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May 05, 2014, 05:07:11 PM |
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to some degree i can understand the problem of market saturation, in as far as the shear number of coins there are, and are still being produced. however, it does seem that the lack of attention being directed towards Noble is bordering on intentional.
as far as cutting the total amount to below 5 billion.... keep in mind... that there is currently a little over 12 trillion USD currently in circulation, if that is how we are to measure value, by having more or less, meaning less is more valuable. then shouldn't every crypto be worth more that $1 USD? by that metric, Noble is 1/20,000th in regards to numbers. so with that 1 Noble would be worth $20,000.
1 BTC would be worth about $571,400 for example. so i think that it would be the wrong way to look at it.
personally i think that we should look at the utility of a currency. for example, even though the USD isn't worth anything, in terms of true intrinsic value, it still holds value ( whether it should of not) based on the utility of said currency. so that being said i believe tthat we are on the right track. the number of exchanges are growing, the number of merchants is increasing, and the number of accepting charities is on the way up. compare that to many of the other coins. with the growing market and the growing utilization of Noble, we are building brick by brick the foundation of a much stronger currency, as well as the necessary infrastructure to make it as usable, if not more so, than either BTC or LTC.
but the value is still in it utility not in its' RARITY but in its' utilization.
to expand on that example the U.S. national debt is over $17 trillion with around $12 trillion in circulation and $127 trillion in unfunded liabilities. and the total amount of currency on the planet would equal about $62 trillion. and yet we still think that the USD has value.
something to think about for all of us americans... even more so, now the china is about to overtake our economy, and the world is wanting to go to a global currency, for a number of reasons, but also, they are tired of the US printing it's way our of debt ( which doesn't work) and destroying the global economy in the process ( due to the USD being the world reserve currency)
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