I play games a lot since I sold most coins. Maybe I can get some back now.
This is exactly why the coin is plummeting, I've said so from the beginning but have gotten no response from Devs.. People are playing, getting coins, and dumping them on the market because they don't care what the value is, just that they are getting something for nothing.
This is because they have no where else to spend them or nothing that requires coins to play. So what should we do with them? Dump them on the investors that actually supported the project from the beginning while we watch out investment plummet scaring more investors away from the project, killing everyone involved including the PlayerCoin Development team.
Gotta start playing politics boys and start protecting your idea. This is falling because you're allowing it to fall. Just because you're not dumping coins, doesn't mean your gamers aren't dumping the 10k you give out each day which still makes you liable for the fall.
I alone could crash this to 1sat with a total bid of only .5BTC against my 450k coins. I'm trying to support you, but getting very tired of the well we tried again, but it didn't work. Investors can only hear this stuff so many times before they bail on you, and that's exactly what you're seeing happen.
If necessary, pull all games, get things right, then republish. But right now, this thing is going to 50sats or less unless there is a major change in direction to protect your current coin holders.
Hoping for an insightful response from Dev's VERY Soon.
Worried Investor, but a big fan of your idea.
Dustin
Hi all!
Ok.. lets analyse the situation:
You are right that people is playing games and (probably) dumping some coins, but 10.000 Placos per day is not enough to destroy the coin itself.
It was obviously some ICO investor dumping coins.
People have "mined" about 150k Placo with Proof of Play. Suposing they where dumping all the 100% of coins at 150Sats that will be 0.25-030 BTC at all? so PoP is NOT hurting the coin.
Remember PoP is the basis of PlayerCoin.
Every coin has his miners, Sha, Scrypt, or any other algo, and all the miners dump the coins also, and that doesn't mean mining is bad for the coin.
We are improving PoP system to avoid abuses and hacks, and that took us a lot of work and time.
We are working on improved API to allow any game developer to use PlayerCoin in his own games, such a roulette game or any casino related game to allow people to "Pay" with Placos and Win Placos.
That kind of games requires a lot of work and skills to assure security.
Imagine that we create a roulette game with real PLACO and some 'hacker' does the same as flying tap. Modify score "on the fly" to get more coins. We already solved that now, but any APK game is SO easy to hack.
As we said from the beginning, we are NOT PROFESSIONAL game developers.
We have provided the tools. We have created to Coin and show how it works.
We have improved the PoP system, and created the API as promised.
Now we need REAL game devs to create demand of PLACO's with not only mining games.
We are doing our best. Getting in touch with some game devs atm, but it takes time to develop the games and integrate the API.
We really hope to get more game devs involved and have better and more secure games soon.
Once we have API completly finished and operative, we will open a GAME CONTEST with 0.2 BTC reward to the first 5 games created using PLACO (total 1 BTC reward)
We are still here, and working to make PLACO better everyday.
Regards
DEV