I've been a long in XVG since its first days as DogecoinDark, mining it when it was just a glimmer in the eye of Dev and only minable on a few different scrypt sites. I came across DogecoinDark when it was an infant on Suchpool.
DogecoinDark rebranded to VERGE and took on a brave evolution last year going multi-algo after being the target of a legit 51% scrypt attack based out of China. Dev took swift action against the attacker by implementing multi-algo. DogeDarkDev rallied a team-effort by many devs actually to act so quickly. However, it did create a supply glut crashing price now that 5 different algos could mine it.
I held my long position through last years pump and crash and intend to continue to hold a substantial long position in this great coin for years to come.
Look at it as a POW ICO, you get to mine and buy at fair market value until supply eventually dries up... (nudges Dev to then implement POS
)
but at the current mining rate the need to POS won't become necessary until 5 years from now.
And about the supply amount, how is 12.8 Billion a lot when these people alone have way more than that in USD?
https://en.wikipedia.org/wiki/List_of_members_of_the_Forbes_400From such small beginnings we are at the point where people are demanding why this coin isn't a multi-million market cap?? Not bad
Dev has a real life and is a real person with a family and he does private projects as well as work on this coin. Give him space, he's done a damn good job thus far.
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