No its parallel thinking. Why can't you increase exposure/usage while halving? They are two unrelated items. The block halving requires little to no focus, just some minor code changes. I can guarantee the dev's aren't sitting there thinking about halving the coin all day long like we are.
Because halving is not a solution to the problem POT is having. It's a blind attempt at trying to control the coin's dynamics. And with who's suggestion? I see a lot of people here stating that they aren't for the block halving, especially not 4 times a year. Most of these people senior members who have been around since well before the alt explosion of '13. People who have seen changes like this destroy better coins. You don't change horses midstream. Halving the coin 4 times a year is going to drive miners away unless you have an equally proportionate rise in coin price. The fact that the dev himself said "there aren't enough uses for the coin" just proves my comment of backwards thinking. Stop trying to manipulate supply and demand. Just create demand. Honest demand, not manipulated demand. -Fuse Nobody said it was a solution. They are halving the coin because it needs to be done. All 420 million coins mined in a year of existence is too fast. Somewhere along the line people got it mixed it up that halving the coin was about the price and manipulating the market |
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I'm not really sure why people are upset about a halving...increasing scarcity is important for the value of a coin. If it never becomes harder to obtain, it'll never really gain significant value. I'm assuming there's a healthy split here between people who are speculating and want the value to go up, and people who want the coin to achieve widespread use in the medicinal marijuana community. Both should want the value to increase. Overabundance of supply and lack of demand will cause the value to slide downward.
When less new coin is mined and dumped on the markets, there will be less available to trade and the value of what IS being traded will rise, IF demand increases beyond the new supply. That demand is largely up to users to create. I see a lot of folks in this thread talking about how the developer needs to do this or that. No...it's up to you to request it and promote it. Ask your dispensaries if they'd consider taking it as payment. Educate them about it. Don't leave it all up to the devs...they have enough on their plate.
Right, except of focusing on increasing use, we're saying let's limit supply. Without use, there is no demand. Reducing supply when there is no demand is pointless. Again... backwards thinking. -Fuse No its parallel thinking. Why can't you increase exposure/usage while halving? They are two unrelated items. The block halving requires little to no focus, just some minor code changes. I can guarantee the dev's aren't sitting there thinking about halving the coin all day long like we are. |
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Block halving, are you guys that stupid?
PotCoin, you didn't ask a single damn member in this thread since you first mentioned it when the network was under attack a few weeks ago. You claim you polled the community? Who? Your majority hashrate is sitting silently in this thread. Did you ask us privately? When you mentioned it, several of us immediately responded against that idea.
Everytime a coin halves, there's a pump prior and then a dump, and then your coin turns into a corpse. Find me a coin which hasn't died from halving, out of the tens of them you'll find maybe a couple, which simply died a slow death later (KDC). Several died just last week from halving. KDC died a slow death and it had MORE uses than potcoin, so keep that in the back of your mind.
Anyone wanting block halving fails to understand the problem -- it's NOT volume. The problem is you have no USES for the coin. People are thinking "supply/demand" for the coin price, but that has nothing to do with it--it's usage.
I've poked on you guys about this constantly. You STILL DONT HAVE a "use potcoins" link on the website, despite saying you needed to get one up and that it would be really easy. Why is that?
I'm sure many others feel this way, and have the same thought I do: we'll pump it up before the halving and dump the coin 6' under and walk away with some profits, like has happened with almost every other halving. Then your network will suffer from attacks and forks, and you can enjoy that mess. So definitely, please do halve it. I can't wait to make bank off of your idea.
Or. You could not be so silly, and not change the halving, and WORK on getting USES for the coin.
Weren't you the one who just 2 weeks ago said that you believe it'll be worth $1 per coin or more in a year, and that you suggested folks just hold onto it until then? This kindof goes against that doesn't it? It just really sounds like you don't have a business plan, and/or you have no clue what you're doing. You're reactionary when you don't need to be.
I hate to say it, but you seem half baked in your execution.
