This whole exchange thing sounds just like the Micro Coin (MRC) plan. Are there differences? Micro coin developers are opening an exchange (Alcurex) and claim that MRC will be prominent, but of course that doesn't mean much as they will be accepting all currencies (it's an exchange!). Meanwhile, MRC has drifted to 1 to 2 satoshis as the developers have pretty much concentrated on launching an exchange. It's supposed to finally launch this week.
I guess what I am wondering is how exactly does yesterday's announcement help current FAC holders? If it works out anything like the MRC scenario we are all in for a slow downward trend to oblivion as the developers turn their attention toward their new potential money maker. Now, I am sure that they will say that they are still fully behind the FAC project and that there are big plans to highlight FAC on the new exchange. I am guessing that is what they might say because that is what the MRC team said as the coin gradually went to near zero.
Now, before you all jump all over me, I am a coin holder and want FAC to succeed. I just think that there are legitimate questions that must be answered. If any of you have legitimate answers, feel free to explain to me why my concerns are all unfounded. But, try to refrain from calling this post scam, spam, Fud or any of the other usual nonsensical name calling that too often goes on in these threads. It usually says more about you than the one with the skeptical questions.
And if the exchange gets good volume and they make a fortune with trading fees, they won't even care about the coin anymore. I'm sure they'll make a half hearted attempt to do something in that case, but deep down they will have their new money maker (the exchange) and won't give a shit about the coin imo.
