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scottii (OP)
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January 28, 2014, 12:53:40 AM |
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"Governments are good at cutting off the heads of a centrally
controlled
networks like Napster, but pure P2P networks like Gnutella and Tor seem
to be holding their own." -- Satoshi
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Zzzack
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January 28, 2014, 01:07:02 AM |
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Great article! Inspired by a thread on this site too  What it says: Maintenance cost is the amount of NEW money needed per day so that the price of a coin doesn't fall. Lower costs = more stable at a particular price (at least, less likely to go down). QRK has the lowest maintenance cost relative to the size of its market cap ~~ 930$ a day : 19 million $ market cap Zeta has one of the lowest maintenance costs ~~ 230$ a day : 3 million $ market cap Devcoin has one of the lowest maintenance costs ~~ 450$ a day : 3.5 million $ market cap Dogecoin is scary - as noted in the comments by a dogehead - needs so much $ per day it isn't a stable investment ~~ 1.1 million NEW $ a day or else it will drop in price. ^^I just put money into Zeta this |
Producer
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BitCoinPokerBro
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January 28, 2014, 01:14:46 AM |
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Someone else posted this exact link in another thread not even 5 min ago
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scottii (OP)
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January 28, 2014, 01:18:26 AM |
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Yeah probably, It's a good article.
Anyways, yes maintenance cost is just like overhead towards a business. Too much overhead, mean not much profit.
I wonder what the maintenance cost for BTC is?
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Zzzack
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January 28, 2014, 01:20:56 AM |
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Yeah probably, It's a good article.
Anyways, yes maintenance cost is just like overhead towards a business. Too much overhead, mean not much profit.
I wonder what the maintenance cost for BTC is?
3 Million or so. So 3x more than Doge...and its worth so much more. |
Producer
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PinkPotatos
Full Member
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Activity: 126
Merit: 100
Girls dont crypto?
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January 28, 2014, 01:29:43 AM |
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Its a really good article.
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cozk
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January 28, 2014, 01:36:50 AM |
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LTC is a successful coin.
LTC is right after doge (considered like shit by the article) in term of maintenance cost.
So what do i need to conclude ? Maintenance cost is one among many factors and its relevance is highly questionnable due to the fact that LTC maintenance cost is super high and is also the most successful Scrypt coin....
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Zzzack
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January 28, 2014, 01:44:12 AM |
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LTC is a successful coin.
LTC is right after doge (considered like shit by the article) in term of maintenance cost.
So what do i need to conclude ? Maintenance cost is one among many factors and its relevance is highly questionnable due to the fact that LTC maintenance cost is super high and is also the most successful Scrypt coin....
One of many factors, yes. But you realize what maintenance cost is, right? Its the new supply coins. The reason why LTC is able to have such a high maintenance cost is because there is such high demand that = the new supply coins = maintenance cost. BTC is even higher than Doge, but it seems reasonable to think that demand will maintain its 3 million $ a day costs whereas it is less likely Doge can keep demand high enough to continue to outpace LTC. |
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Oztwinpeaks
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January 28, 2014, 02:09:46 AM |
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Considering the great community it has, Devcoin really does seem to have substantial upside with this taken into account also.
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usahero
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January 28, 2014, 02:10:19 AM |
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Yeah probably, It's a good article.
Anyways, yes maintenance cost is just like overhead towards a business. Too much overhead, mean not much profit.
I wonder what the maintenance cost for BTC is?
2.5-3 M$ , depending on which price you count. Which doesn't mean that there is 2.5-3M$ invested into every day bitcoin to "maintain" the price. |
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TheCloser
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January 28, 2014, 03:29:50 AM |
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I'm going against the grain on this one. This article is poorly written because it is based on partial truths. At the end of the day a coins value is maintained by the relationship of the total coins mined per day versus the overall increase of network hash rates. If we look at this using pure mathematics, the volume of btc and ltc mined per day can be traded against the total volume of all other cryptocurrencies combined. Therefore, if ltc and btc ever hit the deck all other cryptos come down with it because there is nothing left to hedge your alt currency against.
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minermob
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January 28, 2014, 03:45:17 AM |
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Its a really good article.
+1 |
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Futurecoin
Newbie
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January 28, 2014, 04:04:34 AM |
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It's true, this is exactly why NXT coin descendants are superior, with supply a limited amount, there is no inflation!
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hvezdasmrti
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January 28, 2014, 04:08:32 AM |
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Dont be ridiculous, at NXT there is a potential supply of 80 percent coins which still werent sold to sheeps.
And the whole article is totally wrong.
Compare a shitcoin and bitcoin. Shitcoin has daily supply 1M coins and there are only 10M coins in distribution yet. BTC has daily supply 3600 coins with many millios in circulation. 1 shitcoin costs 1 satoshi, 1 bitcoin cost 10M satoshi.
Which one has more expensive daily supply? Bitcoin? Of course, because the whole shitcoin distribution is valued by 1 penny.
Sell all your bitcoins and hurry up to buy 1M shitcoins.
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In Pump and Dump we trust.
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cryptohunter
Legendary
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Activity: 2100
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MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
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January 28, 2014, 04:14:47 AM |
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how many blocks until doge rewards drop again? i really like doge long term. I have sold half but keeping half for a long time.
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dogechode
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January 28, 2014, 04:42:25 AM |
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This concept doesn't make sense to me. You don't need "new money" for the price to stay the same. You know what determines the price? What people buy and sell it for. Bid/Ask. If no one traded dogecoin for a day, why would the price change? It shouldn't, as far as I can tell. It's like trying to value a baseball card... it isn't worth what it says it is worth in some book, or what Joe Dipshit says it is worth - it is worth whatever someone is willing to pay for it. Period.
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Cygnify
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January 28, 2014, 05:06:24 AM |
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This concept doesn't make sense to me. You don't need "new money" for the price to stay the same. You know what determines the price? What people buy and sell it for. Bid/Ask. If no one traded dogecoin for a day, why would the price change? It shouldn't, as far as I can tell. It's like trying to value a baseball card... it isn't worth what it says it is worth in some book, or what Joe Dipshit says it is worth - it is worth whatever someone is willing to pay for it. Period.
Basically this article is saying how much the respective currency is devalued daily - this is another way to look at it. |
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