<<  >> (p.66)
    Author Topic: [ANN] ORA :: NXT 'monetary system' currency  (Read 181234 times)
    This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic.
    Kora (OP)
    Sr. Member
    ****
    Offline Offline

    Activity: 308
    Merit: 250


    View Profile
    July 19, 2014, 11:56:21 PM
     #1301

    What is the total number of coins?
    50 Millions is the total coins i believe.It might be changed.

    My original thinking was for 50M, but someone pointed out that if the max coin number starts with a '1' then it's a lot easier to do quick trading calculations in your head. That made sense to me, so we just need to decide on the number of 0's after the 1.

    My preference is for 1 billion or 10 billion. It's really a psychological choice ... what number is most appealing for the users now, and in the future?

    My opinion is the bitcoin max coin number (21 Million) is too small, and new people seeing the price of one bitcoin at ~650 USD makes them think they've missed the party. I know all the arguments about having 8 decimal places, and we'll all end up thinking & talking in 'milli bitcoins' eventually, but I think for a global currency the coin supply should probably be in the billions. If one bitcoin equals 100K USD the psychology for new users *could* be a major factor effecting wider adoption.

    A low coin supply makes bitcoin look really expensive now (~650 USD), but with a total market cap of only ~8 billion, logic would say that bitcoin is still massively undervalued.

    Who has a killer argument for what is the 'perfect' coin supply?

Page 65
Viewing Page: 66