Topic: [ANN][SCRYPT] KlondikeCoin ★ Cryptsy.com ★ Prepaid VISA Cards ★ 0% Premine [KDC] - page 168. (Read 554500 times)

Wow.  Dou you even watch the CoinedUp market for KDC/BTC? The market rarely trades at the ASK and nearly all trades are at the BID.  The spread is usually .000005 BTC wide or wider.

No one is 'dumping' coin. Dumping is a practice of selling something for less than the cost to produce to obtain an advantage.  Why would a 'for profit' miner dump his coin?  He wants the highest price for the coin ALWAYS.

There is no debate here, no hash, no coin its that simple.  The current block reward of 16 coins with a market price of .00004BTC supports a net hash of 100Mh/s at the current competitive rate of all coins. That's just what it is mate.

Where/on what wallet are you seeing this? Can you go to the debug console and run the command 'getinfo' and report back the protocol version?

You can make a little money today, or a lot more money in a few months when the coin matures and the market has a new demand for a coin.

If your idea is to only make a little money today, there are more than 100 altcoins you can mine-and-dump and make a little money with..

I've done this successfully (mine-and-hold) before with Bitcoin, and Litecoin already.

No offense toldy but you sound extremely naive. Everyone is in this to make money. Miners process transactions and are rewarded with coins. What they do with that is their business and if they want to sell them cheap that is their choice. For you to call people out and label them as bad for selling what they mined makes you look dumb imo.

Can somebody explain this? Not that are complaining, just curious.

The build date still shows the same as the last update.  Am I missing something?

Feb 27 2014, 18:21:58 

A miner providing hash rate to a coin contributes in that single regard, yes.


This is where your linking is illogical.

The act of dumping coins on the market for the current price "to people willing to buy them", so you can exchange them for BTC just saturates the market before demand can increase.

Miners who believe in a coin should mine and hold those coins whenever possible.  Parting with some here and there is fine, but as long as that isn't what you primarily do..

By your recent posts, you fully admit that you mine and then sell them for BTC on a regular basis. This hurts the value of klondikecoin when you do that..

I'm not prepared to get into a long circular debate with you about these basic principles.

With that said, I'm prepared to stand behind my comments and not engage with you any further. I have to get back to my klondikecoin miners..

Wallet links of the main site have been updated, links to download the wallets in the OP have been updated.

Things are looking good, time to start pushing the coin again guys!

Also coin prices are really related to the market conditions, are we in a bull market or a bear market. If we have a situation like in November again ,then KDC will not trade at 4k sats but at 100k sats. KDC had the bad luck that it was lunched when the bear market started. When you check all the coins, i'm sure that nobody can list 10 coins that are now worth more then 3 months ago.

Toldy:

Explain to me how a miner who provides hash rate to a coin in exchange for BTC, butterflies, apple sauce or anything doesn't contribute?  You do understand it is the hive of the hash that creates the security and 'trust' of the coin don't you?  With only a small pool of enthusiastic followers all you have is a low hash coin vulnerable to attack.

I supply coins to people willing to buy them.  The argument that I somehow cheapen the value of the coin is baseless since the scarcity in this market is that of buyers and as such they set the price regardless of the supply of coins for sale.

If anything I facilitate price discovery and assume the risk of no longer owning KDC with its potential for price improvement in exchange for the risk of a falling price of BTC.  I am not some parasite to the system, I provide way more value to the coin than simply hoarding supply distorting the price if any future demand were to arise.

In summary, I provide diverse network hash and price discovery so that your dreams for this coin can live another day.  

Your right, there are many a coin to mine for reward, with that in mind 'for profit' miners should be given a little respect since without a diverse, large network hash you have no coin to be passionate about.

I am not complaining I am pointing out the realities of the market KDC competes in and the market of KDC itself.  

There is no denying the impact the reduced reward will have on the network hash of the coin absent an increase in the supply buyers.

The way so many enthusiast of this or any coin contemplate the supply and demand as it relates to the reward per block and future price is just wrong as I have tried to explain in my previous post.

Blaming 'for profit' miners for a coins price is like blaming short sellers for a stock market crash, it misses the point.

  

Price matters less in the early stages of a coin when a coin is proving to the marketplace the reason for its existence.

