coin became so worthless it got delisted. http://moneytipcentral.com/wp-content/uploads/2009/03/zimbabwe-inflation.jpg Nvm http://i.telegraph.co.uk/multimedia/archive/00652/news-graphics-2007-_652175a.jpg Title: Re: Thinking of buying a VERY high PoS coin like 10K? Post by: jasemoney on February 15, 2015, 02:21:58 AM I dont fully understand how these can hold value. common sense to me says they cant, best case scenario you come back a year later and your coins have a buying power the same as when you started. in this case that the dude with the 20,000 Zaimbabwean dollar bill is worth $50 bucks USD lets imagine this is transferrable as an example for 10K coin. If the blockchain maintained the same marketcap, those 20,000 example worth 50 US dollars would turn into 200 million coins. instead of being worth .0025 cents, theyd be worth .00000025 cents. at some point you wouldnt even be able to transfer against LTC.
then again maybe im wrong. printing money has worked well for countries in the past... (or something) lulz Title: Re: Thinking of buying a VERY high PoS coin like 10K? Post by: Undermood on February 15, 2015, 02:47:19 AM You are buying shit pos altcoin! Why not try the promising, potential ones, such peer coin, NXT , mint coin etc.
Title: Re: Thinking of buying a VERY high PoS coin like 10K? Post by: KaliLinux on February 15, 2015, 02:54:56 AM I really love that 10k coin such a great idea the dev is really clever why cant all devs be as clever as him :D ;D ;D :D ;) :D :P spots! oh dear.
Title: Re: Thinking of buying a VERY high PoS coin like 10K? Post by: Crestington on February 16, 2015, 12:22:16 AM I dont fully understand how these can hold value. common sense to me says they cant, best case scenario you come back a year later and your coins have a buying power the same as when you started. in this case that the dude with the 20,000 Zaimbabwean dollar bill is worth $50 bucks USD lets imagine this is transferrable as an example for 10K coin. If the blockchain maintained the same marketcap, those 20,000 example worth 50 US dollars would turn into 200 million coins. instead of being worth .0025 cents, theyd be worth .00000025 cents. at some point you wouldnt even be able to transfer against LTC. then again maybe im wrong. printing money has worked well for countries in the past... (or something) lulz ahaha, I already made FistZimbabweCoin at 100,000% per year but never got around to launching it. http://s17.postimg.org/rmoz7bccf/splash.png Super high inflation would probably work with a cap on the reward per Block. Title: Re: Thinking of buying a VERY high PoS coin like 10K? Post by: Crestington on February 16, 2015, 12:38:11 AM I dont fully understand how these can hold value. common sense to me says they cant, best case scenario you come back a year later and your coins have a buying power the same as when you started. in this case that the dude with the 20,000 Zaimbabwean dollar bill is worth $50 bucks USD lets imagine this is transferrable as an example for 10K coin. If the blockchain maintained the same marketcap, those 20,000 example worth 50 US dollars would turn into 200 million coins. instead of being worth .0025 cents, theyd be worth .00000025 cents. at some point you wouldnt even be able to transfer against LTC. then again maybe im wrong. printing money has worked well for countries in the past... (or something) lulz ahaha, I already made FistZimbabweCoin at 100,000% per year but never got around to launching it. http://s17.postimg.org/rmoz7bccf/splash.png Super high inflation would probably work with a cap on the reward per Block. HAHAHA! Super high inflation does NOT work a cap on the reward per block. Also, FYI, that is a TERRIBLE font selection on that coin ;D Yes it does Just add a subsidylimit at whatever you want the maximum per Block you want it to be and eventually as it grows all POS Blocks will pay that amount like Byzantine mining. |
