[ANN][SPA] SpainCoin: freedom for Spain - Airdrop ended, last coins destroyed!!

[princesultan1]

https://www.mintpal.com/market/SPA/BTC

god dammit! i just transferred to cryptorush 10 min ago!!!!

also, my transaction isn't showing in the blockchain yet, is this normal???

[1714649003]

1714649003

[ifightformerkel]

https://www.mintpal.com/market/SPA/BTC

WTF this was fast, like 10 minutes and it is on mintpal  

they dont want lose money in this game 

[ifightformerkel]

can anyone go on c-cex?
i cant get on this fucking site  

[dminer69]

MintPal ‏@MintPalExchange  4m
Yes, it is Spaincoin! The SPA/BTC market is now live! Happy trading https://www.mintpal.com/market/SPA/BTC

[BlackMarket]

which exchange is better? bittrex or mintpal?

[naaktslak]

above .004  

[hashpuppy]

1SPA should be 1.5 to 3 BTC.  GDP of Spain is 1.35 Trillion USD while Iceland is only 14 Billion USD.

Hey I will sell you SPA coins for 0.5 BTC each so you can make much profit

Its a great deal for you, please contact me

 

I predicted the value of Aurora to be 70 USD in another forum.  In fact Aurora touched 96 USD.  Now let me give you some facts.  The currency circulation of one country is about 6% of GDP. See this http://jerrykhachoyan.com/currency-in-circulation-as-a-percent-of-gdp/.  In 2012 GDP of Spain is 1.35 Trillion USD. See this http://en.wikipedia.org/wiki/Economy_of_Spain.  That means 6% of 1.35 Billion is 81Billion USD. If for example we just use 30% because Spain still have its own Fiat money in circulation now, that means 24.3 Billion USD.  Now divide that by 50Million coins. You will come up with 486 USD or .78 BTC. Now in the future if all will use this currency that means the value should be 81Billion divided by 50M coins which is 1620USD or 2.6 BTC at currenct exchange rate.

+1

Only problem in my analysis above is that there's not enough BTC  to cover the potential value of this coin.  There are 2 scenarios i can see.

1.  BTC value will rise because of demand from other alts to enter SPA. Lowering the alts value.

2. Direct SPA-Fiat exchange will open up bypassing BTC altogether.  

If the holder of 50% premine is wise enough.  He should use some of the SPA holdings to make sure that SPA-Fiat exchange will be put up shortly to achieve its max value potential by either putting up the exchange himself or give seed money to already existing BTC-Fiat exchange to support the coin.

For miners who don't understand the potential value of this coin please see above.

[bitcoinrocks]

Cryptorush slow for anyone else?

[speedhash.eu]

above .004  

@ Mintpal 1 SPA = 2 BTC

[DonQuijote]

Cryptorush slow for anyone else?

For me it´s OK, try refresh

[naaktslak]

above .004  

@ Mintpal 1 SPA = 2 BTC

volume 0.00001 spa

[ifightformerkel]

above .004  

@ Mintpal 1 SPA = 2 BTC

OMFGGGG

This mean market cap is now 30 Billion?  

[naaktslak]

0.005 already. correction ahead.

[bitcoinrocks]

What's up with the Mintpal orderbook?  No sell orders and stupid buy orders?

[jdebunt]

speedhash pool still having disconnect issues at times, you might want to get that fixed ASAP

[speedhash.eu]

speedhash pool still having disconnect issues at times, you might want to get that fixed ASAP

Yes, we are going to fix that but we need to configure new server first

Sorry

[oaks05]

the coin just got on there, takes some time for spaincoin deposits to clear no worrys its about to explode ;-)

[DonQuijote]

What's up with the Mintpal orderbook?  No sell orders and stupid buy orders?

deposits are not instant, need confirmations

[peb0t]

Por fin me siento orgulloso de algo de mi país:)

Minemos pues !

[ifightformerkel]

i dont get any Withdrawal confirmation link from c-cex its about now 10 minutes ago, normal?