If KDC developers bring out new products and services that are exclusive to klondikecoin, the price will follow the market demand accordingly.

All of this fretting about current market price, and block reward BEFORE these products and services are launched is unimportant.

We've stolen the focus of them developing these products and services so the KDC developers can be berated by a tiny few people (kheg and jackdminer included) for the recent fork.

This fork may be one of the greatest things ever for KDC.  We'll see who is right in the long term. Until you can prove to me you're 100% right (which you can't), then you could be 100% wrong.

It will take a couple months for the impact of this fork to play out.  Right now I do know that the holdings of the KDC developers is greatly improved by this fork, and I support that position for them.

For the mine-and-dump complainers, I hope they do dump all their coins and stop mining, so the rest of us who are interested in klondikecoin long term and can buy their positions for cheap and take over the mining from them.

Go devs go...


P.S. For reference in a couple months in the future, today, KDC traded at a low of 0.00003570 BTC on Poloniex.com. Let's look at this again mid-summer 2014 and see if it is trading lower than this price.

Why?

I can't see it.

Hate to break it to you, in case you haven't noticed price drives the popularity of an altcoin.  Every single coin is benchmarked against BTC, because BTC matters.  I enjoyed the launch of KDC because it was a no-hype launch and the devs had clear goals and vision and seemed set on that.  Unfortunately THE COMMUNITY seemed to persuade the devs to abandon one of the original goals of that in pursuit of profits.  As far as the latter comments, I only care about price insofar as to point out the obvious but it seems as though to completely misunderstood what was said, especially since you took select excerpts rather than the statement in whole.  As far as the former comments, it's a shame I was wrong.

What price you setting your bid at?  You trading on CoinedUp?

We have two people here who I'd like to mention:

jackdminer

He's a clear mining opportunist who clearly states ".. just mining away and exchanging my coins for BTC."

That's what he does.  He mines and sells for BTC.  That type of miner never contributes to the value of a coin.  The fact that the reward is less now, is impressive.  He's finding a hundred ways to tell you that this fork was a bad idea.

The fact that someone like this isn't happy, is a good thing.  KDC needs miners who believe in the coin and are willing to mine and HOLD until KDC dev team launches more of their upcoming products and services. Mining KDC and dumping it for BTC only hurts KDC more than this fork.

Don't let the door hit you on the way out.

kheg

This person is even stranger.  Jan 10th, he says:

"does this seem like one of the better COIN launches in recent memory? Quiet, friendly, not a lot of hype, nobody really trying to get rich fast"

..and now he says:

"There's a TON of cheap KDC available, and that sets the benchmark for the price..."

"...the cycle will beget itself which in turn will drive the price down once again"

So I guess price matters to kheg now.

PEOPLE LISTEN

The market hasn't had a chance to show how it feels about the fork.  If you believe in Klondikecoin's long-term like I do, than you'll be in a buy and hold position right now.

If you're someone who mines KDC just to dump it for Bitcoin, then there are plenty of other altcoins you can mine to help leech their value and help bring their value down.

If you're someone who believes in Klondikecoin's future, you'll keep mining the coin (like I am), irregardless of the pay off today.  I believe that KDC will be worth a lot more than it is today a year from now.

If the devs keep on their path with their development, believe it or not, 16 KDC will be plenty of a reward for a block, because the demand for KDC will rise.  It all evens out in the end.

The problem isn't today's price.

The problem isn't lowering the block reward to 16 KDC

The problem isn't losing some miners or pool operators who only were mining to dump their coins for BTC

We simply need to continue letting the KDC devs do their thing and attract other interested people to this community.

I fully support the fork.  I fully support the KDC devs, and my attitude is, if you think you could do better, than go create your own coin.

I hate complainers they just drain people's energy and hurt the very thing they think they are helping.

Enough already.

We have a decent network hashrate!!!

Please have a look at altoutlet.com  and let me know what you think about that site. We should be added soon on that website.

People who want to sell, now it is the time, i will buy, planning to double my stake in the next month

It appears the CoinedUp exchange is back online!

So buy it or mine it We are working on it, believe me... Remember this is 0% pre-mine, so people are putting all their hours in for free, and they want to make this coin a success.