I had some unexpected stuff today (not Bitcoin related), so I didn't work on this today, my bad. But I know people are waiting on it, I'll finish rewarding system tomorrow.
Hopefully there will still be buyers left to sell into then the bids are going fast at the bitparking exchange from the rate it is going be lucky to sell them for .01 then....
Slush just sell the current stockpile. If is highly unlikely in the short term prices will be higher. Anyone who actually wants NMC could likely buy even more with the BTC you distribute from the sale.
Supply is going to far outstrip demand in the short term. Converting NMC to BTC preserves the value of those coins. Once the realtime distribution of NMC is ready future NMC rewards could be directly distributed.
Just please consider a one time sale of current stockpile. It is already worth 35% less than it was yesterday. With hundreds of thousands of new coins coming into supply every day the price isn't going to go up. A delay simply devalues the reward.
not everyone plans on selling there coins, by dumping over 20k coins on the exchange it will drop the price. whereas if only half the people want to sell the 20k the price would only drop to .15 thus YOU make more BTC because the portion you have will be worth more. While the people holding onto their portion if the 20+k wait for the price to go back up before selling and make even more profit.
Considering NMC is a bonus to mining and not needed to "break even" selling at these low prices is stupid. but just like BTC and the stock market, investors need stupid people to sell low and buy high lol....so sell sell sell your coins so i can buy buy buy and resell in 6-12 months at a much better profit. or open a .bit registration site lol in a month or 2 ill have enough to register a few thousand domains.
There worth nothing if they are not in your wallet so no bonus at all yet and how about we get to decide what to do with them if you want to sell sell if not don't but kind of hard to do if you do not have them. BTW if you have not noticed since the first of these coins has been mined the price has gone from .025 down to damn near .015 and continuing to sell down there are next to no fresh buy bids happening so it is only going to go lower as more people sell.
yeah technically the price has dropped from .031 a week ago to currently .016 with a low of .0155 but there are pretty solid wall at .013 Im hoping a lot of folks sell so i can get the NMC from mining and dump my BTC into buying NMC cheap.
(But I support the idea behind namecoin and taking DNS out of the control of governments...)