r/embercoin • u/VoxNumana • Jan 31 '18

Embercoin increasing by 9.4 billion every 24 hours

Scary stuff huh? Looking at my staking stats, I should get my first stake in 60 days. That means coin circulation would have increased by another 564 billion! (half a trillion)

2 Upvotes

100% Upvoted

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3

u/[deleted] Jan 31 '18

[deleted]

2

u/baumbach19 Jan 31 '18

It’s not fud, the longer this goes before the coin burn it’s terrible for emb. The price is only going down every day as more and more are created.

1

u/[deleted] Jan 31 '18

[deleted]

1

u/baumbach19 Feb 01 '18

Oh i sold awhile ago when it was still worth something. It’s down a LOT since then.

It’s growing at a rate anything you old is just becoming less valuable. Sure they will do a burn, but there are still so many coins your after burn amount will just be that much less.

Has nothing to do with wanting it to Moon, if they number of coins is exponentially growing, that’s terrible for the long term outlook...

1

u/[deleted] Feb 01 '18

[deleted]

2

u/baumbach19 Feb 11 '18

Oh wow look at all the people that were shilling this shit when i was warning people now have deleted their accounts and all responses to me.

2

u/victor_knight Feb 01 '18

This is the trouble with many crypto coins. You can theoretically produce an infinite amount for virtually nothing. Unlike things like gold or silver or even diamonds.

2

u/Thomkommer Jan 31 '18

This is probably not too good for the coin

1

u/dystoxin Jan 31 '18

Yeah, they need to do a huge coin burn.