So, I’ve read the Humaniq white paper (and website), and I’m curious about something…
A few claims are made:
1) Humaniq balances will be integer-only.
2) Total Humaniq tokens created will not exceed ICO tokens sold, times 5.
3) Humaniq is superior to bitcoin because “the number of satoshis in circulation is insufficient”.
Some back of the napkin calculations make it appear to me that something on the order of 150,000,000 HMQ will be sold during the ICO. That would mean a maximum supply of 750,000,000 eventually. Very rough estimates, but I don’t think they’re off by orders of magnitude.
Another claim made (on the website) is that there is the potential for $4.2 TRILLION in new deposits from currently unbanked persons. But let’s be more reasonable, and make things simpler for the bath, and say that $75 billion in new deposits could be made. That translates to a vale of $100 per token. And the tokens are indivisible.
Does the Humaniq team have any plans on how to deal with rising token values, and limited supply caused by a finite supply of indivisible tokens?
Published at Wed, 19 Apr 2017 09:06:40 +0000
[wpr5_ebay kw=”bitcoin” num=”1″ ebcat=”” cid=”5338043562″ lang=”en-US” country=”0″ sort=”bestmatch”]
The Peace Plus One – World Sustainability Project is interested in the opportunities afforded to young people in the new economy of Caring Currency. The currency of the 99%.
The concept of Caring Currency is to move from the selfish GREED IS GOOD model of the 1% to a more equitable, distributed wealth model based on the GOOD we individually do for Society, the Environment and the Economy.
bitcoin is one of the early contenders for alternative currency, and an excellent experiment in "alternative worlds" like the , where we ask visitors and new citizens to essentially stay where we are physically, and simply change our perspective to see the beauty and opportunity in the world.
The Be, Buy Boost bitcoin program is a complimentary program in the physical world… to develop the acceptance, adoption, infrastructure and economic ecosystem.. An Alternative Currencies development program to increase the adoption of bitcoin and other cryptocurrencies in everyday transactions.
The PPO-WSP believes this is a critical effort that must be ramped up immediately to avoid alternative currencies just becoming a speculative bubble like tulilps.
Please join us every Wednesday for "3 Finger Wednesday"
By Philip McMaster PeacePlusOne_!/ on 2013-12-04 19:44:52
