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Id like to tell you guys im still here i have been a little busy but still throwing a few hashes at Klondike, your a nice team don't loose faith i would like to see Klondike do well you all deserve it and id be happy too  ! Thankyou  POst planned for the net hash remained around 400, then the bad fork happened and after we had around 200 and the price suffered. Coinmarket.io exploded, poolionix or however it is spelt have been put into a temporary coma and coinedup is slowly being left to die. The point is you cannot blame the fork for KDC's loss of traction, it is a series of events that have led to this downturn. Prior to the fork ~100k coins were being minted a day. That means if those 100,000 coins were dumped on the market each day at 4k satoshis which is around what we were trading at then there would have needed to have been 4btc's of volume + whatever else was being traded to eat them up. Whilst i know some miners would hold, 4btc is nearly 10% of coinedups total exchange volume - do you really think we would be doing any better if we hadn't forked and were in the position we are in now with the exchanges? I don't blame the planned fork, I do think the unplanned bad fork hrs later had a huge negative impact on the coin, one that we have not yet been able to recover from. That's the error in thinking, with all due respect. The coin is recovering as expected to the new hash rate of pay. The current hash rate of 100 Mh is nearing the .008 BTC per Mh day market rate of ALT COINS. Unfortunately I think the driving force for the block reward reduction was to reduce inflation to increase the value of the coin, without consideration to the actual purpose of the block reward. While this appears to have merit on the surface in a simplistic scarcity supply/demand model, block reward is not a mechanism that can influence price in any meaningful way. There are some caveats to that statement but for simplicity that is the case. However the coin may return to some level of market liquidity over the weekend as the NET HASH drops to more favorable pay conditions. The only direct influence on price is a buyer willing to pay a higher price than the current BID, that's it... No magic involved. Unfortunately the security concerns of a sub 200Mh coin does not facilitate eager bidders. http://www.coinwarz.com/miningprofitability/litecoin/?hr=1000.00&p=1000.00&pc=0.0800&e=Vircurex |
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Id like to tell you guys im still here i have been a little busy but still throwing a few hashes at Klondike, your a nice team don't loose faith i would like to see Klondike do well you all deserve it and id be happy too ! Thankyou POst planned for the net hash remained around 400, then the bad fork happened and after we had around 200 and the price suffered. Coinmarket.io exploded, poolionix or however it is spelt have been put into a temporary coma and coinedup is slowly being left to die. The point is you cannot blame the fork for KDC's loss of traction, it is a series of events that have led to this downturn. Prior to the fork ~100k coins were being minted a day. That means if those 100,000 coins were dumped on the market each day at 4k satoshis which is around what we were trading at then there would have needed to have been 4btc's of volume + whatever else was being traded to eat them up. Whilst i know some miners would hold, 4btc is nearly 10% of coinedups total exchange volume - do you really think we would be doing any better if we hadn't forked and were in the position we are in now with the exchanges? Do you mean to say you expected the hash rate to remain at 400 Mh after the fork? How would you expect that when the paycheck was cut so drastically? The daily reward from mining was not just dumped on the market, a seller always wants the highest price and a good miner puts his sell orders in at various points above the BID, always! If anything the daily reward facilitated price discovery and provided market liquidity on top of 400 Mh! You can blame the stars and the moon until the cows come home, the fundamentals today are 1 Mh/day cost .008 BTC, that's why the net hash as declined since the fork... Everything else is irrelevantIf you all think this coin is on life support today just wait until the block reward is 4! You can't adjust price with the block reward if you could it would be done and all these coins would have passed the moon and be half way to Uranus! The price will do what the price will do, what coin devs need to do is secure and market the coin. The marketing appears to be going smoothly, the change in reward compromised security. The marketing efforts will be in vain without addressing the vulnerability of the coin. If this community just wants to sit around and wait and see, KDC will become one of the coins of the crypto bubble. I believe it is as good a coin as any to become a viable transactional electronic currency, however most of you would disagree with me on the price target for such a coin. |
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This might be a bit rambling but I wanted to touch on a few things.
Ok so to be clear those despised for profit miners that flooded the market with cheap coin is not exactly the story.