We all know usage is a must. Nobody is saying its not important. But coin supply is growing too fast. You and your miners are thinking far too short term. Where are you going to be next year when mining is all but finished because the coin supply is maxed out? Are you going to take a loss on mining for the good of the network? I doubt it. You'll point your miners someplace else. Stop staring at daily market prices and think about what the coin needs instead. We have to give miners an incentive to mine not just today and tomorrow, but 5, 10 years from now too. Otherwise what are we building here? The price gets pumped before every halving because traders speculate on the price. And many miners dump their coins when the speculators push it too high. Its natural market progression. It happened with Bitcoin, and it will happen with Litecoin too. The point is, that after the halving you can't just sit idle and expect people to join. The coin needs to grow and you have to give people a reason to grow it. |
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Look around block 234897. Does POT use KGW? Looks like a timewarp attack. Notice block 234894 go back in time then two hours between block 234897 and 234898.  Yes KGW is implemented. Timewarp attacks artificially reduce the difficulty so that somebody with a lot of power can mine a lot of coins at low difficulty. The number you quoted was too high. We would see something like difficulty 1 or 5 or something else low. A couple of large multipools could have jumped on simultaneously, solved some blocks and jumped off when KGW shot the difficulty up. Without their added hash power it took 2 hours for the next block to be solved by a smaller pool. |
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What's up with the diff and network hashrate right now?
Hashrate 1.56TH/s
Difficulty 14500
Timewarp?
I don't see what you are talking about? 1.56 th/s seems like a lot, even for the new asics though. I saw this a few hours after he posted. Net Hashrate was < 3 Gh/s at the time |
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Past 30 hours my 5.2MH blade has only been putting out 2600MH.
No reply to my ticket.
They're too busy over there deleting posts and PM battling me to respond to you. Give it a few days and see if they make any attempt to reconcile with you. They keep going on and on about their customer service right? So far I haven't been impressed. They just re-sell other people's hardware. When they screwed up with their recent orders they blamed gridseed. They call it being transparent. I call it playing the blame game because they made a bad business decision. I hope you don't mind me plugging my own thread here since we seem to have a similar opinion on the subject: https://bitcointalk.org/index.php?topic=537912.0I haven't been following GAW much lately but read some of their crap about Gridseed price drops etc. What a clusterfcuk  . They introduced their "own" hardware (rebranded Zeus apparently) for a significantly lower price than Gridseed products. Reneged on the "price protection" offer for founders saying this is a different manufacturer now, so no protection. Gridseed reacted - not just to GAW but others too probably - by matching their pricing, and GAW are trying to turn this into a propaganda campaign. Sad thing is a lot of people actually believe this good buy / bad guy nonsense. There are no good guys in this game. Hardware makers and resellers will always charge you the highest price they can get away with. One reseller claiming to be different only means that they are lying more than most. Yeah, I'm grumpy, can't get my hosted blades out of GAW soon enough, eejits can't keep them running at full speed even after they "built new data center" or whatever the latest excuse was. Didn't realize your thread existed, I would have posted this there if I did. But yes that's more or less what I thought was going on. When they told me they had new units in house and hashing (still no pics/proof btw), I knew they had just changed suppliers. They are in no way a development company. Its just sad that they tell everybody how truthful and transparent they are. |
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Halve the coin because if we don't, by this time next year all 420 million coins will be in circulation. Lets see how many miners stick around when they are only making transaction fees.
That's a viable reason, but I still don't think it's worth killing the coin for right now. If you want control the flow of coins, extend the time between blocks and/or increase the difficulty calculation. Halving the rewards 4 times a year will make this coin worthless to mine in 3 months time if there isn't a load of new ways to spend the coin. Every time the reward halves, you would have to have a proportionate increase in price to keep people mining it. Sure you have the true believers, but in the end, we're all here to turn a worthless internet coin into something we can use to buy shit with. Whether that coin is BTC, LTC, DOGE, POT... whatever. It has to be worth mining, aka profitable. If the coin has no rewards for mining, i am not wasting my time. Anyone who thinks transaction fees are enough to keep miners on the coins with TONS of new coins being released every day, they ain't the sharpest tool in the shed.
My point exactly. How can you argue for block halving 4 times a year and still say this? Do you honestly think the price will keep up with the reduced rewards, when the potcoin himself is saying "there's not enough uses for it"? Put the joint down, people... time to sober up a minute and think straight. -Fuse Reduced miner rewards increase scarcity. Price will go up because they are harder to obtain. But this premise is completely dependent on the coin having a demand. People have to be buying the coin to create demand. So we are back to the same issue as before...how do we create more usage? That being said...halving 4 times in a year is still probably overkill... Edit: And I just want to add...the price really doesn't matter too much at this point. Its still just a 4 month old coin. If you are mining just stuff the coins in your wallet for now and wait. |
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I was strongly against halving the coin before 4/20. I felt it would be very unfair to those who were just hearing about it then.
Everyone acts like they KNOW what will happen. No one knows for certain. We all look at the same data and extrapolate from it what we will.
