KDC is on life support here. Great services, just no one to use them. Goes to show that hypes/pump and dumps rule the day.
ETA: and I say this as a holder of 55000 KDC.. unfortunate.
So now its the pump and dump coins that have destroyed KDC? (That everyone in this thread is trying to become a part of BTW)
I thought it was the profit miners flooding the market, or the 77 KDC reward causing inflation?
No the problem is too many of you believe a low reward per block = higher price.
The reward per block serves an entirely different function and that is to support network hash rate, nothing else. You minimize the dillutive impact of the daily reward by striking a balance between reward/hash rate/market liquidity.
Now that there are few rewards per day to sell/hoard/speculate with post fork, the marketplace to exchange the coin for BTC looses efficiency increasing the BID/ASK spread and lowering trade volume detracting new money from investing/speculating in the coin which reduces efficiency further, creating a downward spiral feedback loop. As I write this the last trade on CoinedUp: 0.00001538
All the while the meager total award value per day generated by the hash detracts miners and they move on to other coins, go play golf, head to the pub...
As the overall hash decreases lower and lower the reward per day is placed in the hands of fewer and fewer miners who slowly realize there are no more buyers of the coin at any price and at some point they capitulate, the coin dies.
So until someone decides to hit the undo button and reprogram the coin to have a sustainable, stable, liquid product you might as well pull up a seat and watch the train wreck.
Thanks for giving your opinion. Please note that this coin is ONLY 2 months old, this is not a coin created to have a huge pump and then everybody dump it in a few days like happens with AuroraCoin, and what will happen soon with Mazacoin.
You can look at it on the other side. YES!!!! KDC just hit 0.00001538, I WILL BUY, what do i have to lose, nothing!!! or you can complain, and complain, and complain. Also, maybe you notice or not, but NOBODY IS SELLING!!!, so the people that are selling, i don't know why they are selling, if you can already use Klondike to buy 3000+ articles then i find that not too bad.
I don't know, did you ever watch the bitcoin graphic from 2009 till 2012, and check it now. Give a coin the time to gain popularity.
Placebo - I am not attempting to offer my opinion. I am just trying to illustrate free market mechanisms as they relate to KDC.
Just before the fork I was not present in these forums since there was nothing to speak up about, and I didn't know this was here.
Before the fork the reward for the proof of work was good, the CoinedUp exchange was liquid with a bit of volatility allowing you to participate on both sides of the market and my nearly 2Mh/s total could earn about .013 mining and .01 BTC trading the currency. 'Back then' I didnt event know this forum or thread existed, my introduction to mining was from a family member around Christmas and my first coin was DOGE. I mainly used CoinWarz and the exchanges to find coins to mine after that.
I found out about the fork by accident poking around in the forums on the main website late last week, by the time I got here to offer some market insight the fork was unstoppable.
KDC cannot be compared to any historical path of BTC, only to that of other ALT-coins for various reasons outside the scope of this reply.
If you or anyone else cares about the future of this coin or your hard work you will address these problems as they exist and not try to dismiss those who are contributing energy to the cause with our less then Utopian view of the market landscape.
Believe it or not I appreciate your hard work, and want the coin to succeed, but in order for that to happen it must be profitable for someone to mine and trade, and be liquid and stable enough for someone else to choose KDC as a store of wealth which is what a coin is, a storage of wealth.
And for what its worth and I understand the challenges, but I really think the condom in a KDC paper 'wallet' would be one of the most innovative marketing items of any coin on the market today!!
You have some good points, but maybe it is not the coin that is the problem, but the exchanges. coinmarket.io is not working for weeks, coinedup is a small exchange, lets face it, not a lot of buying is happening on other coins too, correct?
So where is the action lately? I know there was some nice actions on mintpal, and that is what we try to achieve, to get listed there. If KDC can be part of a pump and dump, then some people will do some resource, and maybe you can a few miners because of the idea behind Klondike coin. I never mine KDC with the idea of , next week i will sell it, no, i mine it with the idea, it is a nice name, a name that can be used everywhere and why not, Dogecoin is a stupid name and everybody is using it, in fact Catcoin the same, as they are promoting Cat as the fighting doge
I was even thinking this morning, maybe i just rent a rig of 100Mh/s and put it on KDC and do a little pump by myself, because face it, with only 2 BTC we are back at 6000.
Maybe Mr. Cryptsy didn't check what is happening here...