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Author Topic: Basically All Small Cap Staking Coins Had this problem  (Read 116 times)
Silberman
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January 11, 2023, 05:21:51 PM
 #21

It's either take profit or wait until the coin becomes worthless because the devs runaway is the common narrative in today's crypto space. There may have been a lot of supporters of new projects back then until they got fed up with the slow development or lost trust with the devs that abandon what they started.
This is most likely the case and the worse part scenario is they are working really hard to keep their investors by telling them sweet lies and promises which will not really be going to happen. That's why when you see their sales are crashing and they will continue to tell you it's normal, then consider not listening to them anymore because if it's really a normal thing, others that are like that in the past already recovered from the same scenario but in reality they didn't and their developers have already run out from them.
Besides with the exception of the starting stage in which the developers decide which kind of supply they want their coin to have and at what rate it is going to be generated the developers have no business trying to somehow control how their coin moves, and while some may like this kind of thing this kind of control can only be achieved in highly centralized coins, which by they way they run contrary to the ideals of this market and as such they will crash anyway given enough time.
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January 11, 2023, 05:41:17 PM
 #22

Yeah the small caps. The owners will always get huge share of the staking and thus control the whole dam economy of the coin. They will claim that everything is decentralized but when it comes to the staking power through Pos, everything is exactly opposite of that. I mean it is same riddle as that of attacking the bitcoin hash network with more than 51% of hashing power and be able to change every transaction or have control over the same. This is easier in the PoS because your stakes are decided based on how much coins are in the possession. Ideally, owners would go and posses more than enough to control the whole thing. I think its definitely easy way to lure peeps into fakism. Stay alert.
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January 11, 2023, 07:03:22 PM
 #23

Yeah the small caps. The owners will always get huge share of the staking and thus control the whole dam economy of the coin. They will claim that everything is decentralized but when it comes to the staking power through Pos, everything is exactly opposite of that. I mean it is same riddle as that of attacking the bitcoin hash network with more than 51% of hashing power and be able to change every transaction or have control over the same. This is easier in the PoS because your stakes are decided based on how much coins are in the possession. Ideally, owners would go and posses more than enough to control the whole thing. I think its definitely easy way to lure peeps into fakism. Stay alert.

just accept the fact that owners of this type of project are only after about filling their pockets. nothing more. once they got what they need for this project, they will abandon it without a doubt. they don't care if the price in the trading market is declining sharp, so long they got their share before it plunges in the market.
what do you think are their other motives in creating such small projects with no concrete plans, other than milking out the project?

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January 11, 2023, 08:17:46 PM
 #24

The truth is somewhere between the two positions.  There should be more enlightened decent percentage staking coins but there needs to be things put in place so that highest wallets are distributed.  Giving that happening, if the team only consists of lazy people of only limited self-interest which is more than often the case in humanity, they probably won't do much more than bring down the morale of the project in various ways (lack of communication is one way).

A lot of healthy coins now have a very small POS percentage (1337 and Chess), but below 2% makes it barely worth running the wallet unless there is some marketing plan so the value can grow.  

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January 11, 2023, 10:42:20 PM
 #25

This is the unfortunate reality. Most of the newly released projects are only for short term both with small and large market caps unless the utility of the token itself would survive long term development which could keep it alive. But regarding tokens, most of the investors would let go for a short period of time to take their profit. Given that their assumption to a project would be downwards, they are simply saving themselves from loss and that makes it normal.Staking won't be a help as well; those who would follow the given period of holding the token, will more likely be squeezed in the middle as the market price of a particular tokens continues to fall. And this I guess is the idea which pushes them to sell early. A matter of those who'd sell early will get a better exist and those who'd go late would be losing more.

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January 11, 2023, 11:53:19 PM
 #26

I think it would be fun to have an alternative legal marketplace funded by these staking coins.   

I tried to put together another thread on this general topic of keeping this coins alive here:

https://bitcointalk.org/index.php?topic=5431291.msg61492636#msg61492636

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