At the current moment, I am for the halving of potcoin.
With the recent rush of the Asics for scrypt, i think the halving will provide longer term motivation for people to continue mining Potcoin.
I do not think the devs are doing it hoping the price will rise (or fall for that matter). It is much more long term.
In all honesty, i can't see it hurting the coin or dropping the price any lower than it currently is. The price has been ridiculously low as of late, sure shit could always go worse, but then no one would mine the coin.
What reasons are there to NOT halve the coin now?
How does halving the coin promote long term mining in relation to ASICs? What do the two have to do with each other? If the people with ASICs want to mine potcoin, they are going to mine potcoin. But they aren't going to mine if it's less profitable than all the other coins. So not only will it become extremely unprofitable for GPU miners, but ASIC miners will ditch it as well because they turn a better profit with something else. When they jump ship, you lose a large portion of your network hash rate. I'm still waiting to hear one good reason that the coin should halve it's reward. If you halve the coin, I guarantee that you're going to see things get worse in terms of price and network hashrate. But you guys do whatever you want.  -Fuse Halve the coin because if we don't, by this time next year all 420 million coins will be in circulation. Lets see how many miners stick around when they are only making transaction fees. |
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Update on river rock
Our Colorado Ambassador Russel thomas is going to be meeting john the ceo on tuesday at the dispensary to discuss where the ATM will go and how we will secure it - we will also be placing our big pop potcoin banners next to the atm.
We hope to have the first ATM at the main river rock location by the end of next week, we will should no tho by Wednesday.
We are very excited about this and we will be doing A formal press release in conjunction with river rock medical and combine forces to do a good social media push together.
We have been also getting lots of people filling out of merchant on the website and we look forward to getting them accepting potcoins and getting them listed on smokepotcoins and potcoinme
Don't you think its quite important to stabilize the exchange rate if you want to exchange fiat for POT at your ATMs? And provide some liquidity in a certain price range? I think the price has been incredibly stable of late. Only minor fluctuations Between 800 and 1000 satoshi. Maybe you just don't think its high enough? There is only marginal volume and interest in the coin. With a couple of 100 BTC you could manipulate the exchange rate to your liking in minutes. This is a bad foundation for a currency in general. Without any intervention I only see it declining further, due to the crazy amount of coins already available, and the amount of coins mined daily. As I mentioned before, I think sticking to Scrypt was a major mistake... but there seems to be a private internal interest in doing so, what to say. This coin is directed at a pretty niche market. I think you can expect volume to be lower simply because fewer people are using the coin. As for intervention...I'm not of the belief we should intervene in a free market. The price is what it is. Changing the algorithm was not going to do much, but halving the coin certainly will. You can expect a spike in volume and price right before the halving. Ah really? The DOGE experience tells us a different story. Halving supply meant halving the exchange rate. Thats your plan? Great outlook! I'll dump this coin on the next leg up. You got a good idea and seem to work on it, but as for real world applications you're stoner delusional. If you are not intervening, somebody else will, to their liking, and do with your coin however they feel suit. And I bet you will intervene, alone to compensate for the ATMs and to the people running them. Can't wait for the next big pump to occur. And sure its too late now to change the algo. If you'd had done it early, you'd have much better control of the supply now. Dogecoin comparisons, really? Dogecoin collapsed because its growth was rampant. The price skyrocketed right before the halving (Feb 14th). Or did you forget?  What would changing the algorithm do? Please tell me. You must be another fool who bought $400 GPUs and doesn't want to take a loss on them. |
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Past 30 hours my 5.2MH blade has only been putting out 2600MH.
No reply to my ticket.
They're too busy over there deleting posts and PM battling me to respond to you. Give it a few days and see if they make any attempt to reconcile with you. They keep going on and on about their customer service right? So far I haven't been impressed. They just re-sell other people's hardware. When they screwed up with their recent orders they blamed gridseed. They call it being transparent. I call it playing the blame game because they made a bad business decision. |
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Update on river rock
Our Colorado Ambassador Russel thomas is going to be meeting john the ceo on tuesday at the dispensary to discuss where the ATM will go and how we will secure it - we will also be placing our big pop potcoin banners next to the atm.
We hope to have the first ATM at the main river rock location by the end of next week, we will should no tho by Wednesday.
We are very excited about this and we will be doing A formal press release in conjunction with river rock medical and combine forces to do a good social media push together.
