THERE IS TOO MUCH PREFARM XCH SOLD.
404016 XCH only in 3 months and 10 days.
Please STOP !
Selling small amounts of XCH to continue development by CNI and support the launch of the Permuto trusts is much better than the alternative - which is stopping all development and not launching the first new financial asset class since the ETF in the 1990s. However that launch is this summer and after it, cash generated from Permuto will relive the need to sell from the pre farm to keep the lights on and development continuing.
People really don’t think about what the alternative would look like without the small amount of XCH sold since the FTX/Terra Luna collapses destroyed the ability to raise private equity.
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Anyone holding XCH for number-go-up-reasons: “Please STOP !”
CNI can be profitable. Permuto can be profitable. And neither of those has a direct link to coin price: its value comes from prioritizing transactions. And today almost all those txs are free. It will take time for that to change.
Permuto will sell lots of AC/DCs on the traditional rails. And… over time… some customers will choose the CAT versions. CNI will gain corp/gov clients for their custom software solutions (that just happen to use a blockchain, that just happens to be powered by XCH) - so more-widely-used software means more txs. Both those successes will increase volume… so blocks will occasionally full… the hopefully persistently fill…
… THEN there will be a reason to buy the coin. A reason the price may rise.
Maybe. Eventually. And indirectly… even if CNI+Permuto bring in boatloads of fiat. Don’t buy XCH for price-appreciation.
how does this concern you, are you some kind of freely appointed crypto-advisor? why should anyone listen to you?
Permuto creates demand in a way that every blockchain before Chia has been promising but failing to deliver. That promise is that ongoing demand for limited but secure block space creates enduring value. I’ll just leave this here.
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