High inflation rate coin has no future, look dogecoin, it is dumped hard after its first hype in 2013-2014.
doge is different though, doge has infinite supply, this has just bad parameters, that need to be addressed if you want the value to increase quickly
Only 56 million exist right now.
Yes, 56 million is available for trading presently, but the close to 500 million tokens is in the hands of the developers, I think this is what put most people away from the project initially. The figure is too huge and 10% of that price can move the price significantly
those money in the hands of the dev were used i think to help lbry grow, or i'm wrong?
You are not wrong but people are worried that dev team would use it for personal benefit instead of growth of the coin. If the dev team just uses the coins the grow the coins value and they have nothing afterwards to show for it, people think they won’t do it.
People suspect that dev team would at least change some coins to fiat currency to cover their expenses of even make a profit, even if not all of the coins. 500 million is a lot of coins to grow this coin, maybe they would use 100-200 to grow it and rest to pay themselves? Who knows maybe they are decent enough to spend all, there is no way of knowing which creates a doubt in peoples minds.
