I agree with your first comments about scarcity.

What about pre-mined coins? I know this will diminish the incentive for miners/buyers, but I think we are finally moving out of this mining system for coins that have more app based utility, wouldn't you say?

Utility - users can use the token to pay for services. The value of each token will be based on the market price, unless we set the token to have a fixed rate.

Assuming we expect a total amount of users at 200 million, would it be smart to create 250 million and reserve the 50 million?

Hey forum,

I've recently joined a team of developers and we are expanding our business to include cryptocurrency. We are at the early stages of planning and we are currently discussing what the total token supply should be.

I've written an article about valuing an ICO or your investment on Steemit here (https://steemit.com/cryptocurrency/@stevenamar/how-to-value-an-ico-and-your-investment-read-how) last month. The basic idea is that the less supply there is in circulation, the more valuable the token. The more supply of a token, the less valuable the token. This is all theory and based on short term logic. Feel free to read.

We are launching an application which will allow you to pay for services using our tokens or fiat currency.

Before getting to the polls, ask yourselves:

What criteria do you think we need to consider when determining the amount of total supply created? Does it even matter how much we create? For ex. what difference is it if you have 2 coins valued at .50 cents or 1 coin valued at $1?

Please feel free to ask questions, all ideas are welcome!

Hey Pooya,

Not sure I quite get what you mean by "spending it". After the fork, which as you say we should wait at least a day for to be safe, we should spend our btc, then transfer our private key to computer 2 where we have our bitcoin cash wallet and then import our key?

By spend do you mean transfer our btc to another new wallet with a new seed?

Here's what I understand:

1. Create new BTC wallet with new seed (before or after the split or it doesnt matter?)
2. Transfer BTC to this wallet (before or after the split?)
3. Export private key of this new wallet.
4. Install BCC wallet on another computer
5. Copy private key to this computer and disconnect it from the internet
6. Import private key to BCC wallet

Oh, bummer.

Well then, I heard of some devs who developed an electrum hard forked wallet that supports Bitcoin Cash. But it doesn't say anything about supporting BTC... thoughts on a wallet that supports both BTC and BCC?

Hey guys,

I hold several altcoins on several exchanges. In the midst of the bitcoin hardfork, I understand that any holder of Bitcoin on an exchange which supports Bitcoin Cash or a wallet that supports it will receive an equal amount of Bitcoin Cash.

If I decided to sell my altcoins AFTER the split on an exchange which supports Bitcoin Cash, will I still receive an equivalent amount of Bitcoin Cash?

Please feel free to explain how and why as I'm sure there are thousands like me looking for an answer to this question.

Much appreciated! Thanks!

Good read, thanks.

I hold several altcoins on several exchanges. Say I sell my altcoins AFTER the split and then transfer the BTC received to a Bitcoin cash supported wallet... Will I then receive my equal share of Bitcoin cash?