We have been also getting lots of people filling out of merchant on the website and we look forward to getting them accepting potcoins and getting them listed on smokepotcoins and potcoinme
Don't you think its quite important to stabilize the exchange rate if you want to exchange fiat for POT at your ATMs? And provide some liquidity in a certain price range? I think the price has been incredibly stable of late. Only minor fluctuations Between 800 and 1000 satoshi. Maybe you just don't think its high enough? There is only marginal volume and interest in the coin. With a couple of 100 BTC you could manipulate the exchange rate to your liking in minutes. This is a bad foundation for a currency in general. Without any intervention I only see it declining further, due to the crazy amount of coins already available, and the amount of coins mined daily. As I mentioned before, I think sticking to Scrypt was a major mistake... but there seems to be a private internal interest in doing so, what to say. This coin is directed at a pretty niche market. I think you can expect volume to be lower simply because fewer people are using the coin. As for intervention...I'm not of the belief we should intervene in a free market. The price is what it is. Changing the algorithm was not going to do much, but halving the coin certainly will. You can expect a spike in volume and price right before the halving. |
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Update on river rock
Our Colorado Ambassador Russel thomas is going to be meeting john the ceo on tuesday at the dispensary to discuss where the ATM will go and how we will secure it - we will also be placing our big pop potcoin banners next to the atm.
We hope to have the first ATM at the main river rock location by the end of next week, we will should no tho by Wednesday.
We are very excited about this and we will be doing A formal press release in conjunction with river rock medical and combine forces to do a good social media push together.
We have been also getting lots of people filling out of merchant on the website and we look forward to getting them accepting potcoins and getting them listed on smokepotcoins and potcoinme
Don't you think its quite important to stabilize the exchange rate if you want to exchange fiat for POT at your ATMs? And provide some liquidity in a certain price range? I think the price has been incredibly stable of late. Only minor fluctuations Between 800 and 1000 satoshi. Maybe you just don't think its high enough? |
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So I feel the need to post this simply because a number of my posts have gotten deleted by GAWMiners. The guys who tout their transparency but quietly censor everything that isn't positive. I originally posted this (which was ignored and promptly deleted when I asked why it was ignored) : I think anybody looking to invest in the new scrypt miners from GAW should read this: http://www.cryptocoinsnews.com/news/gawminers-ceo-josh-garza-got-bitcoin-scrypt-mining-asic/2014/05/06Its mostly about their CEO and his path, but he says something very interesting: "For example, a company I spoke to a few days ago is an ASIC company that makes a new Scrypt product yet to be released in Q3 to Q4. Great company, great product, great group of guys, very innovative but in no hurry. They have x amount of $ in seed money, and no one knows their product and brand. I approached them and said what if I could raise a million dollars in pre-orders for your product how would that move up your timetable? The guy was like ?I can move my time table up two months" This article was posted on May 6th. The new scrypt miners from GAW were posted here and here on May 3rd. Seems fairly obvious where these miners are coming from. GAW is not producing them, just funding the development with pre-order money raised on their website. I think some more transparency from GAW regarding their new partner is in order. After several more posts were deleted (not all of them mine) I questioned via PM whether they had working prototypes. GAW responded by PM with this: That means nothing. You make a million dollar out of pocket payment to said company. Then raise "pre-order" money for new product. The "pre-order" money never leaves your bank but only because the payment was already made. Pre-order money is just balancing your books.
You could very well be re-paying your investment with customer's money. not sure which is worse.
If you are a month away from shipping you have to have a working prototype. If its being developed in house how could you not? Otherwise there is no proof of concept and you could be funding garbage.
