Open Letter to Franko-Coiners: What's the Story, Guys??
What's going on?
Firstly, thanks to Spiry Golden, the only person (and Snail) who has tried to help.
Do you think the Crypto Town Project is a scam? But I pm-ed two senior community members, asking them to weigh in with the Denmark community -- no reply.
I emailed Catherine Glover, asking about Franko's acceptance at B.C. C. o. C. No reply. You have been called liars to your face over this gig. I undertook to do my homework. Doesn't look good!
Then I offered to provide some 'back-up' to the Oyster Shindig -- no reply.
Why has no one commented on the list of exchanges? I can't find Frankos on pmtocoins. The volume on several of the other exchanges is so low that there is no point in even having listings on them. It is certainly disingenous to make a fuss about 'More Listings!!'
I paid Frankos to three people on the Franko in Your Signature thread just because it's low rent to have squabbles as half of the activity on your threads.
And why isn't the community congregated at one place or another. I've spent three weeks moving from Reddit Franko to Franko.org Franko Collective to one thread at Bitcointalk to another thread at Bitcointalk to yet another thread at Bitcointalk. The 'front-of-house' dates on these threads are months old, so people have to HUNT to find the unprofessionally scrappy communications.
And, this morning, I find that the coin has plummeted in value without that raising any discussion in the community.
Franko is a fine little coin -- but get your act together, people!!
IndiaMikeZulu must go to bat for Franko with the Influential People of Denmark next week, but we not only can't get coin, we can't make contact with the community to discuss the problem.
If we start buying coin at far above the market price, the market price will rise. IndiaMikeZulu holds a Grand Total of 138 Frankos, bought in a single package on Cryptsy a couple of weeks ago. So, we'll end up losing hundreds and hundreds of dollars buying coin to sell to others at a break-even price in order to develop a coin that we don't have holdings of, the community of which is just sitting in the shadows getting rich. And we'll invest hundreds and hundreds of dollars and hours for the privilege of losing that money??
Gee . . . we're not gonna do that.
Mark Blair, Unicup, Western Australia
P.s.: No comma in 'Fortune favours the brave.' No comma in 'Accepted by more merchants.'
There seems to be more chatter via IRC at @freenode #franko . Thanks for the tip on the grammar mistake.
http://www.wbcchamber.com/search?query=FrankoAlso found
here scroll down the list to see Christopher Franko, Franko Digital Currency.
As far as a break even price, I am sure I don't need to explain the price average when buying coins at a lower price than initially to lower you original buy price. If you notice many, many, many "stable" coins have lost value, not necessarily at the same ratio.
I agree more communication, more buy support, more exchange listings. The problem is also systemic to the BTC market, with the major FUD that is happening on the other side of this forum (BTC Forum) and in mainstream media, alts are likely to continue downward in price. As
BTC price declines the hodlers tend to sell their reserves of alt-coins to panic sell their
BTC.
