All my HIPOS coins are heading south. What is going on?
Good question. HIPOS is really hard on a market. It's a lot of fun trying to stake against each other and win those big blocks, but it also gives out a ton of free coins that have 0 cost - not even a real electricity cost or rental cost. The new coins being minted cost 0 but are worth something on the exchanges so the market cap inflates without any more money as buy support, then the dumping for free btc begins.
It seemed like a great idea to get a "fair" distribution, but what it mostly did is give out free coins fairly to people who then sold them to the same people who already own a lot.
It's been interesting but I don't know if the low volume alt market can support it. I originally thought about puttingthe hiPOS phase was put like 1-3 months out, but the bubble and drop would be even more drastic. HiPOS was more of an economic test than a technical test, and I haven't been able to decide if it's a good distribution method.
On the TRON front, work on the website, graphics, overall presentation, and technical changes continue. When it's done, it'll be posted. Aiming to meet the timer on
https://positroncrypto.com I'm active as "cryptowest" on our Slack (send email for invite), Freenode IRC, Skype, CryptoCommunity Slack, Tox, Kik, Gmail, twitter, and here via PM if anyone has any questions or comments.
I've thought about the disto for a while, ever since my last post. In a strange way hipos is actually continuing to work for good distribution to strong holders. It also prevented all early pump and dumping. Basically tron is dumping without ever going through a massive pump, and this is actually a really good thing in the long term.
Let me explain
So the large POS rewards were given to early staking holders. This caused the good rise to 90k because people saw the opportunity to get a lot of free coins, and also the coin got some good hype...so they bought and staked. Now all of that rewarx has caused people to dump their free coins. This process has turned everyone into bagholdars. Very few holders are profitable, even the people selling their free coins.
How could that possibly be a good thing?
Well since we're only left with people in the red, when the price rises those who don't truly believe in tron will sell to break even. This again prevents a large pump, and continues to put tron in the strongest hands for the long term. Now granted... West has to come through with development, but this is truly the best way to create a long term coin that slowly rises in value.
