well, the so called whales and autosells.... might be happening because of pos.

i am interested in the general nature of POS coins and i see dangers of having pure POS with such high levels of interest.

exchanges have the same wallet.

exchanges are there to make a profit.

every coin on an exchange accounts for minting coins.

imagine cryptsy having 3-7 billion.

how much coins would you think that would generate for them?

do you think they hold their coins, or do you think they sell them.

you answer that question.

they dont care about mint.

mint will loose much support if price goes below 5.

everyone withdraw amount from cryptsy. they might be autoselling minted coins from their hot- and cold wallets.

ever considered cryptsy is playing as well?

no, 2 is the target. give it time. we will get there. only 15 btc.

and it will go below 10.... told ya.

probably some bagholder is autoselling minted coins.

and it happens actually faster then expected....

why do you think its a person? looks more like a trading engine/bot/minting-autosell-pool to me.

very familiar to what i have seen on other coins.

yes, i have better things to do. bye.

you will see buys at 15 reappearing at sell 16.

tomorrow you will see buys at 14 reappearing at sell 15

and so on.

that is a likely scenario.

the downtrend is there. sell pressure is there.

unless someone weeds out the sell pressure.

it will go down.

the multipool is no match for the sell pressure. currently.

imho

its not. sorry.

it will crash further. the multipool idea is not wise.

you feed whales on 2 sides.

maybe... it can be a large bagholder that uses minted coins -> autosell. ( arms race? )

examine all addresses in the chain.

i think its a good idea, dont get me wrong.... what i am scared for is that this becomes a defacto standard that will hurt BTC..

we need a stable, high priced btc.

everything is linked to it.

what might happen is this:

"people" ( trade engines ) put buy orders at 17 and put earns at 18 sell.

coin will get stuck at price level.

since the lower the price, the more profit flipping coins like this.

price will be pushed down further.

you will see.

i think the downward trend is unstoppable if whales decide it must go down.

by launching the multipools you are actually doing THEM a favor.

you make it more interesting since there is a constant supply of btc ( buy ) and mint ( sell ). a loop.

thank you

you are forgetting here that mintcoin is linked to btc and that you are "dumping" btc.

so maybe the price of mint will go up... if this becomes a standard, the price of btc will go down.

bubble: *poof*

if this becomes a defacto standard its over for all pos and pow coins. also btc will be pushed down. i seen talks.... its bad for all markets

you will see.

NO! not true. you are destroying others profits on other coins. this will make mint look bad.

investors will dump since there are many other coins that have genuine legit purposes and actual use.

you all think short term.

fuck the pool.

make services, use for coin.

not this BS.

sorry, i am not going to mine this and help you destroy other coins.

this will be ddosed soon.

you will get a lot of angry coin owners.

lol

i am gonna dump mint soon.

you will see what i mean.

a coin trying to destroy other coins? while having 20% interest rate.

IF this takes of. the interest rate is too high.