Yes, we have units already in house and hashing awayMy response? Well naturally I posted the PM directly to their thread. If they have working units, hashing today, where is the proof? Not one picture? Why tell me over PM but not their own customers? Meanwhile, they continue to take "pre-order" money for miners they just told me already exist!! Red Flag? I say yes. Tread carefully if you are looking to buy these new scrypt miners. And let me be clear, I have no problem with the rest of their business as a hosting service and gridseed re-sellers. I am skeptical of their branded scrypt miners and the proposed ship dates. And I highly doubt they developed these themselves. The company is 2 months old and has never developed their own product before. |
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We just finished this one up this weekend, and will be offering custom engraved pieces as well! Information Located here: http://pixskull.com/?p=3481 Entered Used Coinpayments for the second time...I have to say I like the service. |
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Legal marijuana is a multi-Billion dollar industry and this was always going to happen that banks and credit card agencies would find a way in. It changes very little in that most people buying pot do not want to put a charge on their credit card that documents a transaction that is federally illegal. Retail outlets do not want their money in banks under federal oversight when anything with pot, even selling pipes is considered a federal crime (The feds put Tommy Chong in federal prison for nine months and fined him $20,000 for selling blown glass bongs). Likewise growers want anonymity not credit cards payments leading to bank transfers and records that for all we know are monitored by NSA. In states with legal medical marijuana there are few if any protections for growers, distributors, or drivers. Here is a Washington Post article from earlier this week about the federal government seizing the bank account of a perfectly legal grocery store: http://www.washingtonpost.com/opinions/george-f-will-the-heavy-hand-of-the-irs/2014/04/30/7a56ca9e-cfc5-11e3-a6b1-45c4dffb85a6_story.html -- imagine what could happen to a dispensary or retail outlet that is conducting business, the feds consider illegal, if that business put their money in a bank under federal oversight? The vast majority of the legal marijuana business is still going to want an anonymous payment system, and cash while anonymous, is problematic. Potcoins offer fast, secure, anonymous payments where you don't have to even meet with the other party to make or receive payments. You make many assumptions which are likely untrue. The assumption that people would not want to use their credit cards is unfounded as many many people buy from dispensaries with their debit cards today. The assumption that regulated retailers don't want a bank account or that these people don't trust banks is absurd. A simple conversation or review of major press indicates that dispensary owners are BEGGING for bank accounts. The notion that growers are afraid of the NSA is folly, you may be afraid of the NSA but those of us in the industry don't give a rats ass about the NSA. Then you throw in a story about some guy having his bank account seized and that makes what point? So back to MY point... it looks like the banking problem has been solved. So where is the value in potcoin at this point? Isn't this exactly what potcoin was looking to solve? They just put two atm's in Denver, right? How many accounts have they won? Any? A single one? no? Then why is anyone supporting this non-sense coin that solves no known problem? Right before leaving denver i was with the river rock guys talking about potcoin and how it would help them. They told me the day before they had one of their bank accounts closed after a while of having it. They told me that they are still facing major issues and also mainly the paying of taxes on employes who work at the dispensary who they have to pay 30 percent in taxes because of the law of cannabis distribution. If they can use potcoins to pay for their salary then they would be saving those taxes. It can also be used as a reward system for dispenaries to give potcoins out to customers. We are planing to give all dispensaries who accept potcoin a bunch of free coins to start to.give them away to clients and getting them to used to using them. Just because mediswipe offers 1 solution doesnt mean potcoin is now useless.. People have 4 or 5 credit cards or debit cards. Merchants can accept multiple methods of payment. Potcoin is working on a few ways to pay merchants, exployes and bills. We are working directly with dispensaries to see how potcoin can help them and make solutions to help them be more secure and facilitate the daily transactions. I waited at most dispensaries to get cash from the atm then again in line to pay. Potcoin is way easier i find. Viceroy id like to know what you think about better solutions. Hey Smokemon I proposed a rewards type of system awhile ago when the coin was just getting off the ground. The basic idea was merchants/dispensaries/whoever gives out Potcoin as a "rewards" type of promotion for buying products at their stores. It gets into circulation, into the hands of people who would actually turn around and use the coin. Not just dump them on the market...well hopefully. Anyway just thought I would bring it up again...might be a good way to approach dispensaries about the coin. |
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Everyone does realize that you can use POT on many different websites to purchase everything from shoes and sunglasses to pipes. If you say what is the point of this coin when banks are allowing debit/CC or there is mediswipe, then what is the point of having BTC or DOGE. The whole point of POT is to make it cheaper for not only dispensaries but head shops and online retailers. They use this coin and save on fees from credit card companies. If you think this coin is pointless why are you getting involved with the forums. Move on to something that you feel makes since to you!!
Everyone has to know for the Crypto world to become a huge success and viable for every retailer in the world to use, there will have to be some sort of regulation by governments and some sort of tax. Otherwise it will all end up in the gutter. If there is no regulation or taxation then most govts will ban it and then most retailers at least most legit retailers will not accept crypto coins. It is all a work in progress that will be a huge success in the coming years. Everyone should use their coins as often as possible to promote this world.
