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Author Topic: what about altcoin with unlimited potential supply?  (Read 1663 times)
lottery248
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February 27, 2017, 02:31:26 AM
 #1

have been seeing the altcoins such as dogecoin, peercoin, reddcoin, which has unlimited potential supply, however, have been seeing them falling since the end of 2016. so i would wish to ask about something: is the altcoins with that matter unable to sustain? why is those altcoin unpopular? Huh

disclaimer: my PC is not fast enough to synchronise any of the blockchains so i didn't have any Qt wallet, idk if other feature matters.

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February 27, 2017, 02:48:45 AM
 #2

Doge continues dumping, it has no future because it has unlimited total supply, the inflation is the enemy of a currency.
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February 27, 2017, 02:50:42 AM
 #3

zero demand

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lottery248
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February 27, 2017, 03:14:40 AM
 #4

Doge continues dumping, it has no future because it has unlimited total supply, the inflation is the enemy of a currency.
that's not all the way true, from me. because there are increase of the world population, would that count? Huh
the problem is, that kind of cryptocurrency must be reliable if most of the cases, such as problems of premine, or its security. you cannot simply hype that currency thus popular, or limit the maximum supply thus better demand.

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February 27, 2017, 03:22:38 AM
 #5

I think coins with an unlimited supply could do fine, as long as the inflation is low enough (ie, 3% or less per year, or has a baked in trend that will mean it gets to 3% or less within a reasonable time frame)

Monero has unlimited supply, and I like that one, and its doing ok.

To fund the block chain you either need an inflation in coin supply, or transaction fees. So if you dont pay one way you will pay the other.

Thats my understanding of it anyway.

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February 27, 2017, 04:10:47 AM
 #6

have been seeing the altcoins such as dogecoin, peercoin, reddcoin, which has unlimited potential supply, however, have been seeing them falling since the end of 2016. so i would wish to ask about something: is the altcoins with that matter unable to sustain? why is those altcoin unpopular? Huh

disclaimer: my PC is not fast enough to synchronise any of the blockchains so i didn't have any Qt wallet, idk if other feature matters.
Too many inflation will make the price of the coins is always down. I just give you an example such as lisk. every year the new coins have always been producing.
All of the just have the early hype for the adopters. Mostly the people are not interesting again on their inflation. and they will move to the other fixed supply of the coin.
You can see EDR coin. their supply is trillion.

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February 27, 2017, 04:15:07 AM
 #7

does ripple pretty much unlimited supply?
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February 27, 2017, 04:33:11 AM
 #8

Doge continues dumping, it has no future because it has unlimited total supply, the inflation is the enemy of a currency.

I agree inflammation is a big factor,Dogecoin cannot keep up,even though there are a lot of merchants using dogecoin,the community need to convert new users,in three to 4 years dogecoin will find it hard to keep up with the inflamation,they might do a hardfork .

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February 27, 2017, 05:01:54 AM
 #9

Doge continues dumping, it has no future because it has unlimited total supply, the inflation is the enemy of a currency.

The problem with Doge is that for some time now, there is no real development coming  from the team, what the market feed on is news update. I think the price will continue to tank unless someone with a good reputation comes on board to savage the sinking ship.

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February 27, 2017, 07:38:15 AM
 #10

Limited supply is a silly concept in an open currency market.  The idea of "limited supply" came from the concept of "sound money".  Sound money theory is based upon a steady-state situation (the money "came from long ago") and has the monopoly of currency.  Essentially, the sound money theory is the theory of gold being the single monetary asset on which every other asset is based.

What the sound money theory is after, is that there cannot be seigniorage, that is the unavoidable value transfer from the economy to the creator of new monetary tokens.  If the supply "has always existed", and cannot increase, there cannot be any seigniorage.  That's the fundamental idea behind sound money.  The other tenet is that with a fixed amount of monetary tokens, it behaves as a perfect collectible, and there will be a fair market of demand for storage of value, correctly filled in by the market cap of the monetary supply (which is fixed).

But this is totally ridiculous with crypto.  First of all, crypto tokens MUST be created because they don't exists "since ever".  So the seigniorage is there.  And second, crypto tokens don't have the monopoly on the money market: there are other crypto tokens, there is fiat, there is gold....
So the hypotheses of sound money doctrine are in any case not respected in the case of crypto.  As such, there's no point in keeping to its conclusions.  There IS seigniorage, there ARE coins created, and there IS a variable market share.  So whether this coin creation will stop "one day" or "at infinity" doesn't matter AT ALL.

