coins have already been mined?
So when 2040 rolls around and 100% of all the BTC have already be mined, will you lose faith in the system? Deflationary economics are healthy, and markets regulate themselves, especially when government literally cannot interfere with what they cannot see.
Yes, but who is holding all of the Arrr coins?
We can't know. That's the point
If it's the developers then then there's nothing stopping them from keeping on dumping and making millions of dollars
If it's the developers, what stopped them from doing that when it hit $16? They could have easily taken more wealth than anyone would reasonably need at that time
Well, it did crash back to $2 so perhaps they already have
ARRR has been the most profitable coin to mine for over two years and consequently had many many miners, It was fair launch, no pre-mine, no ICO and no dev tax.
OK, and when it's 100% mined who will keep the network up then?
I would weigh more that people did the typical thing of cashing out much of the considerable profit, until it was certain that erratic bull spike was over for some time. Hell, even I sold a hefty sum.
miners get tx fees
But isn't arrr expensive to mine?
Miners keep doing their thing, they just collect tx fees, no new ARRR from blocks. When the deflation hits, the value of the coin increases to the point where tx fees equate enough to be financially viable to continue mining
what part of most profitable did you miss?
1 diamond hand hodler here. 👋
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