Well because I have a full-time job I don't get to sit on the forums all day an work out what the fuck is going on.
To me it looks like a big mess and I'm not even really sure who is who around here anymore. I started back in this place about 2010. I was here when the very first ever alt coins launched. There were many coins that got talked down by trolls that actually turned out to be very lucrative (e.g. ppcoin). Some people even got very shitty when name coin was released as they thought it was a threat to bitcoin.
Of course other times people have been right (for instance Asiacoin) but it was hard to tell if they were giving a genuine warning or if they were just trolls embroiled in coin wars.
I don't know why the coin has dropped such and if it's the fault of the current development team or if it is a campaign by trolls to try to destroy the coin.
Right now there is no point in me selling them because I will get very little for my coins. At the same time there is very little point in me buying more as I already have a lot of these coins.
I am mainly interested in waiting for the next wallet and using that to PoS mine Libertycoin. I am hoping for a higher percentage PoS rate and perhaps we can have a slightly higher percentage with each new wallet release.
Well unless Templar77 releases a new wallet paying higher pos it wont come. Myself and some of the others from the community takeover project have stopped all work on XLB as long as Templar77 runs it. We had a wallet set up with check pints and updates. He copied those parts and put into his existing wallet because exchanges wouldn't update to the new wallet (becuse temp the dev is still active) which worked with the orig one until he copied our checkpoints and changed values in the orig. It caused orphans and a fork. We had to use his wallet or the coin was dead then. I recommend and still do that everyone use temps wallet to recover their coins trade whatever. We divested ourselves from the development of Libertycoin. Temp said we are his "sheep and work for him" well we don't. The price is indicative of what the community and markets think of his lead with the coin. To quote Templar77 aka Libertycoin "I don't care about price. It's not the devs job to care about price" "This is my baby" "You are sheep you work for me" oh and my favorite "coins don't die from price". He is putting that into test with your coins. 100 sat. How long will it stay on the exchanges. once they delist it it's dead except on your computer. Bittrex is delisting it. The xlb multipool is no longer supporting it or paying in xlb. That bought xlb from shit coins sold. Now no steady regular buy of XLB.
It took as a month or so to develop and set up things like the multipool, new wallet, FB multicoin tipping app (xlb is a coin choice for now), mac wallet, some others as wll, and almost released Android wallet (its ready but will be applied to the new coin) and had Zerocash ready for mid August release with pos change to 3%. Not gonna happen now.
It took Templar77 4 days to destroy it all. Some one call CPS (coin protection services) as temp is killing his "baby"
FYI Where i live its CPS (child protection services) for abused children.