IFC is the extreme version of an alt coin.
It was mined to hell and back with a huge coin count.
Nobody mining the coin had/has any faith in the coin being worth anything at all. They were desperate to sell for anything they could get, even 1 satoshi had people itching to dump the coin in it's billions, and still does.
The distribution of the coin was horrible, with several people owning 1-5% of the mined economy, the same people who feel it has zero value and who would dump it for anything they could.
Then the coin went to market, it started at 90+ satoshi on cryptsy and immediately bailed down to 3,2,1 satoshi.
The market showed it's true colours, adding on to the miners itching to dump the coin, the traders were only trading to take a profit in BTC or LTC, they quickly realised that when the bid and ask are at the lowest values possible (1 satoshi and 2 satoshi), then they make 100% profit by keeping the price at that level.
Now the miners and the traders are stuck with 40 billion worthless IFC that nobody will buy.
The only way IFC, or any alt coin, will be successful, is if 75%+ of the people involved, holding, mining, and trading, actually feel the coin has a value, otherwise it's doomed.
Sounds about right... I mean if the miners had just held the coins and dribbled them out rather than dumped them instantly it could of gained some traction and the holders would of made mad profits. Anyway I'm calling it as done, still I don't really know jack so... lol
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