Breaking news : live from Banana Republic of gulden
A one time payment of 100 millions Nlg will be made to Rijk
How many millions was the premine ? 450 millions
Total 550 millions over the total supply of 700 millions
+ the all the devs rewards.
This is as least 78% in the pocket of the president of the republic
And the joke of the day : the total supply will be reached after 1000 years
Who cares about this shit coin in few months years
More exaggeration and hyperbole. Your figures are erroneous. The premine was spent a long long time ago.
Supply was drastically reduced right as the local top was being put in last spring.
Price action since then has acted as a reset, in a way. So, Gulden is already many months into a new cycle and the bottom is already being put in. Whereas the broader sector is about to go down the same percentage that gulden has already posted.
Gulden in this way is actually ahead of the curve in terms of where the rest of the sector, including btc, is going.
Gulden's comparatively modest goal of gaining acceptance as a "checkmark" crypto (regulation-compatible) in the Netherlands as a means of payment and a limited issuance digital store of value and growing out from there is now a much more *realistic* and practical goal than all the dumb irrational exuberance hype we heard for over a decade about rendering banks obsolete entirely with btc and a handful of other POW/POS coins like Ether (which had, in effect nearly a 70% pre-mine with the DAO hack code makeover but it still ran up on the coat tails of the same "global alternative to everything" thesis that drove btc).
That "new global payment system" thesis is now getting obliterated. Less than 2% of people even use or hold ANY crypto. With this kind of ongoing volatility in btc, the global adoption btc-maxi narrative is getting its goose cooked right now.
The reason why it will still take time (probably a few years still) for the Gulden philosophy of blockchain to start to really catch on is that all the ambition, equity, bloated infrastructure and perma-bullish confidence in the fake promises of btc being a hedge against inflation and the end-all-be-all way to oust the banks is being completely negated right now so investor sentiment has been pummeled as a result.
Thus, Gulden and Florin represent a truly next generation iteration with updated advantages that blockchain and crypto still bring to the table when it comes to a new financial sector.
Again, before this next generation offering starts scaling the real adoption ladder, all the air has to still be let out of the hype-inflated balloon. Gulden (which has good blockchain fundamentals) has functioned for many years on a highly conservative budget which also gives it staying power vs these other way over-evaluated balloon projects which will giveup and fold much faster due to the quick comparative lack of liquidity.
Only the truly resilient projects that can operate at shoestring capacity will survive this phase of regulatory crackdowns. All the hype exchanges could be shutdown and that actually would not negatively effect the functioning status of gulden. Many of these coins only exist because of their wash trading exchange activity because they are just copypasta tokens of ETH, etc. and don't have their own blockchains.
The reality is that gulden needs some kind of an ambassador program that can influence the thinking surrounding legislation around blockchain in the netherlands with NLG and XFL as secure offerings that can receive the increasingly inevitable nterbank/intergovernmental nod of approval.
If Ripple gets that nod in the US, Gulden will most likely gain traction in the Netherlands in a similar way.
