Payout run finished - May 03, 2016
Current LC per block per share: 1 Share = 3.96LC
LC per block value has decreased under 4LC per share. Payouts tomorrow will get calculated/payed with new updated value.
Dev is any chance to know how much will be price of lutetium?
There is no way to tell, prices are discovered by the market.
However, given the circumstances, such as the relatively large coin supply and the fact that it costs nothing to mine, my guess is it will be low. I expect it to be in the low double digit satoshis at best because the dumping pressure will be big.
Then again, I hope I'm wrong but the coin will need unique features to make it attractive.
This is realy hard to tell and only the market will show how the price will develop.
We think that after the release of share packages price, which will get release at wallet release and not before, it will be "harder" to farm LC because if someone is going to order a 80shares package the LC per share value would decrease to 3.15.
Because we don't want to keep the BTC from share packes for ourselves, we think we can draw more attantion to LC with our free "hardware give aways".
We agree that LC will need some unique features. In the beginning we don't focus to much on unique features. Of course we could say: "hey, there will be a decentralized DNS, or an ipv6 to ipv6 converter" but we don't want to generate the feeling that we are no men of honor^^ We have plans for LC and also some thoughts about unique features. One of us has worked together with some devs who released a very promising coin on 2014. These devs have been able to add some unique features. Some of that features are still unique on 2016 and we didn't see them on any other coin. We have similiar plans but the development will need time.
After the release of the wallet we will see how LC will develop. Hopefully someone is buying some share packages [not for us (devs) but for LC hardware giveaway] to give LC some movement on the
LCpS (LC per Share) value.
One of our goals is it, to create a coin, which distribution is, to some point, totally free for everyone who want's to join us. We dislike that early BTC/LTC farmers have much BTC for buying mining hardware. Many coins are mined by ASICS/FPGAS which might be not affordable for all of us. Just think about energy costs as we mentioned some pages before. Still if you want a let's say GH/s scrypt miner or an X11 scrypt miner, you never know if the developer/company will ever deliver the farmer or just take your money and run. Just think about "Butterfly Labs" long delivery times and other problems.
But in general we think, that participants of the signature campaign will be very happy in the future. Also early buyers of share packages, because LCpS is still high.
***Change on coin specs and logo contest announcement***Our new coindev told us it would be better to change the PoS from scrypt to X11. There wont be any influence on any other specs.
The original wallet will get release with original coin logo. After the contest is over (this will happen one week after wallet release) we will have a new wallet version with updated logo on it. Take your chance to get forever "burned" into LC wallet :-)
