WHY YOU SHOULD STOP MULTI POOLS

[Dimrain13]

I have a long list of reasons as to why this is a bad idea Ill name a few and you can use decide if it makes sense or not.


-It hurts all the crypto currencies.

-When you use a Multi pool you are dealing with a Pump and dump

-Price has no reason to go up because of this^

-Once all the prices drop its going to kill all the coins except what ever one is the largest ( Lite coin for Scrypt)

- no profit for anyone.

I suggest that all (including myself) people look at what has happened so far, we still have time to reverse it.

I know I know you use multi pools because its easier and you get paid in BTC... but would you rather be paid in BTC or exchange it yourself and get 10% more in the long run?

Check out BBT and their latest video put up today. He talks about it a bit, I know I will be supporting the communities way more seeing what has happened since the ASIC and Pump and dump.

https://www.youtube.com/watch?v=_p1kkScU1Uk

[mazuma]

every once a while shit like this pops up

[Dimrain13]

Yes but with proof over the course of a month? It makes sense. Pleases provide reasons as to why it is wrong and Ill eat my words.

[mazuma]

bro your claims lack a premise. Tell me why before you reach such conclusion. Plus not all multipools are bad, some allow you to keep the coins and convert them at your own will, which in that case would be similar to mining it straight on a dedicated pool

[Dimrain13]

Then I suppose I should rephrase it to state that Auto conversion is bad within multi pools. Watch the video and think about it. If you dont have a point to hold your crypto of choice then why would the price go up? the more that people hold the coin the less they have to spend and from there its simple supply and demand. Less supply more demand higher price. POS at its finest. Without more diversification then most coins will die. This is just how it goes in supply and demand in this particular situation.