It has been an interesting week. Bot not released and coin at 40,000. Devs have made several posts that indicate their roadmap goes well past 100 k. It is increasingly likely that CIRC itself will get a massive boost from a bunch of bot happy noobs boosting their own coin. Why does everything that happens in this coin seem - in retrospect - to have been carefully planned?
My main concern is that the entire situation is getting too volatile. The bot roll-out is going to intersect with the Culling and the entire mixture - massive botting, dark escrows, off market trades - is going to pump this coin well over 100 k. The trader in me says yes. However I am liking the community aspect of this coin, and I believe that a rapid rise like this is perhaps not beneficial to the long term growth,composition, and maturation of the community.
My proposal to the devs: delay the Culling for two weeks or more. Give the bot and the new wallet time to mature along with all the new users coming in. Allow informal, private Culling trades - but delay the main Culling for the benefit of the community as a whole.
My main concern is that the entire situation is getting too volatile. The bot roll-out is going to intersect with the Culling and the entire mixture - massive botting, dark escrows, off market trades - is going to pump this coin well over 100 k. The trader in me says yes. However I am liking the community aspect of this coin, and I believe that a rapid rise like this is perhaps not beneficial to the long term growth,composition, and maturation of the community.
My proposal to the devs: delay the Culling for two weeks or more. Give the bot and the new wallet time to mature along with all the new users coming in. Allow informal, private Culling trades - but delay the main Culling for the benefit of the community as a whole.
I disagree. Why ? I belive this community strong enough to minimize the retracement. 30% retracement at max. Not a problem imo. Timing is perfect as it is.
More people in coin would be better. Not knocking those here, just saying broader base makes better foundation.
It is a solid proposal. Most people getting in now don't have the cajones just yet to participate on a significant scale in the Culling. They need to get warmed up, meet some people in the lounges, talk about the charts, build up their feeling about the market conditions, the distribution, etc.
I would even say, do a trial run of the culling, with max 1 btc on any escrow. Remove some of the fear factor. Maybe some bounties for most creative wager, most creative escrow, etc.
I will say, I get the feeling that the Culling is absolutely intended for the Whales and bold in now. I think the idea is to get their money and interest in the coin right now. This Dev team did put a lot of thought into the plan, so this has to be exactly what they wanted.
I cannot find any fault with the plan so far, so if that is what they want, fine with me. Just think the more people you can draw in, the longer run you get out of it.
