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
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By Philip McMaster PeacePlusOne_!/ on 2013-12-04 19:44:52