If Premine were valued equal to Bitcoin:
500,000 VS 21,000,000 coins
1 Premine = 42 BTC
10 Premine = 420 BTC
50 Premine = 2100 BTC
100 Premine = 4200 BTC
1000 Premine = 42000 BTC
If 1 BTC = $927
1 Premine = $38,934
5 Premine = $194,670
10 Premine = $389,340
100 Premine = $3,893,400
1000 Premine = $38,934,000
Percentage of total coins
50 = 0.01%
500 = 0.1%
5000 = 1%
50000 = 10%
500000 = 100%
In an alternate reality where everyone was using Premine as well as BTC. I wanted to use a relative example to show how a coin with a low total number could potentially be valued. This is purely theoretical. Numbers based on Premine being 500,000, but it's actually a bit less than that. Closer to 499,000. Not an example to in any way hype up the coin. Just as a relative example. If Premine had the exact market cap of BTC, then 1 Premine is, for all intents as purposes, equal to 42 BTC.
1 BTC would then be equal to 0.047 PMC. Or there abouts.
This - as you said it - are only dream figures, of course. I would be more interested to see this equation for a coin with a marketcap in the common, upper field (~5 mil market cap), as this would be more realistic dreaming for now.
I think one of the core issues that PMC has to tackle and that no one seems to dare to mention is that we are creating value out of thin air here. PMC currently struggles to find a basic price as no one is really able to tell what the bottom value of this coin actually is. Usually, you can create a rough equasion based on power consumption of an average GPU/CPU/ASIC and put it into a relation with the number of coinsed mined per hour/per day and so on. PMC lacks this feature as the rewards are heavily volatile, ranging from 0-5 as I read it right now (of course, the 0 reward issue is currently not existent).
Related to this is the idea of wealth linked to the creation of this coin: There was no IPO (which is good in my opinion), but at the same time no one paid a penny during the distribution phase, so we have no natural value for this coin, it was created out of thin air. I can understand the views of new users that visit this thread and think by themselves "why should I invest in a coin of which I don't even know how well it is distributed (a lot of possible heavy dumps), when I can't even be sure that these coins will ever be worth something?".
We have to address these issues and make clear and transparent statements about the state of the coin and what to expect of it, what is planned for the future and why more people should get involved into this experiment. The market won't wait for us and every day that passes on which we don't actively engage in spreading this coin and the word is fuel for FUD addressing hoarders, sharks and greed.
I want to start right now with a little experiment: Sit back for a minute and think about how we can solve these challenges and contribute to the conversation (and I don't mean one-liners here, I am expecting some thought-through statements that actually push the conversation forward). I am willing to pay 5 PMC to each good contribution (judged by myself) to the conversation, while I am expecting you to spread 2.5 PMC of this to other or new users, you may do with the rest as you please. I will only pay out 5 PMC per person once, but if you continue to contribute in a productive way, I am willing to pay further portions of 1 PMC to you (again: quality is judged by myself, and I am only willing to pay for real contributions).
Lets play pay-it-forward soon. I'm willing to use my faucet coins (at like 12-13) and get it started. So I give 13 PMC to the first random newb who posts in the thread, and then they have to give 6.5 to the next noob, and then they give 3.25 to the next poster, and so on until someone doesn't want .25 PMC or whatever it gets down to.
And register at
http://www.reddit.com/r/preminecoin everyone! This is a good place for general discussion, if we get more members.
