This coin is great and all that, but is no one concerned about the insane disparity between current supply and future total supply? I feel like they really, really fucked up the tokenomics on this one.
WOW HOLY SHIT
William Adams
Adrian Ortiz
think about what links poc with swift was
link did that by creating a network to get off chain data on chain
what data was required
whats another way to get that data that is chain native?
Cameron Carter
heard the same argument over and over when this was $0.02
the tokens will be distributed over a period of 10 years and will ensure that utility and use is brought to the network
Anthony Edwards
What anons here fail to realize is that the stellar network is built using the galactic standard. It's been made in preparation of the global announcement about aliens. Once Trump's space force is active and we "make contact for the first time" (the narrative that will be pushed), the world will only use one currency, and one that is compatible with other currencies in the universe. Expecting aliens to have to deal with a planet with multiple currencies is just retarded.
Nicholas Williams
But how will that not tank the price of each individual coin? No other coin in the top 100 has such a low percentage of current supply/total supply as far as I can tell, unless maybe some mineable coin, which is obviously different.
If we assume total supply for all coins right now, XLM is #4. How much higher can it go? I'm just not seeing the upside if your goal is to beat just holding Bitcoin.
Aaron Cruz
Meaning #4 by market cap, assuming total supply, if that wasn't clear. Great protocol and blah blah blah, but why should I buy this at this point when hundreds of other coins look like a better buy going forward?
Levi Williams
like I said, the situation was the exact same when the price was $0.02
the supply has increased dramatically since then and the price has not tanked
SDF are not going to dump the entire supply on the market at once, they will release it gradually as they have been doing
current XLM holders are already aware of the outstanding supply so this fact is baked into the price. if there was no outstanding supply the XLM token would be much higher at this moment. so you could argue that the price suppression due to the outstanding supply is already there today, it's not going to suddenly happen in the future
Luke Wood
it's kind of like when BNB does a token burn
why doesn't the coin pump like crazy when they do a burn? because holders are already aware that those coins will be destroyed, so the upside is baked into the price
with XLM it's the same, except the downside of adding to the supply is baked in
Landon Foster
they bought fucking chain
think about the value they can add with that kind of warchest
do you think partners taking xlm for onboarding are going to be interested in crashing the price of xlm?
Adrian Hernandez
>private
lolwut Monero destroys this shit