You see the profit miner doesn't just liquidate is order at the BID, he works his order, legs it out and tries to get the highest price he can, but he does get the buyers bought, that's important. Usually he also has some supporting BIDS as well. He exchanges all this for processing power and electricity.
Those that think the seller is setting the price now or before the fork just isn't participating or paying attention to which side a trade is closing on. The buyer has been in control on over 80% of trades.
This community needs to decide if they want a transactional coin with a stable inexpensive price to facilitate trade, or a speculative instrument. Once we figure that out we can proceed and build the coin. You cannot create both instruments from the same coin.
In the meantime we need to do a few things.
Coined up is the exchange we have we need to use it. Sell some coin, buy some coin, keep the spread tight. If you want to 'donate' your coin so we can get listed somewhere else feel free, but the bang for the buck is on trading the coin from both sides, your risk is small. This helps keep both ideas alive especially the transactional coin because a tight liquid market will reflect true value and build confidence.
If your hoarding the coin, stop mining. Yes another stupid idea, but you will reduce the net hash increasing the reward ratio for those that wish to make a market and provide liquidity. Liquidity drives action.
Mining the coin and putting it under your matress is fine, but the coin just isn't paying for hash with the current reward structure to support hoarders and market makers.
We need to hash out a new block time / reward system, convince the devs and fork the coin. But we need the goals of the coin to do this since a speculative coin would look very different from a transactional coin. The current system is just not designed for the realities of the alt coin market as a whole.
We seem to have a lot of marketing effort here and a few innovative ideas for crypto to fiat exchange. It's exciting for sure!
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You know, what is different between Leafcoin and Klondikecoin. I believe the Leafcoin have a block halvering every month. Klondikecoin had it every 3 months. LeafCoin Klondike coin 1. 1 - 500,000 1. 77 2. 1 - 250,000 2. 77 3. 1 - 125,000 3. 77 (normally but now 16) So what is the difference? It should have been 1. 77 2. 38.5 3. 19.25 But in fact we just modify the reword to do the same as a lot of the other coins. The block reduction bring us on the level like a lot of the other coins.What happened is just a little adjustment, the people that mine the first 2 month received a lot, but on the first month this is for EVERY coin the same so Klondike miners that keep on mining the second month received more coins then when you check it against Leafcoin for example, and now for the third month we are doing the same as Leafcoin. Anybody thought about this  The difficulty of Leafcoin is about 10 with a 60 second block time so the NET HASH is about 715 Mh/s, I didn't check but rough math. Before the fork KDC was only 400 Mh/s with a FORK HYPE spike to just over 600 Mh/s. Since the reward is just a form of payment for network hash FIRST AND FOREMOST any decision to adjust the block reward lower should place the highest weight to the impact to network hash, and the lowest weight to impact of inflation. This is one of those things that is counter intuitive to someone who views the block reward as the 'printing press' and not the 'pay check'. Once you see it as the 'pay check' you start to see the whole landscape differently.You have to have the network hash and coin value in place to support a reward reduction. You can not influence price with reward adjustments, you only distort the price as NET HASH finds equilibrium. Since KDC went from paying roughly 3.8 BTC a day it bought about 450Mh/s. (.008378 BTC/ Mh day) Now it only pays .7 BTC a day and is currenty getting a 'bargain' and buying 130 Mh/s paying only .005317 Mh day. The market rate in the world that is all alt coins for hash power is around .0075 BTC or so per Mh day. Some pay workers more, some pay workers less. Jack, you seem to have a mathematical answer for every issue, so answer this question for me (this doesnt relate to KDC). Why are EAC, Noble, Digibytes prices scraping the bottom now? They are all 3 a miners paradise...easy to mine, none have forked or halved. They have huge block rewards (lots of coin), plenty of NHR. So why Jack are they failing? DGB has been a good coin to mine the past 2 days about .008 BTC for 1 Mh/s day. See the value of the coin is irrelevant all that matters is what is the rate of pay in BTC is for 1 Mh/s over 24 hours.If this rate of pay is fair and consistent you will have a popular coin. This is easiest way to achieve this is with a coin at the lowest possible price and the highest possible block reward that produces the fair market rate for hash power. Nothing magical about it And someone else mentioned DOGE and how its lower in price and that its hash rate hasn't gone anywhere, that's simply not true either as the difficulty (NET HASH) has been cut in half since the halving from 2K to 1K, and DOGE has been pretty consistent earning 10% more per day over LTC. I ts easier for DOGE considering the low price/ high block pay. I don't care much for DOGE or any random reward coin for that matter since it introduces a second variance in the coins mined a day/ Mh. |
