Hi MastiffCoin Supporters,
I felt the need to comment here today. I'm sure your dev doesn't intend anything untoward here, but I just thought I'd point out your coin recycler has targeted a coin that has great potential and a great community. The WhiteCoin Foundation is in the process of registering as an official foundation in Canada, and we have numerous other projects underway, including a totally revolutionary kind of price support.
Considering the price trend on WhiteCoin has reversed, it has my instincts wondering if this is just an oversight on your dev's part... or a hope to cash in. It is definitely a bit odd that a coin still trying to be listed on larger exchanges would offer to "recycle" a coin ranked 56th in marketcap and 29th for volume out of hundreds of coins.
In any event I'm sure this is just a miscommunication to do with when WhiteCoin's control was transferred to its community, and we wish you all the best in your work.
With Respect,
Chris Salsman
Acting President
The WhiteCoin Foundation
For further information on whitecoin:
https://bitcointalksearch.org/topic/ann-wc-whitecoin-big-news-foundation-investors-more-whitecoininfo-568517As far as I understand it, the recycler is indiscriminate and works with any coin rather than targeting a paticular coin or coins. Whitecoin was just used as an example.
Hopefully that's the case, it just felt odd to our community the way in which some of the language is being used here. This is essentially a coin dump mechanism, while very unique and interesting, I think your dev could have chosen a coin more suited for recycling. With some of the price rise predictions being put out by analysts re whitecoin, I felt it was important to be noted for both of our community's sakes.
If your community submitted a great deal of WhiteCoin to this mechanism and then a price rise followed, people will question the integrity of your devs, plain and simple.
I do believe there is nothing untoward here, but people cry Scam/FUD at the slightest drop of a hat, and this has the potential to create animosity between our two communities. I'd respectfully request your dev switch out to another coin for its alpha test.
Best of luck in your endeavours,
Chris