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Author Topic: [ANN][MUSICOIN]  Coinomi multi-asset mobile wallet supports $MUSIC 💃💃🎸 🎸 👛  (Read 250486 times)
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March 29, 2017, 03:01:34 AM
 #621

Hi fellow miners, feel free to use the new Musicoin mining pool - http://neonpool.ddns.net and help to distribute the hashing power.

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March 29, 2017, 03:21:46 AM
 #622

Add MUSIKOIN to the stock exchange https://yobit.io/?bonus=cdIPg
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March 29, 2017, 03:47:48 AM
 #623

I think the price be a good time to musikcoin, maybe it's good that have this coin in yobit directly sell before the price goes down, I believe that the price will not last long if it enters yobit.

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March 29, 2017, 05:53:46 AM
 #624

why would you even want to be added to Yobit!
there is already bittrex and the coin is showing a very promising future, there is already 417BTC volume on bittrex and it has only been 8 hours since it was added to bittrex and price is rising super fast!

you should instead think about being added to bigger exchanges like poloniex in the next step.

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March 29, 2017, 07:43:19 AM
 #625

In the short time $MUSIC was listed on Bittrex 45,500,000 $MUSIC has traded with a 410 $BTC volume. That is 58%.  A big consolation is happening, Whales are loading up.  Be ready for $MUSIC to increase in price soon. The train is about to leave the station.  

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March 29, 2017, 08:02:19 AM
 #626

my calculation come out to be about 1.8 million coins per day, based on 15 seconds/block and each block is 314 coins.

is this correct?

Yes, we're on track to be around 1.8 million coins up from yesterday. So in 6 months there will be around 182 days*1.8M = 327.6M more coins in existence than today, or over 400% increase in supply.

Scarcity is really important. Unfortunately without any controls in the protocol to regulate the supply I can't see this going anywhere as investments will be rapidly devalued as the supply grows.
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March 29, 2017, 08:42:01 AM
 #627

my calculation come out to be about 1.8 million coins per day, based on 15 seconds/block and each block is 314 coins.

is this correct?

Yes, we're on track to be around 1.8 million coins up from yesterday. So in 6 months there will be around 182 days*1.8M = 327.6M more coins in existence than today, or over 400% increase in supply.

Scarcity is really important. Unfortunately without any controls in the protocol to regulate the supply I can't see this going anywhere as investments will be rapidly devalued as the supply grows.

but why so much supply? with so much supply in circulation the price will fall to much i think, i cant believe that 1 coin is more wort than 1 cent in the future
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March 29, 2017, 09:06:47 AM
 #628

Do not spread confusing information about coin supply as it has almost no impact on price. You can issue a few coins and they can be worth no penny and good project can have billions in circulation and they can be worth 0.01 and more. 

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March 29, 2017, 09:10:01 AM
 #629

Do not spread confusing information about coin supply as it has almost no impact on price. You can issue a few coins and they can be worth no penny and good project can have billions in circulation and they can be worth 0.01 and more. 

You heard it here first folks, coin supply has almost no impact on price, so no reason to be concerned about >400% inflation over the next 6 months alone. Thanks for clearing that up!  Cheesy
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March 29, 2017, 09:11:35 AM
 #630

my calculation come out to be about 1.8 million coins per day, based on 15 seconds/block and each block is 314 coins.

is this correct?

Yes, we're on track to be around 1.8 million coins up from yesterday. So in 6 months there will be around 182 days*1.8M = 327.6M more coins in existence than today, or over 400% increase in supply.

Scarcity is really important. Unfortunately without any controls in the protocol to regulate the supply I can't see this going anywhere as investments will be rapidly devalued as the supply grows.

but why so much supply? with so much supply in circulation the price will fall to much i think, i cant believe that 1 coin is more wort than 1 cent in the future

Yes, you're absolutely correct, this level of inflation will of course devalue the currency massively.
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March 29, 2017, 10:39:43 AM
 #631

$MUSICoin is real application blockchain with Ethereum base. this is very good project for future of streaming music industry.
I like music and i selling streaming music, so i have great hope with musicoin.
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March 29, 2017, 11:28:26 AM
 #632

Ok, now we know the supply is going higher (like 4 times higher) but the coin is not launched/used yet and has yet to take its proper value. It's still largely undervalued right now. Even if there will be a big supply and a lot of pressure, there will be people buying, holding and being fine with that because when Musicoin will have its real use, the value will grow according to it.

Even for a value of 0.01 cents per musicoin/play, it would allow you to play 999 songs for the fee of one month of Spotify, I don't think I listen to so many songs myself every month (that's already 50 hours of music for 3 minutes songs). And it will be on demand, not a fixed fee.

