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The problem with this coin is that there is no reason to buy it. You can't actually DO anything with this coin except exchange it for btc. Therefore the only reason people would have to buy it is if the price were going up, which it isn't. And the price will only go up if people are buying it. It's a catch 22. I suppose this is the problem for most of the alts until they get so big that you can exchange them directly for USD, and then the price stabilizes.
Unfortunately I'm not sure what the solution is.
The good thing about this coin is that buying it supports cancer research so it does have some buy appeal for people that want to be charitable, but don't have the computer know-how or the video cards to fold themselves. But how many people in that category are on exchanges trading crypto alts? My guess is the number is close to zero. The anonymous transfers do seem to be the hot thing right now but it doesn't really make sense for curecoin. People using curecoin because it's anonymous so that they can use it to make shady or illegal transactions would be counter-productive for the image of the coin.
Mobile wallets and debit cards would make it useful as a currency and a lot of alts seem to be trying to go this route. Also getting merchants to accept it as payment. These are the only two things I can see that would reverse the trend of this coin for the long-term. In the short term it also just needs more exposure because I think a lot of people just don't know about it and overlook it. The lower the price goes though the harder it will be to get miners to point their rigs at folding. They are in it for profit so folding has to be more profitable than mining. Asics being developed for other mining algo's helps in a roundabout way, not by increasing the profitability of folding, but by making the profitability of mining all other coins decrease.
Are there any plans/ideas for getting more buy support for this coin? I like this conference idea. Is there anyone that can tell me when the conference takes place and the cut-off date for donations?
Unfortunately I'm not sure what the solution is.
The good thing about this coin is that buying it supports cancer research so it does have some buy appeal for people that want to be charitable, but don't have the computer know-how or the video cards to fold themselves. But how many people in that category are on exchanges trading crypto alts? My guess is the number is close to zero. The anonymous transfers do seem to be the hot thing right now but it doesn't really make sense for curecoin. People using curecoin because it's anonymous so that they can use it to make shady or illegal transactions would be counter-productive for the image of the coin.
Mobile wallets and debit cards would make it useful as a currency and a lot of alts seem to be trying to go this route. Also getting merchants to accept it as payment. These are the only two things I can see that would reverse the trend of this coin for the long-term. In the short term it also just needs more exposure because I think a lot of people just don't know about it and overlook it. The lower the price goes though the harder it will be to get miners to point their rigs at folding. They are in it for profit so folding has to be more profitable than mining. Asics being developed for other mining algo's helps in a roundabout way, not by increasing the profitability of folding, but by making the profitability of mining all other coins decrease.
Are there any plans/ideas for getting more buy support for this coin? I like this conference idea. Is there anyone that can tell me when the conference takes place and the cut-off date for donations?
The first step is to get rid of the SHA-256 mining component of Curecoin. It makes the price susceptible to multipool dumping. Leaving the folders holding the bag. Why can't we secure the network with proof of stake?