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You know, what is different between Leafcoin and Klondikecoin. I believe the Leafcoin have a block halvering every month. Klondikecoin had it every 3 months. LeafCoin Klondike coin 1. 1 - 500,000 1. 77 2. 1 - 250,000 2. 77 3. 1 - 125,000 3. 77 (normally but now 16) So what is the difference? It should have been 1. 77 2. 38.5 3. 19.25 But in fact we just modify the reword to do the same as a lot of the other coins. The block reduction bring us on the level like a lot of the other coins.What happened is just a little adjustment, the people that mine the first 2 month received a lot, but on the first month this is for EVERY coin the same so Klondike miners that keep on mining the second month received more coins then when you check it against Leafcoin for example, and now for the third month we are doing the same as Leafcoin. Anybody thought about this The difficulty of Leafcoin is about 10 with a 60 second block time so the NET HASH is about 715 Mh/s, I didn't check but rough math. Before the fork KDC was only 400 Mh/s with a FORK HYPE spike to just over 600 Mh/s. Since the reward is just a form of payment for network hash FIRST AND FOREMOST any decision to adjust the block reward lower should place the highest weight to the impact to network hash, and the lowest weight to impact of inflation. This is one of those things that is counter intuitive to someone who views the block reward as the 'printing press' and not the 'pay check'. Once you see it as the 'pay check' you start to see the whole landscape differently.You have to have the network hash and coin value in place to support a reward reduction. You can not influence price with reward adjustments, you only distort the price as NET HASH finds equilibrium. Since KDC went from paying roughly 3.8 BTC a day it bought about 450Mh/s. (.008378 BTC/ Mh day) Now it only pays .7 BTC a day and is currenty getting a 'bargain' and buying 130 Mh/s paying only .005317 Mh day. The market rate in the world that is all alt coins for hash power is around .0075 BTC or so per Mh day. Some pay workers more, some pay workers less. |
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What we are trying to do is create nice opportunities for our miners to buy products, to do something with there coins, and this is something that a lot of other coins cannot do.
The marketing opportunities are great! A prepaid VISA card is an awesome idea KDC-> EUR or KDC -> USD in an easy direct way to be rewarded for your mining efforts, so is a STEAM card. So while one hand has done a lot of work providing transaction opportunities for the miners other than exchanging KDC for BTC or other coin which is great, the other hand destroyed the mining potential of the coin by drastically reducing the rate of payment for NET HASH to a level that puts the coins security in jeopardy, and restricts participation to total NET HASH under 100 Mh/s Somehow when ever I try to explain this I am labeled a complainer. Lets not kid ourselves here, nearly every ALT COIN except a few will slide to zero. The price of x coin three months ago versus today is not proof of a 'bear' market that all coins will recover from but rather the slow thinning of the heard that will end as all bubbles do with a crash. Coins have no tangible assets, produce nothing, pay zero dividends, and have zero earnings. There is nothing to create a BULL market outside of speculation and that only plays for so long. To succeed we must live in the realities of the world. In order to survive a coin needs to reward miners the market rate for hash, with a stable price that allows the average person to understand and relate its value. Behavioral Econ calls this ability to relate value of a new concept 'anchoring'. Ideally a coin would have a stable value of .01 USD allowing it to be a digital storage of wealth accessible to the masses who can easily equate value for purpose of exchange. Having said that, realize that before the fork the reward for hash was fair and the value per KDC was .02 USD. So there was plenty of room to run down to .01USD while marketing efforts ramp up. I realize everyone wants to 'get rich' and see the value explode, but price volatility is a bad thing for an exchange currency, but good for a short term pump and dump. Now I'm sure everyone will read this and think I'm crazy because I'm suggesting the coin 'loose' value to .01USD, it may seem counter intuitive but lots of things in the world are. |
