Show Posts
Wow, silence from the dev! So shocked.
How about you address the following:
"dev fund is a must for continued development and bounties."
There has been no development or bounties for months, how can we be GUARANTEED that this will change?!
"algo and coin supply changes"
why aren't you just making a different coin?!?!?!?!
"10:1 supply cut"
1. There's not enough interest in the coin for the price to go up 10x at announcement... see current market conditions.
2. 15-20million is an appropriate amount of coins for proper circulation, SEE: BITCOIN.
3. This coin already has extremely poor distribution, this will further centralize the few people willing to hold this coin.
4. Bad marketing. There aren't enough people that know about exclusivecoin for it to matter to them that that the coin supply is being decimated.
5. Offer to "sell if you don't like the changes" but THERE IS NO VOLUME ON THIS COIN'S MARKET
How about you address the following:
"dev fund is a must for continued development and bounties."
There has been no development or bounties for months, how can we be GUARANTEED that this will change?!
"algo and coin supply changes"
why aren't you just making a different coin?!?!?!?!
"10:1 supply cut"
1. There's not enough interest in the coin for the price to go up 10x at announcement... see current market conditions.
2. 15-20million is an appropriate amount of coins for proper circulation, SEE: BITCOIN.
3. This coin already has extremely poor distribution, this will further centralize the few people willing to hold this coin.
4. Bad marketing. There aren't enough people that know about exclusivecoin for it to matter to them that that the coin supply is being decimated.
5. Offer to "sell if you don't like the changes" but THERE IS NO VOLUME ON THIS COIN'S MARKET
Not enough coin in circulation since you own most of it, not enough volume but you manipulated the volume.
The price automatically goes up 10x when you do a 10:1 split. If it was worth .00000200 before the split then it will be .00002000 after the split. No loss of value at all. If there is less coin in existence it would be more rare and anyone participating in the coin would drive the price up. You don't have to mimic Bitcoin to have a successful coin. If there is a marketcap that sustains purchases it will be viable.No one said that >there's not enough coin in circulation. That's you. But your logic in that makes 0 sense. >not enough coin in circulation since you own most of it...So we reduce that supply further, by 90%?!?!?!?!
>The price automatically goes up 10x when you do a 10:1 split.
No, the price is set by the market. "Market value". The total coin supply has a lot to do with this, but it's not the only variable to take into account. How well the coin is known, how many people trade it, what the reputation of the coin is after a big change like this (looking to be really a horrible reputation), etc. I can come up with many more reasons if you'd like. Which brings us back to... you have a teeny brain made of cockflesh if you think that a 10:1 split means a 10x increase in price
>You don't have to mimic bitcoin to have a successful coin.
*Sigh* /facepalm
The coins that most closely resemble bitcoin.. in the bitcoin/litecoin alt coin space, are the ones that are the most successful. Take a look at Coinmarketcap. 50 of the top 100 are almost exact clones of Bitcoin or Litecoin.
>If there is a market cap that sustains purchases it will be viable
Yes. Exactly. You are 100% correct. My point is that there is no market cap to sustain purchases. Price slide is the market cap, they own over 25% of the coin. The simple fact that Bittrex and kingscrown would execute this scam without consulting the largest holder of the coin is despicable.
