Bitcoin Forum
July 25, 2024, 01:29:07 PM *
News: Help 1Dq create 15th anniversary forum artwork.
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PROC]---ProCurrency---| Pro Rewards |Wallets Released~ on: January 28, 2018, 11:36:28 PM
I’m amazed by the analysis posted on this page. There’re a handful of posts that demonstrated theories about PROC and went at length investigating, analyzing, criticizing, advising... etc. to the conclusion that PROC is a scam.

And I’m all ears, clearly the posts above have valid points to be looked at. Yet, the only thing that strikes me is that the referred posts above are all from new registered users. It’s like their one and only purpose to register at this forum is to bash PROC, or open our eyes one could say.

Hmm...

I'm holding a small bag and would love to see whether or not my concerns are addressed so I can decide whether to keep holding or move on to another opportunity. I see red flags as well as potential, just trying to analyze the risk/reward.
2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PROC]---ProCurrency---| Pro Rewards |Wallets Released~ on: January 28, 2018, 02:33:58 AM
Help me understand a bit. So the coin is entirely premined and the plan is to use the premined coin as a currency on their platform? Correct me if I'm wrong with either of those assumptions.

My concern in the token as an investment is that the procurrency market cap can increase independently of the coin's price by issuing new coins. Look at November 12th in this chart (https://coinmarketcap.com/currencies/procurrency/), the market cap went almost 10x overnight while the token price did roughly 2x before settling right around where it started before the influx of new coins.

Also, as the coin is entirely premined, the owners will be able to initiate inflation seemingly whenever they choose in order to keep the price of the token down in order to demonstrate "value" to the consumer. Nobody would like to see the 20 token item that they just added to their cart actually cost $40 when they go to check-out.

How is the Procurrency team protecting investors in the coin? Or is the companies larger focus on the platform where they will see sales and ad revenue?

Thanks,

--
Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!