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Sorry, but 59 BTC over 70 coins is not really a lot. That is less then 1BTC per coin, we cannot say that this is a lot.... Overall volume (24h) 58.91 BTC 38,976.03 USD 27,735.24 EUR So coinedup is dying Its just filled with a bunch of dead coins aside from 9 or so coins that trade. But ok I'll add 'its the fault of the exchange' to the list of reasons why KDC is loosing relevance. So far I have: 1. Block reward is too high 2. Miners are flooding the market with cheap coin 3. The fork mess created some confusion 4. The pump and dump of other coins 5. KDC is not on the right/enough exchanges I think I'm missing one or two... feel free to add to the list. |
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Look at the price of eKrona https://www.allcoin.com/trade/krn_btc. There is 40 milion total coins, but price reached 30000 sat/KRN. So, we have almost 20 milion total coins, that is to say we can reach 60000 sat/KDC. With this community even more, I think.  Indeed, that is why i always ask to be patient, one day Klondike coin will move higher, don't be silly and sell it at those prices, first of all, it will be very difficult to buy back the coins that you sold and second, come on we have only a market cap of $120K and 33% is already available, so this means that total marketcap is only $360K???!!! I know a lot of coins that don't have anything that has a marketcap that is more then $500K Those coins that 'don't have anything' do have one thing, network hash. A coin with 120Mh/s is just not a reliable store of wealth, or means of speculation. And it will get worse before it gets better since @ current price net hash has to decrease to 85 Mh/s to be as profitable as before fork. These are not my opinions or a guess, it is just the math. Before the fork and fork hype the coin had a non variance adjusted reward of 246KDC/day per Mh/s valued at .008377 BTC/day. This is based on a block rate of 1/min, a reward of 77/block , KDC value of .000034 BTC, and a Net HASH of 247 Mh/s. At the current moment the coins profitability is .004937 BTC/day per Mh. based on 1 min block with 16 reward and net hash of 140 yielding 164 coins @ price of .00003. Of course the daily coin estimates do not figure any discovery variance and your mileage will vary based on your hash/pool distribution and 'luck'. Mate, both you and I know why the price is low. Coinmarket which was the biggest exchange for KDC has been down for 10 days, coinedup is a dead exchange. No coins have big volume there. The price will rise when we hit Mintpal and this will happen soon if we keep voting! CoinedUp may be littered with a bunch of dead coins, but it is far from a dead exchange: https://www.cryptocoincharts.info/v2/markets/show/coinedup |
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Look at the price of eKrona https://www.allcoin.com/trade/krn_btc. There is 40 milion total coins, but price reached 30000 sat/KRN. So, we have almost 20 milion total coins, that is to say we can reach 60000 sat/KDC. With this community even more, I think. Indeed, that is why i always ask to be patient, one day Klondike coin will move higher, don't be silly and sell it at those prices, first of all, it will be very difficult to buy back the coins that you sold and second, come on we have only a market cap of $120K and 33% is already available, so this means that total marketcap is only $360K???!!! I know a lot of coins that don't have anything that has a marketcap that is more then $500K Those coins that 'don't have anything' do have one thing, network hash. A coin with 120Mh/s is just not a reliable store of wealth, or means of speculation. And it will get worse before it gets better since @ current price net hash has to decrease to 85 Mh/s to be as profitable as before fork. These are not my opinions or a guess, it is just the math. Before the fork and fork hype the coin had a non variance adjusted reward of 246KDC/day per Mh/s valued at .008377 BTC/day. This is based on a block rate of 1/min, a reward of 77/block , KDC value of .000034 BTC, and a Net HASH of 247 Mh/s. At the current moment the coins profitability is .004937 BTC/day per Mh. based on 1 min block with 16 reward and net hash of 140 yielding 164 coins @ price of .00003. Of course the daily coin estimates do not figure any discovery variance and your mileage will vary based on your hash/pool distribution and 'luck'. |
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I moved some KDC into SwissCex from Poloniex a day and a half ago and it's still an unconfirmed deposit , don't know what to do.
