You don't have any logic in what you're saying. What grade are you in?
The whole point is owning a % of the entire blockchain, not the number of coins you have.
I had an idiot roommate who thought like that and he couldn't get a job outside fast food.
You got 45 Billion coins total that can go back 8 decimal places .00000001
If you think thats a bad idea, go make a copy of it with less coins and see if anyone will adopt it. Go make a proposal in Project Catalyst and see if anyone votes on it.
At the risk of sounding like an "idiot" isn't the simple fact that too many coins waters down the value? Like too many dollars or too much gold on the market?
No, the value only waters down when when there's too much of an increase in coins in a period of time.
The value goes down if the supply is increasing more than the demand.
If there's always been a bunch of coins but the total amount never changes then it's not watered down. If it decreases in value, then it just lost demand, it didn't water down by increasing in supply.
Just like a penny stock with too many shares.
You don't have any logic in what you're saying. What grade are you in?
The whole point is owning a % of the entire blockchain, not the number of coins you have.
I had an idiot roommate who thought like that and he couldn't get a job outside fast food.
You got 45 Billion coins total that can go back 8 decimal places .00000001
If you think thats a bad idea, go make a copy of it with less coins and see if anyone will adopt it. Go make a proposal in Project Catalyst and see if anyone votes on it.
I guess you bag held. Pity
I'm still in the green since I got in and I'm pretty happy with it
At the risk of sounding like an "idiot" isn't the simple fact that too many coins waters down the value? Like too many dollars or too much gold on the market?
No, the value only waters down when when there's too much of an increase in coins in a period of time.
The value goes down if the supply is increasing more than the demand.
If there's always been a bunch of coins but the total amount never changes then it's not watered down. If it decreases in value, then it just lost demand, it didn't water down by increasing in supply.