Id like to tell you guys im still here i have been a little busy but still throwing a few hashes at Klondike, your a nice team don't loose faith i would like to see Klondike do well you all deserve it and id be happy too
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Thankyou
POst planned for the net hash remained around 400, then the bad fork happened and after we had around 200 and the price suffered. Coinmarket.io exploded, poolionix or however it is spelt have been put into a temporary coma and coinedup is slowly being left to die.
The point is you cannot blame the fork for KDC's loss of traction, it is a series of events that have led to this downturn. Prior to the fork ~100k coins were being minted a day.
That means if those 100,000 coins were dumped on the market each day at 4k satoshis which is around what we were trading at then there would have needed to have been 4btc's of volume + whatever else was being traded to eat them up. Whilst i know some miners would hold, 4btc is nearly 10% of coinedups total exchange volume - do you really think we would be doing any better if we hadn't forked and were in the position we are in now with the exchanges?
Do you mean to say you expected the hash rate to remain at 400 Mh after the fork? How would you expect that when the paycheck was cut so drastically? The daily reward from mining was not just dumped on the market, a seller always wants the highest price and a good miner puts his sell orders in at various points above the BID, always! If anything the daily reward facilitated price discovery and provided market liquidity on top of 400 Mh!
You can blame the stars and the moon until the cows come home, the fundamentals today are 1 Mh/day cost .008 BTC, that's why the net hash as declined since the fork...
Everything else is irrelevantIf you all think this coin is on life support today just wait until the block reward is 4! You can't adjust price with the block reward if you could it would be done and all these coins would have passed the moon and be half way to Uranus!
The price will do what the price will do, what coin devs need to do is secure and market the coin. The marketing appears to be going smoothly, the change in reward compromised security.
The marketing efforts will be in vain without addressing the vulnerability of the coin.
If this community just wants to sit around and wait and see, KDC will become one of the coins of the crypto bubble. I believe it is as good a coin as any to become a viable transactional electronic currency, however most of you would disagree with me on the price target for such a coin.