The problem is from poloniex they seems to have closed their withdraw and deposits for now. DailyModo - Yeah I have a KDC transaction in limbo too involving Poloniex but in the other direction. From CoinedUp --> Poloniex Only about .02BTC worth so I'm not sweating it too bad and I can see the transaction from CoinedUp to the Poloniex wallet in the block chain... I have a ticket open with Poloniex and I'm sure it is a lower priority problem for them at the moment considering their latest security troubles. Opening a ticket with Poloniex will help us all, since the trouble for one is probably the same trouble for all, so please do so. This was my first transaction into or out of Poloniex since the fork so I don't know exactly where the problem is but I'm confident it will be sorted out, and if not I'm out 10 euros / 13 USD or something like that.  I'll keep this thread informed of my progress, please do the same. |
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You're kidding me.... even Klondike coin not listed!!!?  Maybe Mr. Cryptsy didn't check what is happening here...a coin which is dying ? Yeah ofc the coin is dying. New stores pop up every day, new services, developers&community leaders updating everything that is happening and trying to have a good communication with everyone. You whine when devs doesnt update you, you whine when they do, you whine when they don't act and then you whine when they listened to you guys and acted the way you wanted them to. You whine when we get on exchanges and you whine when we don't. Why are people like that doing here? Why not move to another coin? All the stores in the world won't help you when your coin has very low NET HASH (compromising security), and trades with a BID/ASK spread over 50% of the coins value on scarce volume (compromising investment). 'Us people' are still here because we care, and are participating in this experiment the same as you are. We may have lost our rose colored glasses but we care. Some of us understand that until someone with BTC or some form of fiat money is willing to part with it in exchange for KDC the value will not increase. The ability to buy something with KDC that can already be purchased with fiat or BTC adds no value to KDC. Its not even a point to argue! Markets always seek efficiency. exchanging x for y to exchange y for z is just factored to x for z. You cant wish market efficiency away. |
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KDC is on life support here. Great services, just no one to use them. Goes to show that hypes/pump and dumps rule the day.
ETA: and I say this as a holder of 55000 KDC.. unfortunate.
So now its the pump and dump coins that have destroyed KDC? (That everyone in this thread is trying to become a part of BTW) I thought it was the profit miners flooding the market, or the 77 KDC reward causing inflation? No the problem is too many of you believe a low reward per block = higher price. The reward per block serves an entirely different function and that is to support network hash rate, nothing else. You minimize the dillutive impact of the daily reward by striking a balance between reward/hash rate/market liquidity. Now that there are few rewards per day to sell/hoard/speculate with post fork, the marketplace to exchange the coin for BTC looses efficiency increasing the BID/ASK spread and lowering trade volume detracting new money from investing/speculating in the coin which reduces efficiency further, creating a downward spiral feedback loop. As I write this the last trade on CoinedUp: 0.00001538 All the while the meager total award value per day generated by the hash detracts miners and they move on to other coins, go play golf, head to the pub... As the overall hash decreases lower and lower the reward per day is placed in the hands of fewer and fewer miners who slowly realize there are no more buyers of the coin at any price and at some point they capitulate, the coin dies. So until someone decides to hit the undo button and reprogram the coin to have a sustainable, stable, liquid product you might as well pull up a seat and watch the train wreck. Thanks for giving your opinion. Please note that this coin is ONLY 2 months old, this is not a coin created to have a huge pump and then everybody dump it in a few days like happens with AuroraCoin, and what will happen soon with Mazacoin. You can look at it on the other side. YES!!!! KDC just hit 0.00001538, I WILL BUY, what do i have to lose, nothing!!! or you can complain, and complain, and complain. Also, maybe you notice or not, but NOBODY IS SELLING!!!, so the people that are selling, i don't know why they are selling, if you can already use Klondike to buy 3000+ articles then i find that not too bad. I don't know, did you ever watch the bitcoin graphic from 2009 till 2012, and check it now. Give a coin the time to gain popularity. Placebo - I am not attempting to offer my opinion. I am just trying to illustrate free market mechanisms as they relate to KDC. Just before the fork I was not present in these forums since there was nothing to speak up about, and I didn't know this was here. Before the fork the reward for the proof of work was good, the CoinedUp exchange was liquid with a bit of volatility allowing you to participate on both sides of the market and my nearly 2Mh/s total could earn about .013 mining and .01 BTC trading the currency. 'Back then' I didnt event know this forum or thread existed, my introduction to mining was from a family member around Christmas and my first coin was DOGE. I mainly used CoinWarz and the exchanges to find coins to mine after that. I found out about the fork by accident poking around in the forums on the main website late last week, by the time I got here to offer some market insight the fork was unstoppable. KDC cannot be compared to any historical path of BTC, only to that of other ALT-coins for various reasons outside the scope of this reply. If you or anyone else cares about the future of this coin or your hard work you will address these problems as they exist and not try to dismiss those who are contributing energy to the cause with our less then Utopian view of the market landscape. Believe it or not I appreciate your hard work, and want the coin to succeed, but in order for that to happen it must be profitable for someone to mine and trade, and be liquid and stable enough for someone else to choose KDC as a store of wealth which is what a coin is, a storage of wealth. And for what its worth and I understand the challenges, but I really think the condom in a KDC paper 'wallet' would be one of the most innovative marketing items of any coin on the market today!! |
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KDC is on life support here. Great services, just no one to use them. Goes to show that hypes/pump and dumps rule the day.
