Hate to bring bad news to the party and I usually don't like to say things that can be taken as negative but
if the reward structure isn't changed I am afraid the coin's price will continue to fall and people will stop mining it in time.
https://bter.com/trade/flt_btcClick the "daily" tab on the chart. Notice the volume levels and price.
There have been large Chinese buyers of the coin for now but even they will struggle to raise the coin's price if they decide to make a move to push
it up. If those buyers stopped buying the price would plummet to near zero. There is a lot of competition now in alt coins and if
you don't have a price that is protected by some form of impending and increasing rarity - the coin will slip into the shadows.
I've been following the trading and market here since day 1 as well as the mining situation.
This includes Mintpal and BTER. And I have been a cheerleader here for awhile as well as in
others forums and chatboxes.
Unfortunately we live in a world where technology tends to get swept away into the ether if
it doesn't take into account the business aspect of things. I've seen it in the physical world
and now I am seeing it here.
You can make FLT more rare on a scale of months instead of years and have an large change to it's future value.
This will also make buyers of the coins feel like they are getting an increase in value and miners will be much happier
to mine something that is reducing in numbers in a shorter time frame.
Many new hands will have a chance to own it if the value increases. It's not just miners that own coins but traders
as well. And right now it seems like just a few people own the vast majority as we see from BTER. A price increase will compel people
to trade it more and it will widely distribute.
I could go on with more examples and analogies but I think the point is made.
If I am missing some plan that I don't know about here then I apologize for being completely incorrect here.
Good luck and hope you see the logic. Would love to see this coin reach the heights it deserves.
The tipping point is here. Which way will you go?