[ANN] *PXL COIN* Mandatory Client Update / now supports Kimoto Gravity Well!

Quote from: dzimbeck on March 08, 2014, 11:28:44 AM

I am glad you guys agree. I only brought it up because I almost advertised on his site. So I want to clarify one last time...

I bought pxl and wanted to place an ad. So I went on the site and saw I have to give 1 pxl per pixel (basically 100% of what I invested). Lets say I buy an ad that is 1000 pxl. Now I am an advertiser. Here is the problem: If the value goes up, I can not sell my pxl. I just gave it to the dev. That is what I mean by no equity! If the dev simply charges %5 to upload an AD and registers the wallet balance (advertiser needs to maintain the purchased 1000 pxl image with 1000 pxl but he pays 5% so lets say 50 pxl to the dev for maintaining his ad.) Now if the price goes up, the person advertising www.whatever.com can SELL his pxl. The dev will see this sale and remove the advertisement since the last holder lost position.

How does it currently work?
If I buy an ad for www.whatever.com I have to give all the pxl back to the dev. So if its 1000 pxl I give 1000 pxl. If the value goes up, the advertiser cant sell his pxl BECAUSE HE GAVE IT TO THE DEV!!! That makes no sense at all. It defeats the purpose of crypto. I am sure the dev is a nice guy but the model makes no sense. What makes it even worse is the dev can dump on the market whenever he wants. That causes inflation because now there are more PXL than there is pixels in circulation! Inflation will make the price drop and so will any dev dumps to profit. In order for any coin to increase in value it needs to be deflationary. Also miners get screwed because the dev will recontrol all their hard earned mined coins. Even bagholders are screwed because the dev will hold millions of pixels that he can sell at any time. That is what I mean by no equity. Now the dev says he wont dump the coins. So even if buyers take that huge leap of faith, it still wont work because any ADVERTISER WILL NOT PAY FOR AN AD THAT HE CAN NOT RESELL ESPECIALLY WHEN HE GIVES HIS PXL BACK TO DEV.

The fix?
Any prospective advertiser can resell his ad. So all he needs to do is pay the dev a fee for upload or a percentage. Dev will know who owns what by wallet balance since a wallet with a balance of 1000 pxl can be entitled to a 1000 pxl ad. (he would just pay a small fee to the dev to maintain or upload it) if the value of the coin increases the dev profits anyway and so does the miners and buyers since the dev is not controling the market by possessing a majority of its volume. His fees being smaller, would actually allow the dev to reap bigger profits since it would allow the market to expand. Peercoin is a fantastic example of this theory since they implement .01 ppc fee but its destroy through inflation. So the market maintains its value but can still increase in high magnitude.

Funny thing is, even if the dev wanted to make money off the current model he cant because he controls too much of the market. So the second he starts selling he devalues his own currency. That really is what a ponzi is. Wether or not the dev realizes it, its very similar to a ponzi because he effectively controls almost 100% of the market share. That damages miners beyond belief. He said earlier that he will "warn" people before he sells??? That makes no sense either because then people will dump the coin. That would destroy its value and the dev would not profit. He is either the one dumping or the one being dumped on! Now think about this for a second. Which would you rather be??

This needs addressing. If the dev doesn't respond there's an exposed raw nerve.