ETA: and I say this as a holder of 55000 KDC.. unfortunate.
So now its the pump and dump coins that have destroyed KDC? (That everyone in this thread is trying to become a part of BTW) I thought it was the profit miners flooding the market, or the 77 KDC reward causing inflation? No the problem is too many of you believe a low reward per block = higher price. The reward per block serves an entirely different function and that is to support network hash rate, nothing else. You minimize the dillutive impact of the daily reward by striking a balance between reward/hash rate/market liquidity. Now that there are few rewards per day to sell/hoard/speculate with post fork, the marketplace to exchange the coin for BTC looses efficiency increasing the BID/ASK spread and lowering trade volume detracting new money from investing/speculating in the coin which reduces efficiency further, creating a downward spiral feedback loop. As I write this the last trade on CoinedUp: 0.00001538 All the while the meager total award value per day generated by the hash detracts miners and they move on to other coins, go play golf, head to the pub... As the overall hash decreases lower and lower the reward per day is placed in the hands of fewer and fewer miners who slowly realize there are no more buyers of the coin at any price and at some point they capitulate, the coin dies. So until someone decides to hit the undo button and reprogram the coin to have a sustainable, stable, liquid product you might as well pull up a seat and watch the train wreck. |
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looks like the price on coinedup is being driven down by small sell orders for low amounts. If you take a look at the sell orders they are pretty weak with the occasional bump and could quite easily be pumped - my last btc however went into buying up KDC after the fork fix. If you look at coinedup the sells are pretty small and could be eaten up by the smallest of pumps all the way up to 15.5k satoshis where we hit a 9btc wall, sadly pumps don't usually happen on coinedup (I dont think). We really need to push to get on mintpal, once the price of KDC is pumped we should find a new floor at a more reasonable price that will attract more miners and more buyers will take notice of us and it will hopefully snowball from there. About 2 BTC would take us up to the 4btc sell at 8000 sat, just need to be on somewhere like mintpal for that to actually hold   Yes all those sell orders at higher prices than the best BID are driving prices down! The lack of liquidity and market confidence are driving the price down. A pump only leads to a dump leaving someone holding worthless coin. The facts remain that the reward system that is designed to support the network hash which is ecentially the life blood of a crypto coin was destroyed, that destruction will bleed over to the market place. Listing the coin on more and more exchanges is also counterproductive since you just spread a finite pool of buyers and sellers even thinner. It's not as if market participants on Exchange X are unaware of CoinedUp. If you think of a coin as a company, the devs as the executives, and the pools containing all the workers what the fork did was layoff 2/3 of the work force and cut the rate of pay by 80 percent for everyone that is left. When the dust settles in a week the net hash of this coin will be 100Mh or less since the market rate in the coin universe is just under $5 USD/day for 1 Mh/s day. Without reducing the block time or increasing the reward, the coin is just going to slide into the bin. You all can ignore me if you want or claim I am not contributing, but while I'm currently not mining this coin I still have open buy and sell orders supporting higher prices and I'm doing my best to keep this thread mindful of market realities. Markets just to not behave in the way we wish them to, and talking of Pumping the coin further erodes confidence of the coin as a store of wealth. |
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Batcoin is HIGHER then Klondikecoin on coinmarketcap???!!!! Really ridicules, batcoin has nothing to offer, really nothing and they are trading 3.5 times higher then Klondikecoin, pfff Simply because no1 is able to pump it. In order to see the price get higher you need buyer to put high buy orders and sellers to keep selling their orders. KDC is stuck at the same numbers for too long it might actually scare people off. You mean a lack of sell orders at the BID price creates an illiquid market where you have to consider the difficulty of exchange when you are ready to trade it for goods, services, or other stores of wealth? And if that's true is it possible this consideration of the illiquid market is a detractor further decreasing value? |
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I have no problem with the coin. I have some serious questions about the rather misguided direction and decisions that its apparent "leaders" are taking now. It's almost like one hand is trying to apply a bandage to a wound while the other is trying to stab itself in the eye. But hey, who cares about that... OOOH SHINY!