That's a great project, maybe the large supply coming won't help at first but in the end, we'll have a winner(and for me the most serious contender in all the music related coins attempts).
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March 29, 2017, 01:28:04 PM
 #633

To all people saying that the will be huge inflation with this infinite block size.
Well lets wait for 10 years and see how it will work in future.
But right now, if it so important for you to calculate the coin price based on total max supply well
right now its 78 000 000 MUSIC ever existing. And there is 90 000 000 ETH ever existing right now.

Price for MUSIC is 0.00000825 BTC. Price for ETH is 0.049 BTC.
So using your logic the price for MUSIC right now should be at least 0.055 BTC.

And i dont know what are you waiting for and not running buying cheap MUSIC before it will be too late.

The point of my message is Total Coin Supply worth shit in terms on avaluating real coin price. It is what it is.

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March 29, 2017, 02:23:02 PM
 #634

To all people saying that the will be huge inflation with this infinite block size.
Well lets wait for 10 years and see how it will work in future.
But right now, if it so important for you to calculate the coin price based on total max supply well
right now its 78 000 000 MUSIC ever existing. And there is 90 000 000 ETH ever existing right now.

Price for MUSIC is 0.00000825 BTC. Price for ETH is 0.049 BTC.
So using your logic the price for MUSIC right now should be at least 0.055 BTC.

And i dont know what are you waiting for and not running buying cheap MUSIC before it will be too late.

The point of my message is Total Coin Supply worth shit in terms on avaluating real coin price. It is what it is.


You're comparing an established platform with backing from leading multinational corporations and a market cap of approx 4.7B to a fledgling crypto that may or may not gain traction and establish a user base, and you're saying that MUSICOIN is cheap on the basis of that comparison. Why didn't you compare it to bitcoin or Google shares instead? It's all like for like comparisons right?

I'm not saying that MUSICOIN can't be successful in 10 years time, anything's possible in crypto. What I'm saying is that it's important that investors understand that the supply of this coin will grow massively and rapidly, no one disputes that so far. An increase in supply has a inflationary effect, i.e. it devalues the currency. Many cryptos have a deflationary halving built into the protocol and this has the effect of rewarding early investors by limiting the future supply of the coin. Unlike Musicoin, Ethereum will never exceed around 110M Ether. Musicoin does not have any mechanism to protect early investors from the inflationary effect of the protocol, on the contrary early investors will be disadvantaged because the coin will be devalued over time as new coins are perpetually created at a rate of around 1.8M per day.

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March 29, 2017, 02:44:07 PM
 #635

To all people saying that the will be huge inflation with this infinite block size.
Well lets wait for 10 years and see how it will work in future.
But right now, if it so important for you to calculate the coin price based on total max supply well
right now its 78 000 000 MUSIC ever existing. And there is 90 000 000 ETH ever existing right now.

Price for MUSIC is 0.00000825 BTC. Price for ETH is 0.049 BTC.
So using your logic the price for MUSIC right now should be at least 0.055 BTC.

And i dont know what are you waiting for and not running buying cheap MUSIC before it will be too late.

The point of my message is Total Coin Supply worth shit in terms on avaluating real coin price. It is what it is.


i know your point BUT eth has a block reward = 5 eth per block and this coin has a block reward = 314 mc's
i dont know why so much block rewards - but we will see in the next months
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March 29, 2017, 03:05:19 PM
 #636

Why won't the Windows wallet Sync?
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March 29, 2017, 03:08:18 PM
 #637

Why won't the Windows wallet Sync?
Me too. Any hosts that i can add and how?
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March 29, 2017, 03:10:25 PM
 #638

Nice musicoin bittrex pump, all miners are very happy now!
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March 29, 2017, 04:11:49 PM
 #639

Why won't the Windows wallet Sync?
Me too. Any hosts that i can add and how?

figured it out yet?
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March 29, 2017, 04:16:27 PM
 #640

To all people saying that the will be huge inflation with this infinite block size.
Well lets wait for 10 years and see how it will work in future.
But right now, if it so important for you to calculate the coin price based on total max supply well
right now its 78 000 000 MUSIC ever existing. And there is 90 000 000 ETH ever existing right now.

Price for MUSIC is 0.00000825 BTC. Price for ETH is 0.049 BTC.
So using your logic the price for MUSIC right now should be at least 0.055 BTC.

And i dont know what are you waiting for and not running buying cheap MUSIC before it will be too late.

The point of my message is Total Coin Supply worth shit in terms on avaluating real coin price. It is what it is.


i know your point BUT eth has a block reward = 5 eth per block and this coin has a block reward = 314 mc's
i dont know why so much block rewards - but we will see in the next months
Based on the CURRENT total MUSIC supply the price should be 50 USD if we will be using such logic.
Of course after 5 years there will be a lot more coins, but right now its 78 000 000, thus the price is 50 USD?

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