AI
Wednesday, October 19, 2022 5:57:05 PM
PLUS1 - Doesn't matter. I knew the coin was worthless when the "Max Supply" increased from 21,000,000 to 26,352,450 around Oct.2021
Crypto dilution?
I messaged iHub about it and got no response.
To put the Plus1 coin increase into perspective, this would be like increasing the same 21,000,000 max coins that could be mined for Bitcoin and putting the additional 5,352,450 coins in your pocket.
Or, 5,352,450 x $19,000 = $101.7 Billion
Arbitrailally increasing the Bitcoin max supply would collapse the global cryptocurrency market, and all hell would break lose.
Didn't happen with Plus1, because nobody noticed or cared.
I also doubt there will be enough network hashing power to transfer your Plus1 coins out of iHub for days or weeks; not that it matters, because where else are you going to use them?
Am I missing something or a new market where they will have value?
Can I get some money back for the electricity I used to mine them?
Still got my DigiByte, and am certain the "Max Supply" of 21B will not change.
It's a big crap sandwich, and all Plus1 holders will have to take a bite.
Still chewing and can't swallow.
wm
Crypto dilution?
I messaged iHub about it and got no response.
To put the Plus1 coin increase into perspective, this would be like increasing the same 21,000,000 max coins that could be mined for Bitcoin and putting the additional 5,352,450 coins in your pocket.
Or, 5,352,450 x $19,000 = $101.7 Billion
Arbitrailally increasing the Bitcoin max supply would collapse the global cryptocurrency market, and all hell would break lose.
Didn't happen with Plus1, because nobody noticed or cared.
I also doubt there will be enough network hashing power to transfer your Plus1 coins out of iHub for days or weeks; not that it matters, because where else are you going to use them?
Am I missing something or a new market where they will have value?
Can I get some money back for the electricity I used to mine them?
Still got my DigiByte, and am certain the "Max Supply" of 21B will not change.
It's a big crap sandwich, and all Plus1 holders will have to take a bite.
Still chewing and can't swallow.
wm
" faber est suae quisque fortunae " The above is for informational purposes only, responsibility for all trading decisions lies solely with the reader.