Kheg, you need to take it down a level, mate. You crapped on the fix I made, you crapped on the people adopting it, and now you're crapping on the leadership of the coin. Over what? Creating an official pool? Let them create an official pool. If your pool, hell even my pool, is as good as we pride ourselves on making it, then what worries should we have if an "official" pool goes live? We all get our chunk, and we all contribute. However, since the fork, the only thing I've seen you contribute is FUD and snide remarks. If you don't want to be a part of the community, and a productive part of the community at that, then go away. Shut down your KDC pool and let the community work on strengthening the coin network, and in turn the coin's future. Stop belittling the effort of others to make something of the coin, and in turn themselves. -Fuse Not that I'm taking sides, but a pool 'owner' 'fixing' a block chain in the absence of the dev team then telling people to join your fork regardless of your intentions raised every security hair on my neck the other night. Just like any healthy market this community needs people who have a contrarian view to things especially if they jeopardize the coins value or security. Don't hate us embrace us! |
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The reward reduction will not improve price, only deter net hash. The absence of sellers dries up liquidity and reduces the efficiency of speculation dollars further driving down price. And to all of you who think the coin is so cheap please buy some. I have some standing orders around .00006 I'd like to get filled at that price Well this seems a bit contradictory to me. You are telling us the price will go down, maybe to zero and you put your sell orders at .00006. If you were so persuaded to be right, you should sell them quick before the price goes down, wouldn't you? I've got sell orders from .00004999 to .00008 and buy orders under .00004. You see I help this coin by doing what needs to be done, before the fork that was providing hash rate and making a market. I am no longer being fairly paid to provide hash rate so I don't, but I'm still making a market. If you suspend you passion for this or any other alt coin for a second perhaps you would begin to see the relationship of reward / net hash rate, the markets the coins compete in with each other, and the market of the individual coin itself. The kiss of death for KDC is the drop in block reward, this reward does not sustain a large enough hash rate. You can't hoard a coin creating an illiquid market and expect someone buy it. If you think the coin is undervalued get on CoinedUp and put in some BIDS! Liquid markets with tight BID/ASK spreads inspire more confidence than anything else. It's a universal market truth. |
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there is a lot of things to buy from there. wow what more do we need to have a better coin price?  Number of coins creation has been reduced massively. Number of websites using Klondike has been skyrocketing. DEV is working on their own exchange where you can buy and sell coins using KDC coins. I believe the only thing we need more is a little more community activity on twitter. and i would suggest all our miners/followers to inform their friends and family, maybe they are also interesting in a few coins. As i said, the current market value of KDC is only $200K so if you have 1000 people owning AND holding $200 KDC coins then there is nothing available anymore, and prices will automatically move higher The reward reduction will not improve price, only deter net hash. The absence of sellers dries up liquidity and reduces the efficiency of speculation dollars further driving down price. You can't hoard your way to prosperity you will only dry up the exchange market depressing price since any illiquid assets is a poor store of wealth. Being able to purchase goods with mined coins does not create demand for the coin unless the purchase method is exclusively the coin and the product is in demand. If purchases are made with mined coin, it creates a sell order to BTC since the goods or service provider needs to be paid. It amazes me how everyone suspends the principles of free markets when they get bitten by the crypto coin bug! When the dust settles only a few coins will be left and all others will go to zero. It is in the best interest of the KDC community to ensure a liquid market and a healthy hash rate. If you don't believe me look around at Cryptsy or CoinedUp those exchanges are littered with coins that have no trading volume. And to all of you who think the coin is so cheap please buy some. I have some standing orders around .00006 I'd like to get filled at that price |
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Now thats something you could market. is the Klondom wrapper also a paper wallet?? Seriously perfect exposure to the coin a paper Klondike wallet with a few coins loaded on it and a condom inside!!!!! This is a great SWAG marketing concept!!! |
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Placebo - with all due respect the effort to mine a coin does not set the price so none of this is predictive of the future price:
"About KDC, when you check that you can only mine 100KDC per 1000Kh/s per day and my rule (before the bear market was) 1000kh/s = $8 then it means that 100KDC = $8 or lets say 100KDC = 0.01BTC (to make it easy) so 1KDC = 0.00010000 and now we are trading at 0.00004800 so a little discount of 50%."
