I don't see the problem, someone sold @ 113 because mintpal (day trading scum) was bailed out, not because of the lack of press.
Aaaah yes, that explains why prices are down on bter. Must be the butterfly effect
arbitrage much?
Oh, and no problem with low prices for the past few weeks, in fact I'm really happy it went like this! Because if you had your share to the network inflated away by the bail out you could get it back for peanuts.
@Dev team, thank you.
Thanks for explaining your logic.
So let me just check to make sure I understand.
... someone sold @ 113 because mintpal (day trading scum) was bailed out
So because mintpal (who are day trading scum, even though they are an exchange and not traders - and actually make their money from the traders) were bailed out, someone waited until the price had dropped to a low of 113 to sell.
Personally I find DailyModo and brightlights opinions more convincing.
I agree that no matter how hard the devs work it will never be good enough unless the community/ outside world can see progress. I also believe that we need the chainofconflict website up with a holding page saying that the game is coming soon and perhaps providing teaser photos/ videos and maybe competitions with C2 as the prize. Additionally as soon as is feasible a counter should be added to the website for a countdown to release. Or perhaps you feel the current website
http://www.chainofconflict.com generates a better feel good factor and more confidence?
In your last post you thanked the Dev team for the low price. I hope you are not insinuating that they were instrumental in deliberately dropping the price?
I see I need to define a few things.
A colloquial dictionary by Graham;
MintPal day trading scum:
Anyone who kept (or keeps) their coins on mintpal and did not secure the blockchain by staking thus enabling the 51% attack to occur resulting in an inflation in the base amount of c2 from 60 to 100 million so as to 'make right' the very people who did not secure the blockchain in the first place by stealing from those who did secure the blockchain.
(I didn't lose c2 during the attack, mintpal lost BTC and day trading scum had their c2 account balance held for ransom).
MintPal:
Dog and fucking pony show of an exchange who is (mintpalJay is)........
A. Incompetent. By which I inference that mintpal has no internal audit system to ensure wallet holdings are at all times equal to account balances which enabled the 51% attacker to successfully dupe coins into mintpal not once, but approximately 15 fucking times.
B. A lying cunt. By which I refer to Mintpals assertion that it uses secure cold storeage wallets (as stated on the site) but recently managed to have its whole VeriCoin holding (30% of all VeriCoin) stolen. Cold wallet my ass.
So using these definitions. The forking from 60 to 100 million to bail out mintpal for the BTC it lost because of its own incompetence which then made good mintpal day trading scum eroded the c2 stake of anyone securing the blockchain and allowed the scum to (shock of all shocks) dump their c2 all the way down to 113.
This of course is predicated upon the idea that the attack wasn't mintpal in the first place stealing BTC to cover another breach in security because I find it hard to believe anyone who can spell bitcoin is a lax as mintpalJay is.
Which leads me onto why I'm happy it's at 113 now and why I thanked the devs.
Why I'm happy!
I secured the blockchain and had my effective c2 reduced by 40%. Well that sucked by hey, no worries. With the cost of c2 so low I can, for very little btc, increase the size of my holding back to my original % of the base c2 amount (in fact I have doubled my stake). This makes me happy because it means anyone who got burned by the inflation can increase their stake right now for next to nothing which renders the attack, for me at least, null and void (and in fact, a beneficial act).
Why I thanked the devs.........
Is it because the devs are causing the low price? Well given how much people here cry like babies about media and information required to raise the price what do you think, does the lack of media and information not reflect in the market price and are the dev team not the font from which such information springs?
Are they instrumental in dropping the price?
If they are, I applaud them, their actions gives guys who got burned a chance to make themselves whole for very little BTC.
If they aren't, I applaud them, their actions inadvertently give guys who got burned a chance to make themselves whole for very little BTC.
Meh.
Oh, and about the websites and what not.
I don't think the dev's are luddites, I'm sure they'll release something, which, when they release, will be fantastic. But do I think the website is ok as is? YES!
Why?
Because beggars can't be choosers. If you personally don't contribute to the project you are a beggar, like, on the street asking for change.
You hold c2? cool story bro, but c2 was given away for free, not IPO'd. You didn't give anything to the dev team and so the dev team don't owe you anything. don't like it? sell to me @ 113