^^^ I appreciate you taking the time to respond, but that's just more of the same. Worse, nobody has commented on both our actual questions.
Someone has been dumping heaps and heaps of Hiro at low low prices (~1300 sat) over the past few days. No miner would do that, it's a big loss. Who could possibly afford to do that? Considering what we know about the instamine, this makes me nervous that someone's been cashing in.
95% of coins have gone down like Hiro has recently... and never returned. This makes me very nervous.
I want to believe but I'm losing reason to. I can see very little marketing of this coin, very little work being done compared to other coins, just the occasional post advising it's being made "more secure". Security won't be a problem if its worth nothing, which is what will happen if this coin doesn't get marketed properly.
Someone has been dumping heaps and heaps of Hiro at low low prices (~1300 sat) over the past few days. No miner would do that, it's a big loss. Who could possibly afford to do that? Considering what we know about the instamine, this makes me nervous that someone's been cashing in.
95% of coins have gone down like Hiro has recently... and never returned. This makes me very nervous.
I want to believe but I'm losing reason to. I can see very little marketing of this coin, very little work being done compared to other coins, just the occasional post advising it's being made "more secure". Security won't be a problem if its worth nothing, which is what will happen if this coin doesn't get marketed properly.
+1
Anyone responding to miner/investor concerns by telling us to go invest in retirement funds because we can't handle the heat isn't contributing to this discourse and is completely missing the point.
In another thread, I got a response from a Hiro Team Member that I was being too dramatic. Hirocoin needs some drama now. I don't mean only through negative feedback and doubts and a lot of people calling each other names. I'm referring to something greater than someone comparing Hirocoin to Litecoin in one comment several days ago, something greater than the X11 algorithm alone and keeping our houses cool in the summer (great for miners but investors don't seem to care much about this benefit),
You made several good points. There is a lot of complaining because the price is down. Almost every coins has been going down and so what? So the team is responsible? They seem to be working to develop this coin, is that proof of them working that you need? I m missing no point as an investor AND as a miner i don t have any problems with this price. I m currently holding my coins and buying some more at 1000 sat.
About the summer, you are missing the point that miners will switch to go mining X11 coins and increasing the difficulty. Each coins will be more difficult to generate and they will hold waiting for the price to rise to the proper level to be profitable. That s the whole point of Hiro s article on reddit. People understood and X11 got some hype and they forget. The price is low, at a good level to buy.
I m surely prefer that they work now, develop some great stuf that will be ready for the summer when the difficulty will rise. Because I m not sure that less inflation will make the coin rise by itself.
I will let them answer. Complaining to the team that the price is down is really not helping.
The only thing i have to know is why Hiro didnt answer to the people telling that X11 is not worth the hype it gained. And surely, if they are some optimized miners elsewhere ( but i m convinced that is just FUD)
I agree with you - the team isn't directly responsible for the price of the coin today, but indirectly responsible? Absolutely. There's been an absence of buzz, marketing activity, investor engagement, generating a strong forward momentum through demonstrating progress - I realize that all of this is relative to each person's expectations going in, but I highly doubt I'm the only person who feels a general lack of substance from the Hiro Team for quite some time now (marketing or otherwise). Look at EMC2 and MYR. Call it real or hype, tell me it's not comparing apples to apples, but at the end of the day, there are extremely vocal people backing these coins, reminding folks why they should pay attention to them, sharing what they're up to and why, and reassuring current miners/investors that they can count on the coins' larger teams to maintain the perception of the coin's good health and ongoing progress. This is critical for a newer coin - we all know this. There needs to be a balance of spreadable, marketable activity in addition to the big back-pocket news that's being held back, waiting for the perfect timing. It should never get to a point where someone asks the question - Is Hirocoin dead? That should have been a huge red flag to the Hiro team that something has gone terribly wrong, even if they had the best of intentions all along. You can call it FUD or disruptive noise, but there are plenty of coins out there, older and newer, where people don't have any cause to ask that question.
RE: the summer and the value of mining X11 coins.
You are likely right about this, but wouldn't this logic apply to all X11 coins? What makes Hiro stand out and why should people choose Hiro over other X11 coins? Again, establishing differentiation has to be both real (sound development) and perceived (marketing).
RE: I will let them answer. Complaining to the team that the price is down is really not helping.
Yes, I also would like the team to answer these concerns. I think that's all people like me are wanting at this point - transparency and thoroughness. We hope the team doesn't selectively answer, but rather, take the time to address *all* of the concerns raised over the past few days.
And I want to make the distinction that the concerns raised aren't only about the price. The price today is the result of the marketing inactivity and lack of engagement. This is what we're trying to bring to the foreground. The Hiro team may be a group of incredible developers with a good plan in mind, but it's evident they need people focused on the marketing/communications side of things. It's a mistake to think the coin is solid as-is and that this should be good enough for a while - we know how quickly things move and change in the altcoin world, and Hiro needs to hustle and keep up the pace. The coins above the fold (regardless of vintage) are the coins that are constantly pushing, evangelizing the 'good things to come' news bursts, and regularly and consistently getting people to drink their Koolaide. To think that Hiro is above that or is so great as-is that it doesn't need that - that's a very big mistake and will cost everyone a lot of time, effort, and money.
It's easy to come on here and blame the coin for everything that's gone wrong, so I'll step up and offer my assistance. I'm invested in Hiro and would only benefit to see it succeed, so to the Hiro Team - whenever you're ready, put me to work. I'll be happy to spread the news on your behalf and brew up some curiosity and excitement. And I'm certain I'm not alone in wanting to help Hirocoin kick some righteous butt. But in the meantime, we need answers to our questions. We need to know why it's worth sticking around. Convince us, and you can be sure we'll go out there and convince others.