It could take $5 worth of effort to mine (n) number of coins in a day and if the highest bidder only was willing to pay $1 for all that effort that is the price.
On the supply side few people will be willing to sell for less then the cost of work, or the fair market value for that work against other coins. Out of this two sided behavior a market is born.
In a sense all the reward reduction did was reduce the sustainable network hash rate of the coin, it will not increase the supply of bidders or the amount they are willing to pay. Just asking for a higher price will not generate a trade and the market will dry up as the spread widens.
Maybe you're right, maybe you're not. Before the fork was announced KDC was trading at 3500, now we hit 6000 yesterday and today 5000, so indirectly the fork already increase the price. But of course just changing the structure is not helping the future of KDC, what is helping the future of KDC is 1. Added to coinpayments.net 2. kdcgoods.com website 3. cryptogamecode website 4. Hostdab, and other websites allowing KDC as payment method. 4. New website In progress: 1. New KDC exchange 2. Manymore This is a LOT more important then the fork. The fork WAS NEEDED to decrease the deflation (or in fact inflation of coins) and to get the dumpers out of the system. Now 80% of the people that are mining KDC at the moment are believer of KDC, long term believers. Also the KDC has been increased a lot, in fact it almost doubled. New marketing leader, some other people added to the KDC team. KDC has changed from a quiet coin to a active coin. As i'm sure that you also need to admit that the results of the last few weeks is impressive. Yes the last few weeks have been impressive, but please remember no one is dumping coin! We don't provide hash rate at a discount. We all want the highest possible price! Be aware that an 'exclusive' club of 'hoarders' will not attract bidders and higher prices, but rather chase them away as market liquidity in KDC dries up and ALT COIN money seeks more transparent liquid markets. There is no magic in alt coins just speculative and or illicit dollars on one side and processing power on the other. That's it. I'm still looking for the explanation of why someone who does not mine KDC would be persuaded to exchange BTC, USD, EUR, whatever for KDC so they could buy something they can already purchse at the same place with the currency they already hold. Because we have an awesome gamestore, we have a store where you can buy stickers, t-shirts, giftcards (steam, amazon and gamestop. Hopefully EA-games too soon) and condoms for god sake! Not a lot of alt coins has this, do they? What about Lottocoin, Casinocoin, MINT, TOP, Peng, Corgi, LEAF, RIC and Vert... Do they have stores like this? I know Lotto, csc, mint, peng and LEAF doesn't at least. We do. These stores won't get KDC up to $1 tomorrow or next week, but in a month or two. That's why people should invest in KDC. Why is Auroracoin trading so high? Why is Doge so big? You could buy the things you buy with Doge, with your BTC... right? BTC doesn't have a developer, alt-coins does. KDC has great ones and we have a great community. Yes the community is awesome and its cool you can mine a $20 GBP amazon card. And I have much respect for those who dedicate time and effort to the pursuit. But again considering the general public who does not mine KDC why wouldn't I just purchase a $20 card down the corner with the cash in my pocket? As a crypto coin you can only attract speculative dollars, paranoid dollars, and illicit dollars. Grandma will not give you her dollars. |
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