This is my opinion. Peace
That's what I've been saying more or less. Spend your coins  And you're right Potcoin can be used for many other things. But the reality is, only the marijuana industry is going to popularize the coin. Normal people are not going to use Potcoin in their daily lives. Thats what Bitcoin, Litecoin, etc are for. I imagine at some point in the future the average person will have multiple wallets, or even one integrated wallet that supports many coins. We are at a point where coins can be designed for specific functions, like long term savings, or short term spending. Fast confirmation times and lots of coins for everyday spending for example. Potcoin just needs to finds its function in the crypto world. We are making good progress...but unfortunately so is the competition. |
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As for your "account" comment...well I don't know exactly what you mean by account and I'm not even sure you do. But the dev's have signed a deal with River Rock where POT is accepted at their locations. That's fascinating. Unfortunately Riverrock will be dropping potcoin in a few days because we just solved their banking problem. That was the first dispensary to sign up under the new banking program. Small world As for your "account" comment...well I don't know exactly what you mean by account and I'm not even sure you do. But the dev's have signed a deal with River Rock where POT is accepted at their locations. I looked through river rock's site and I don't see any mention of potcoin.... No mention of this new banking program either...whats your point? |
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Legal marijuana is a multi-Billion dollar industry and this was always going to happen that banks and credit card agencies would find a way in. It changes very little in that most people buying pot do not want to put a charge on their credit card that documents a transaction that is federally illegal. Retail outlets do not want their money in banks under federal oversight when anything with pot, even selling pipes is considered a federal crime (The feds put Tommy Chong in federal prison for nine months and fined him $20,000 for selling blown glass bongs). Likewise growers want anonymity not credit cards payments leading to bank transfers and records that for all we know are monitored by NSA. In states with legal medical marijuana there are few if any protections for growers, distributors, or drivers. Here is a Washington Post article from earlier this week about the federal government seizing the bank account of a perfectly legal grocery store: http://www.washingtonpost.com/opinions/george-f-will-the-heavy-hand-of-the-irs/2014/04/30/7a56ca9e-cfc5-11e3-a6b1-45c4dffb85a6_story.html -- imagine what could happen to a dispensary or retail outlet that is conducting business, the feds consider illegal, if that business put their money in a bank under federal oversight? The vast majority of the legal marijuana business is still going to want an anonymous payment system, and cash while anonymous, is problematic. Potcoins offer fast, secure, anonymous payments where you don't have to even meet with the other party to make or receive payments. You make many assumptions which are likely untrue. The assumption that people would not want to use their credit cards is unfounded as many many people buy from dispensaries with their debit cards today. The assumption that regulated retailers don't want a bank account or that these people don't trust banks is absurd. A simple conversation or review of major press indicates that dispensary owners are BEGGING for bank accounts. The notion that growers are afraid of the NSA is folly, you may be afraid of the NSA but those of us in the industry don't give a rats ass about the NSA. Then you throw in a story about some guy having his bank account seized and that makes what point? So back to MY point... it looks like the banking problem has been solved. So where is the value in potcoin at this point? Isn't this exactly what potcoin was looking to solve? They just put two atm's in Denver, right? How many accounts have they won? Any? A single one? no? Then why is anyone supporting this non-sense coin that solves no known problem? The banking situation is certainly not solved...MediSwipe is a step in the right direction, a step back for Potcoin. But certainly nothing that will derail this coin. MediSwipe is still a cash company. They are Paypal of the Medical world. Merchants are completely at the mercy of whatever rules or fees that company chooses to impose. Not so with Potcoin. As for your "account" comment...well I don't know exactly what you mean by account and I'm not even sure you do. But the dev's have signed a deal with River Rock where POT is accepted at their locations. |
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Antsy to get on board something else. There is no shortage of competitors for Potcoin...if somebody feels they are better suited investing in another coin they will do it. Its not even hard, exchanges make it happen in minutes. I know the coin is still young and I'm not trying to raise any red flags about the price. The price is fine. Lower than many people were expecting but its fine. I'm concerned with the lack of support for the coin. I see more people in here bashing the Devs than anything else. And its starting to make its way to /r/potcoin. We need something positive to get support going again. Or people are going to keep jumping ship. |
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None of which is an issue, as long as the coins become more useful over time. If in a year from now we are at the same exact place, then yes, perhaps something may not be right.
It's not an issue right now. But it could become a problem if large holders get antsy. Every day there isn't progress those coins lose significant value because so many new coins are being generated. Like I've been saying we need to be able to buy things with Potcoin...not just trade it for other currency. Getting Coinpayments.net was great but I have seen nothing new about it. That service should allow merchants to embed a payment button directly into their websites to accept Potcoin. Now people need to start using the service. Buy things with your Potcoin. Merchants take notice when competition is making money in a different way. Thats how we spread. Let your Potcoin wallets show other people that this is a currency...not a pump and dump scheme. |
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