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Comment by monokh

A cryptocurrency is generally more easily spendable in an open market. The sell potential that a founder has with 75% of the supply is massive.

If I created a coin today and sold 1% of the supply to you alone, on what basis would you want to store any value in that currency? Given constant buy demand, The currency's market value is defined by what I do. This is why organic price discovery for a currency is important.

parent monokh 5 years ago

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