Devs have clarified some community concerns in slack channel and here i am posting them for the convenience of the people who hasn't got access to slack.
*****Quote*****
Alpey: nice graph but everything is relative :slightly_smiling_face:, they need to come out with some concrete plans, most importantly a roadmap is a common source of information all projects should have. Its been over 3 months since launch and a roadmap should be avaliable by now.
lets look at the facts: 1) we dont even know who is behind it, 2) no roadmap, 3) coin supply is increasing significantly, yet no news thus not much demand, so simple economics says price will go down, 4) Devs are working sure, but lack of updates causes concern among project participants. Some will say there was no ICO and sell your coins if you dont believe it, but that does not change the fact that what makes a good project be it for investment purposes of general pariticipation is a good source of information and at the moment all I read is just minor updates from a yet unknown dev
First and foremost I think a roadmap should be issued, its the basic expectation for any project.
John79:Agree. I am a long term holder and not worried, but if the noobs or peeps without patience are dumping then the price will slowly go down and will be hard to recover. Just my 2 cents.
Ps: i'm buying at this prices
sidathsaumya:I am also a long term holder so not bothered about small price fluctuations. But personally I agree with alpey.
With the current development of the project the price should be way up by now but lack of information is what lacks bringing new investers.
All the old investers are still holding, that's what has kept the price at this stage. But we need more new investers. For that we need little bit of information.
But as Dev stated previously they have different approach for this project. So but still it's up to devs. I believe they've got a business strategy and they have decided to go this road.
I have intended to hold my linx till at least till end of 2018 so I will have my patience till Christmas to see where project is heading before making any other decision and hopefully devs will come up with some great news.
cheesepizza:Their main target is end users not investors, so I don't mind the lack of communication, either believe or don't, that said the more end users there will be the higher the price will go
sidathsaumya:You've got a valid point there as well. We're not their target audience so can't complain much. And we shouldn't expect things to happen sudden either.
I know this is tough to many including my self, but all of we know where linx will be by coming months and these are difficult times where we should keep ourselves calm and be strong to see us out of this situation.
With my previous experience, my mind says, sell here will surely make me regret in the future. I always wanted to buy a coin this low hold till the end. And I think linx will give me that opportunity.
So let's keep the faith on devs for now and give bit more time to deliver those mentioned flagship platform and 1st retail intergration. I am pretty sure we will be laughing at this stage by then.
dantian:ANN : The Official Linx Mining Pool is back in business. Complete with full stats reporting (including estimated earnings) and user accounts. There's also an in-depth "Getting Started" guide which contains instructions on setting up Nicehash to mine at the pool for you.
http://pool.mylinx.io - You may need to clear your browser cache if it's still showing you the old pool.[/glow]
Linx: @cheesepizza Thank you for your input. You are completely right. Those who don’t understand that millions of new users will naturally increase the price through supply & demand don’t understand the purpose of Linx.
@sidathsaumya As you know we are working on many areas of the project at the same time including the platform, our retail partnerships, the infrastructure & the source code. The purpose of this slack channel is to inform interested parties of new developments when they happen, not to give a running commentary. We will not be changing this approach. Some of the 3rd party partnership announcements cannot be announced until they are ready to announce as is their right.
@alpey There seems to be many areas of concern to you. You are correct - Linx is not an ICO. You have not purchased any Linx from us & we have received no funding from you. We are a privately funded project. Any coins you have purchased on an exchange will have been provided by miners who have spent their time & money mining Linx to build a supply. A Roadmap is a requirement of an ICO as people are investing directly into a project & have a right to know what they are getting for their issued token. We have told you our plans, not because we have to but because we wanted to share our vision with those who were interested. We are getting on with implementing those plans rather than talking about them. As in the reply to Sidath, this Slack channel was set up to announce new developments when they happen, and not for the purpose of providing a running commentary or constant reassurance that you’ve made a good choice of investment.
With regards to your fear over the supply, we are not even close to having enough supply to meet the needs of our partners, target market, new exchanges & 3rd party points of sale. There will only ever be 100 million Linx, with the maximum supply not being reached for several years. This is unlike many other coins and issued tokens which often have an initial supply of hundreds of millions or billions. By way of example, once the maximum amount has been mined, if only 1 million people (less than the customers of our retail partners alone) are using Linx, there would only be enough for 100 Linx each. Not even 10% of the maximum supply has been mined to date. If we had 1 million people using Linx right now, there would only be enough for 8 Linx for each person assuming all investors, miners, etc, sell all their Linx to the open market. I hope you understand now why an increased supply is not a negative for us.
We would love people to believe in our project, as we and our partners do, but we certainly do not expect it. There are many choices of mineable coins & issued tokens out there to choose from. Some will do great things & others won’t. We will not be changing our approach just to ease FUD for early investors. If we are not living up to your expectations please feel free to go ahead & sell your Linx.
@U68J9BLRX Thanks for your comments. We’ve addressed the supply concerns in the response to Alpey.
Anybody else who has concerns that we’ve not responded to directly please advise.
None of us have a crystal ball to know the uptake of crypto in the mainstream, but we do know our target market demographic is young & open to new ways of doing things. We're planning infrastructure for much more than 1 million users. We only used this number as an example to show the maths behind the limited supply.
*****Un-Quote*****
you can see a screenshot from the conversation from the following links.
https://www.reddit.com/r/LINXcoin/comments/73yhas/linx_is_building_a_infrastructure_to_accommodate/https://twitter.com/daytradernik/status/914950827873374208Thanks,
Sidath.
