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RE: UTOPIS to cut off at 175,000 tokens?

in LeoFinance3 years ago

Ye. Thats kinda why I wanted to cap the "rich" or the people with a lot of tokens, so everyone else had a chance to buy more, that was the idea :)

Crypto also uses 25% of Doordash I think to buy hive ^^
So with the capping on buying newly minted tokens, but still have a max supply of 175,000, wouldn't that help the issue of the rich getting richer??

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That's the question the world faces lol. Evenly splitting everything between everyone creates no motivation. A hard cap though does allow for trading of the token itself a lot more if people wish to dump it off to someone else. But the owner I feel needs to continue to generate revenue in order to buy newer equipment. Another pitfall of mining. You need to constantly be producing more hashes at a lower cost.

That's the question the world faces

Ye true :D

Ye token holders could sell it to other token holders ofcause.

I don't know a lot about mining and how often to have to upgrade x)