Out of curiosity, the Clevermining states the following:
We automatically exchange all mined coins into Bitcoins and pay out entirely in Bitcoins for your convenience.This is the Clevermining's Guldencoin deposit wallet on Bittrex:
https://explorer.guldencoin.com/#/address/GQsUGhJiKTA35ysmVDMsASHPdXWxbDoqoNAt this moment over 3.7 million Guldencoins aren't sold, all those Guldencoins are mined with the help of your users but didn't reach the Bittrex exchange. Clevermining is stacking up, can you justify this toward your users?
So is the problem that CM is dumping the coins or holding the coins?
If that is really a Bittrex deposit address, you can't possibly know if the coins are sold or not. Exchange trades are off-chain and deposit addresses belong to the exchange, not to the user. So CM could be holding 44 million NLG or zero or anything in between.
If CM is supposed to be all about profit for the miners, why would the pool be sitting on coins? Wouldn't you need to sell the coins to make the profit? If the pool is sitting on coins, wouldn't that make you upset if you knew that the pool op was using the pool not for profit, but rather to continue to disrupt a chain out of spite? I'm sure a lot of miners would like to know the answer to why there could possibly be 4 million coins sitting in storage. My guess is that this is exactly what is going on- once an algorithm change is made, and CM is kicked off the chain, Terk has enough leverage to highly manipulate price.
If there is a held cache of coins, then why hold instead of paying the miners? Seems like he's robbing the miners if that's the case. So what's the reasoning?
I'll let Terk answer that... oh yeah... nm.Possibly the cause is that it is not easy to sell them. Let's be honest, who in her sane mind is going to give away good, valuable bitcoins in order to buy that shit? I am surprised that there is some market at all for those scamcoins.
Ibistru, just curious... are you one of those "Bitcoin is the only true coin" fanatics, or are you just opposed to researching things before you comment on them? You seem to think you have Gulden pegged for a scam coin, but I'm guessing you've never even checked it out. It's hard to call something a scam coin when it's used daily by a large group of people. I think you forget that traditional financial thinkers(fiat lovers) still call Bitcoin a scam. Honestly, though, read the thread before you call it a scam coin again. You're making yourself sound obtuse.
-Fuse