The problem is quite obvious. You've created a coin which won't be profitable until the yearly influx of 10,000,000,000 coins is worth less than the influx of new money being invested into it.
That's pretty simple math.
Someone mentioned that in a certain amount of time, the amount of new coins being introduced won't matter.
This is true. If the coin supply is 250 billion, whats an additional 10 billion per year (still a lot of depreciation though!).
The problem is it will take 24 years to get to that point.
Who the fuck is going to invest in this to wait 5, 10, 15 years to see a decent return on their money?
In the cryptocurrency community 3 months is equal to 3 years. So i'd hate to have to wait 1 year (let alone 5) to see something happen. It's too bad because this had a really good name and could have been built into something good and lasting. We are here to get away from inflation. If we want to stick to a consantly depreciating currency we can use fiat money thanks.
People are here to get rich quick.
This coin presents anything but that scenario.
This is a get rich slooow scheme.
"We take your money and give you nothing in return!"
...
MAGIC!
Aww thanks for your bolded text. It makes you look like your opinion matters!
MIM is designed to be
LIKE A FIAT CURRENCY but also has the traits of a cryptocurrency. Like a distributed public ledger, and a predictable rate of inflation. No one is forcing you to use this version of FIAT.
Answering your "People are here to get rich quick."
1 mim == 1 SAT
if 1 mim == 2 SAT
you have DOUBLED your investment.
l2math n00b
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If you arnt buying at 3 sat today you are missing the boat.
