Remember also that part of the problem with paying for goods with any coin is that the merchant always goes back into BitCoin then to Fiat. This causes the selling. Liquidity can be a problem every coin faces. Excl is created out of thin air (minus hashing power costs) to pay for any merchants product. Every purchase is weighed against the cost of BitCoin at the time. So you have a real time cost in BitCoin to value at USD. So $20 right now would be $282 per BitCoin around .07095 of BitCoin to equal $20. So divide .07095 by .000013 per Coin and that requires 5458 Excel for $20. In order for the Merchants to accept Excl they can not lose money and dump that 5458 back onto the market, making very large volume sells! So they sell to BitCoin right away. There is no incentive for the Merchants to hold Excl since they can't pay their rent with it. Then the exchanges take a portion too.
So part of creating a better scenario would be to figure out how to create worth for the Merchants to hold Excl.
Then also how to create a better structure making Excl worth more but not have profiteers constantly making money from the buying and selling of the coin creating instability. PoW dumping also can cause this.
I think considering a fork is the first step since the coin will always be subjected to the fluctuations of new coin dumps now. It won't be able to jump up to a better position and if it did everyone would just mine it and dump it for profit.
Getting out of the normal mode of operation may be required. Using Exchanges only allows this type of behavior. I don't know what is right to replace it with but you can see it repeating over and over and just degrading BitCoin prices. Most of the money that goes out never comes back in.
I had wrote some ideas about how to make a coin back by the merchants goods and I never went forward with it but most of these ideas are somewhat centralizing to the coin. So most ideas are not ideal since it would require an authority. But right now the exchanges are the authority and have no interest in the benefit of the coin.
I will try to think up some more creative ways to enhance the coin and post them later...
Best wishes going forward to Excl and Kingscrown!
nice words!
imo we should just buy more and hold - i do this. when the "ebay" with banx.io opens - this is going to be a rocket