I’ve learned a lot in 30 years as a financial analyst, trader, commentator, and marketer – but somethings don’t need to be learned. They are plain common sense, like DO NOT INVEST IN ASSETS WITH LIMITLESS SUPPLY!
To that end, I continue to be amazed that Ethereum is a go to” crypto asset, as its supply will continue to grow, forever. Not only that, but how can anyone postulate a world in which Ethereum’s use case rises as fast as its supply, when its only real use case is commoditized? Yes, it’s entirely possible (perhaps, probable) that Bitcoin’s use case will exponentially grow…but Ethereum? C’mon, give me a break.
That said, I’m asking you to ignore Ethereum’s fundamental prospects – and simply focus on the fact that it’s supply will NEVER stop rising. NEVER. And then, consider that the most well-known, popular MimbleWimble coin, Grin, has the exact same issue.
Those who follow MimbleWimble are in a unique position to capitalize on one of the most likely crypto technologies to experience Bitcoin-like exponential growth. In fact, Bitcoin may one day be forced to incorporate it, if it wants to maintain its market dominance. And yet, if you want to invest, your choices are Grin, with unlimited supply; and Beam, with a 263 million supply cap – that moreover, is run like a corporation.
This is why Chris Gilliard created MWC, by forking from Grin and building out a world class development team. He could not be more bullish about MimbleWimble, but simply did not want to invest in a coin with no supply limit. Moreover, given that Grin and Beam are open source, he recognized that he had just as much opportunity, and capability, of furthering the MW code – which he has already done, by creating the most advanced, Windows-enabled GUI wallet in the whole space. Trust me, this is no small accomplishment!
Just six days from now, on July 19th at 1:00 pm EST, registration for the FREE BTC airdrop of MWC will be closed – in which, six million of the 20 million that will ever be issued will be handed out to BTC holders, at a ratio of six million divided by the amount of BTC registered – which as of yesterday morning, was 44,000. Additionally, another two million will be handed out FREE to holders over the coming years, per the “MWC HODL” program that was modeled after Bitcoin Rhodium’s “Strong Hands.”
So, a supply cap of 20 million – half of which, will take 100 years to be POW mined; with a whopping eight million handed out free, nearly all to BTC holders. This, against a primary competitor with unlimited supply and no dividend; and a secondary competitor with a 263 million supply cap and no dividend.
Every effort will be made to market MWC as the major player it is intended to be; and every effort technologically, to make it at least as advanced as Grin and Beam – neither of which, I might add, was in any way created with an altruistic, not-for-profit mentality. The problem is, that profiting from coins with huge supply caps – let alone, none at all – is historically, nearly impossible.
The MWC airdrop registration for Bitcoin holders will continue until the July 19th snapshot. For more information, please check out the MWC website, Discord room,
Twitter feed, and Telegram Forum.
https://discordapp.com/invite/eUNwqf3