In fact, no tail emission gives much more problems of instability and exacerbates the initial unfairness of seigniorage than it solves problems which don't exist.
 
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February 27, 2017, 08:29:16 AM
 #11

all altcoin still use limited suply, dogecoin, reddcoin is youre write still use limited suply
if unlimited suply coin can die, because suply and demand not balance, only alwyas dump can die

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February 27, 2017, 09:59:37 AM
 #12

does ripple pretty much unlimited supply?

Actually, Ripple has limited supply of 100,000,000,000 XRP but it is not a problem with supply the problem is with the quality of blockchain. There are different algorithms and different blockchain solutions. Altough I like the concept of Ripple I see major problems of its blockchain security. Currently, the best blockchain is provided by New Economy Movement (NEM) and people are just unaware of its potential. When they will understand it I expect the price of NEM to skyrocket.

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February 27, 2017, 10:34:31 AM
 #13

I guess unlimited supply is a bad thing for a currency, because it suffers from inflation this way. Litecoin is limited and works a lot like btc with its own halvings and reward sums. And it is one of the most popular coins now. I think eventually we'll see a few coins as strong as bitcoin but it will take time. Ltc and Ethereum are among the most promising, I suppose.
Maybe it would be great if there was altcoin with the total sum less than bitcoin. That would be interesing to look at. Maybe there already is such a currency though, I don't know.


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February 27, 2017, 10:59:02 AM
 #14

they are not that bad if done right, for done right i mean the inflation must be very low over time, lower than doge and lower than many other unlimited supply, the reward for mienrs should increase very slowly, but additionally you need to add some nice feature to make it interestin to follow
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February 27, 2017, 12:11:52 PM
 #15

Doge continues dumping, it has no future because it has unlimited total supply, the inflation is the enemy of a currency.

Doge's dollar price is stable. It is falling in bitcoin terms only because bitcoin keeps strengthening against the dollar.

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February 27, 2017, 12:33:48 PM
 #16

Those alt coins that has unlimited supply will be barely dead very soon. And there's no need for competition to it already since people can get it for unlimited, there would be no scarcity. And we know that an economy needs to have something like that and the same goes with alt coin. If ever another coin will be launched to have unlimited supply, it will be dead for sure.

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February 27, 2017, 02:33:18 PM
 #17

There are so many coins now compared to a few years ago. The price of those coins with unlimited supply will keep dropping till it reaches 1 satoshi.
I don't like coins with unlimited supply as the inflation will reduce the value of each coin just like fiat.

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BTCLovingDude
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February 27, 2017, 02:35:06 PM
 #18

well, when these coins give out so many coins for example in their blocks, as their new block reward or as their stacking reward to people who run a wallet, all these people dump these new coins they get as a reward on the market and create a big sell pressure. to be honest i am surprised some of these coins are still alive even.
that is why the supply and the way it is being distributed matters as far as price is concerned.


 
 
 
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ttookk
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February 27, 2017, 05:43:33 PM
 #19

I think this is very dependent on the coin and its specific usecases.

Ethereum for example has no fixed limit and looking at its functionality, there is merit to that: in case of Ethereums success, based on increasing computational power, we would have an ever-growing system, in which, due to a rising number of users and uses, the price per ETH would stay the same or even rise.

Apart from that, with ETH being more of a "ticket" than an value storage tool, the fact that ETH prices decline should not matter, because they are not meant for holding in the first place.

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Rockie1234
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February 27, 2017, 06:11:37 PM
 #20

have been seeing the altcoins such as dogecoin, peercoin, reddcoin, which has unlimited potential supply, however, have been seeing them falling since the end of 2016. so i would wish to ask about something: is the altcoins with that matter unable to sustain? why is those altcoin unpopular? Huh

disclaimer: my PC is not fast enough to synchronise any of the blockchains so i didn't have any Qt wallet, idk if other feature matters.

I think there's a number of reasons: firstly these coins all have their own feelings. Redd was a good idea but never really took off, just never reached enough people after its release. Peercoin again just didn;t get enough exposure/investors. Dogecoin was just a joke coin which is now slowly dying.
But yes, of course, unlimited supply means inflation and generally lower value coins.
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