You are viewing a single comment's thread from:
RE: Gridcoin - How to Generate Value
Limited supply does not generate value. The value of something will rise as the ratio of demand vs. supply increases. I can mint a single coin. It would be extremely limited but also worthless because there would be no demand (well, probably :)).
With Crypto's though, there is some demand as an anonymous wealth store and long term that is about it. If we just target this market we are competing against a whole host of limited supply coins that have not reached their equilibrium price.
Being an unlimited coin puts us at a disadvantage in the long term, relying on new users buying coins is a short term solution.
We need another way to generate demand and give the currency a lifecycle.