or without dev we are able to save items for bittrex? What an idea? Strictly speaking, according to the announcement, a dev is not crucial ...
“If you'd like to see them stick around, the best thing to do is spread the word and get the market active again.”Qubitcoin had a reasonable chance of long-term success if the community proved to be sufficiently coherent and cohesive.
Unfortunately, it seems those who put themselves forward as movers and shakers weren't up to the task; c.f. the languishing Qubitcoin Foundation (@Krecu, @Aseron, @Lugren, @Featon and @jackthecoiner: now is the time to step forward with your long-laid plans for how the Foundation will support and promote the coin), an unimpressive track record in developing the coin to have broader or deeper appeal and the stand-in dev's blanket, defensively hostile response to technical contributions from the community.
But this
exact scenario has been played out before, many times. There are countless sad threads on bitcointalk recording just such a gradual decline, with bagholders strenuously but ineffectually expressing a fervent belief that things will somehow magically improve, intoning "to the mooon" as though it has some mystic, tantric force.
In these funereal threads, posting activity gradually peters out over a couple of months as, one by one, the pools shut down the nodes that are keeping the blockchain active and distributed. Nodes advertised by DNS seeds have long since been shut down, the remaining coin users are reduced to passing "addnode" lists back and forth. Eventually, activity dies out completely save for the occasional enquiring post from a fossicker looking for refurb pickings. The wallet code is usually still available from a github repos, the code still compiles and the client wallet still works exactly as designed but there's no longer a connected network to hook up to and then even hobby mining becomes pointless.
As a technical coin, Qubitcoin was facing a stiff challenge from the start in terms of broadening the appeal. It's true that the hashing "algorithm" (a simple chaining of five otherwise-separate hashing functions) remains unique - but now only in its arbitrarily-restricted choice of chain length. The coin's main technical selling point has simply been obsoleted, leaving Qubitcoin to rely on the strength of the community that it has been busily developing since the launch - oh, wait.
Well perhaps a marketing campaign, then?
Unfortunately, whipping up a marketing campaign is completely out of court. The simplistic "premine == scam" attitude that constrained this coin's launch leaves a poison pill behind - a complete lack of resources to fund development, marketing or indeed any promotional activity at all.
To summarise: this coin is based on an obsoleted technical selling point with no current appeal, zero or near-zero community spirit (unable even to establish the basics of a foundation), zero development/marketing funds, zero coin resources, a rapidly-diminishing profitability, almost no movement on exchanges, zero general use of the coin other than hodling.
The only way for Qubitcoin to survive the autumn is for the bagholders^Wcommunity to get off its collective butt and break some sweat in order to maintain the value of its collective investment. In the absence of a stream of innovative and useful suggestions, I recommend a close reading of the "Whitecoin Master To-Do List" as a possible starting point and as a broad outline of what
should have been happening since Day 1.
http://whitecoin.info/news/whitecoin-master-todo-list-051514/Sadly yours,
Graham