Im not a big fan of the 100 billion token supply currency's. They will never hit a value as high as Eth or Bitcoin, Zcash, etc...
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Im not a big fan of the 100 billion token supply currency's. They will never hit a value as high as Eth or Bitcoin, Zcash, etc...
bitcoinbill, I never understood why do people talk about total token supply and price of each token. What matters is what % of market cap you own. You should not care if it's 10 cents or 1000 dollars per token or how many tokens are total. You should only care about your % of ownership multiplied by market cap and comparison of that marketcap to other networks marketcaps. That's it.
The only places where number of decimal places of each coin price vs USD matters is retail and exchange trading where people have to see prices with too many digits. In this regard current Bitcoin price around 2500 is quite inconvenient compared to EOS price - around 3. Currently I find it more convenient to trade ETH vs USD than BTC vs USD. So Bitcoin is weak compared to ETH and EOS even in those places where price per coin matters.
Of course, if people would agree to give names to certain fractions of % of ownership and all exchanges and retailers would price in those units then price per coin will become irrelevant too.
Let's name 0.00000001% of coin ownership with nano prefix + coin name and start comparing price of nanoEOS vs nanoBTC vs nanoETH. Now your statement translates to nanoEOS "will never hit a value as high as " nanoEth or nanoBitcoin. Today nanoEOS = 2USD, nanoETH = 22USD, nanoBTC = 42USD.
Are you sure that your statement is correct ?
I also believe that all exchanges should trade all coins in such units to make trading experience pleasant regardless of coin rarity. Currently trading in BTC units is not pleasant for me at all. It's convenient only for millionaires. bitcoinbill are you millionaire or billionaire ?
Total supply of EOS tokens is 1,000,000,000 EOS. To correct it. This project is nice, could solve many things. I am not huge fan of huge amount of collected investors money. That huge amount of money is not needed for implementation. Difficult structured ICO that not many investors understand. How to use it to participate optimally? And the most do not know how to participate to make their investment secure? It is very different than investors are usually used to, but they try to participate old way. Just to be fast, and the time counter starts again from the beginning next day. That it is why the prices are over inflated. The project is still in draft state, although we can see nice example of very similar Graphene technology very successful project here in Steem and in Bitshares.