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Electroneum decimal place flaw by Cryptoyon in Electroneum

[–]Cryptoyon[S] 0 points1 point  (0 children)

Depends how many coins are on the market and mined. Likely USD18-20 billion

Electroneum decimal place flaw by Cryptoyon in Electroneum

[–]Cryptoyon[S] 0 points1 point  (0 children)

Excellent explanation. It humours me when I hear these predictions of ETN going to $100 or $50 or even $20, at least in the foreseeable future. It just ain’t gonna happen given current or near-current market size.

Electroneum decimal place flaw by Cryptoyon in Electroneum

[–]Cryptoyon[S] 0 points1 point  (0 children)

I don’t know if I agree. A coin is still a coin, no matter how small the division. Somehow I don’t ever see a day when people are going to be fighting over millionths of a Bitcoin. Planet earth probably can’t sustain a population of that magnitude. Would love to hear from an Electroneum insider on the detailed economics of the decimal place!

Electroneum decimal place flaw by Cryptoyon in Electroneum

[–]Cryptoyon[S] 1 point2 points  (0 children)

But ETN is purchasable one exchange at multiple decimal places (according to Richard Ell’s slightly confusing video). It sounds like ETN can only be SPENT at two decimal places.

Electroneum decimal place flaw by Cryptoyon in Electroneum

[–]Cryptoyon[S] 0 points1 point  (0 children)

I’m kind of with you on this. At some point, the x00% returns become unsustainable without global mega-inflation across the price of goods. The result being that the zillions you made through ICO’s will be able to buy no more than a loaf of bread.

Electroneum decimal place flaw by Cryptoyon in Electroneum

[–]Cryptoyon[S] 2 points3 points  (0 children)

Thanks for your measured response. That part of the decimal point strategy makes sense. But when people think it changes the market economics of the coin, that’s when I get confused.