Price-wise, probably one of the more frustrating coins... Has a ton of potential, yet the price keeps getting hammered down repeatedly. Something not adding up.
10% insta-mine total coins.
which means 50% insta-mine coins of currently in circulation.
which means instant dump by the few who owns it as soon as the price moves up a bit
which means price will not be high for at least 6 months.
to make matters even worse they decreased the number of coins from 80 mil to 20 mil which makes the coin distribution even more unfair.
Yet apparently worth your time to troll.
Of course, perhaps your time is just worth very little. The hardcore facts suggest so.
Don't call him a troll - he's right. It would explain what's wrong with this coin marketwise. Every time it makes headway towards 20, no matter how strong or substantive the news, it gets dragged down (I wouldn't say hammered). My question, to Darkcoin believers, and to those who know how much of this "overhead supply" is out there - how long before it's run down?
Is 6-months a likely scenario - is that how much longer there is to wait before the road is cleared so this coin can rise above 20? And for those asking for patience, it's been like this for weeks/months while a number of other coins, with much less substance/news, have soared. The opportunity cost for holders of this coin has been huge (then again, so has the benefit of being spared from the volatility of scam/blipcoins).
I'm hopeful Darksend coming out to full release and the marketing push will help give this coin the massive attention it deserves. But dont dismiss those frustrated with its treatment on the exchanges so far - its price behavior has not been normal.
I dont think you're right, this coin has gone through many stages, it's pretty unlikely that someone knew how big this coin would become when it was called xCoin, had a few people involved and had got almost no attention. Anonymity has only come into works the last 2 months, before that it was a matter of belief and speculation.
Perhaps some people own a big percentage of the coins, but that could just as well be due to someone buying up a lot of cheap coins in the start.
Also, there is no coin with a fair distribution, it's all about gambling, speculation and innovation.
