Electroneum large supply shouldn't be a problem. Here is my math why.

in #electroneum7 years ago

So if you are reading this you have probably already heard of Electroneum. The number one complaint about Electroneum is its large coin supply of 21 billion coins. Compared to Bitcoin for example, which has a max supply of 21 million coins, it is 1000 times more coins. Electroneum, however, is limited to only 2 decimal places, while Bitcoin can be divisible up to 8 decimal places. I believe this makes a big difference. If you think about gold, the reason it is scarce is because it can only be physically divided up to a certain point. The scarcity limit of Bitcoin is 0.00000001 Bitcoin. That is the smallest unit of Bitcoin, I can't divide and share my Bitcoin with someone else past that amount. The smallest unit of Electroneum is 0.01 Electroneum. If we use the smallest unit to calculate supply rather than whole numbers, the supply Bitcoin or any other cryptocurrency that uses 8 decimal places is much larger than Electroneum. There is 2.1 quintillion Bitcoin, and 2.1 quadrillion Electroneum.

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I also don’t think that such large coin supply will be a problem. Your math supports this, which makes me a happy investor.