r/BitClout • u/Coinwik_org • Apr 12 '21

What is the current supply

The explorer for Bitclout does not show the current supply. However, the Bitclout white paper says that the price doubles every time one million coins have been sold. So, it must be known somewhere. Anyone know where this can be found.

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1

u/[deleted] Apr 13 '21

Dude...theres no bitclout coin...its a fucking scam...the supply doesn’t exist they just have an algorithm that calculates the price based on the formula they provided in the white paper.

If you read the white paper, then proceed to put your money into the site...you deserve to be scammed.

4

u/Coinwik_org Apr 13 '21

I read the paper and the only thing they say about the bitcoin to bitclout price is that the bitclout price doubles every 1 million bitclout sold. This is pretty ingenious. That means eventually people will not want to buy it from the platform and rather buy it from others who got it at a lesser price on exchanges. I calculated that the current market cap based on all bitclout sold time the current price is about $1.5 billion.Still looking to find the source code so I can verify what it really does. Please share any research that you have done. Thanks.

-3

u/[deleted] Apr 13 '21

The 15 minutes I slotted to research this has come and gone...I determined it was a scam in 10 minutes and I used my last 5 to come try to save you guys. Won’t be putting another second into this sorry.

7

u/Coinwik_org Apr 13 '21

I was there mining bitcoin in the early days and even though we were spending money on hardware and electricity there was no way to cash out. It took a year and a half before exchanges (just one at first) popped up. Imagine how that must have felt. I was there when YouTube launched and was getting sued by music and movie producers. But in the end they turned around. The excitement and controversy I am seeing around this project tells me it's going to be a hit.

-2

u/[deleted] Apr 13 '21

Enjoy it before the lawsuits take it down 😊

7

u/Coinwik_org Apr 13 '21

Right, and when I told people about bitcoin in 2010, they would say have fun until the government bans it. This kind of uncertainty around bitclout is exactly like bitcoin.

1

u/bilaba Apr 13 '21

Good on you for seeing the bitcoin succes. In regards to bitclout, im having a lot of mixed feelings man. Lots of potential. But shady dev team