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Appreciate your response and my apologies if I am incorrect. But what I have heard is the following: There’s constant large amount of coins printed for the tea
by greatpostman 4y ago
Appreciate your response and my apologies if I am incorrect. But what I have heard is the following:
There’s constant large amount of coins printed for the team and their VC’s in which they can sell on a daily basis to dump the market. Also new coins being owed to the miners are periodically unlocked as well (in FIL it’s like a ponzi, you gotta wait for your rewards to be unlocked after many months to take everything out). Basically too many coins can be sold daily, very little demand, real use case, or hype.
- TheIronYuppie 4y agoUnfortunately, I can't comment on the price of the coin - it's determined by the market, and we/the Filecoin community is just focused on delivering useful stuff. If you want market speculation, there's tons of sites out there that will do that for you. As far as the people actually using it, you can check it out here[1] We have about 18 Exabytes of space on the network, adding nearly 2+ PiB a day of new deals (people storing things). You can see a bunch of the important datasets being added here[2], replicated, universally available and uncensorable. If you see value in that, that's great! If you don't and have more feedback, we're here to help! If you hate us or want another solution, that's cool too! [1] https://filfox.info/en https://filfox.info/en [2] https://slingshot.filecoin.io/explore https://slingshot.filecoin.io/explore
- throwsjdhsj1234 4y agoYou use the price being out of your control as a way to dodge this allegation: > There’s constant large amount of coins printed for the team and their VC’s But you can answer on this part without addressing the price. Is this claim factual?