Quite the opposite.
If all coins are bought (900BTC), the transferred once (say to an exchange), then there will be 818,181 coins left. Worth 900 BTC minimum
okay if ive got this straight - it doesn't add up so if i am wrong please point out where.
why wont the above just be worth 818.181 BTC, regardless of what you bought for - that's what you got in your wallet,
on the next transaction your selling your 818.181, but the buyer gets 736.363, and again is hoping they sell at 900?
the your forced inflation works....but only to a point - but its based on the idea of people wanting it, really wanting it. and bearing in mind that it wont ever be spend-able, and that every time you use it there is 10% less than you started with - i see his could run into trouble pretty quick.
i think people are going for it because of you promise to buy back over the first 9 weeks.
but unless i got confused along the way here - there is no way that you can fill all the buy orders using the pot of BTC it was sold with?, because the WOLF is worth 10% more than it was bought for - that puts you 10% short of filling the buy orders, leaving 10% left un-filled. And that's if people buy it and deposit it straight to the exchanges without any extra transfers.
if people trade amongst themselves, and have lost 10%, 20%, 30% on the original coins, they are going to want the 10%, 20%, 30% back for those coins to break even, but the market might be 30% lower. whos going to buy their coins at 30%+ above the market price? you wont - because your buying the lowest buy orders first.
if the price of WOLF is on the market for $1per WOLF. you buy 1000 WOLF, you spend $1000,
You then have 900 to sell, and if the market is still trading at $1 - that means your wolf is worth $900, (not $1000, not $1100) , and yes you can put them on the market for $1.5 and say its worth $1500, but while the market is at $1per WOLF it wont sell.
i don't see how this can ever really make money, someone will ALWAYS be left out of pocket. it makes a market where everyone is forced to try and make at least 10% on every sale till eventually, there is no coin left, or that there is such a tiny amount with such a high asking price that nobody trades it.
also - this?
I looked at this link, but I don't see anything that tells me these coins have obviously been destroyed. How exactly do we know the coins have been destroyed?
Needless to say - im interested, but i am a little apprehensive, if i bought 1000 coins id want to receive 1000 coins, so you would have to send 1111 coins - it doesn't look like thats how you thought about it. for now at least, i think i will sit back and observe.
