All the webpages, facebook, tsu.co look great! Still haven't sold one coin since the beginning.
The constant selling pressure created by the miners just dumping immediately at any price make it really hard for the coin to grow naturally.
So how do other coins that are in it for the long run create buying pressure ? I know Diamond Coin has interesting ways to keep buying up everyday by swapping BTC mining through buys on their coin.
It's feeling like death by 1,000 tiny cuts here. None of the large investors or the Dev have sold any coins but the slow dump, dump, dump, dump every single hour for weeks on end by miners is not giving the coin room to organically grow. So does anyone have any theories or ideas on what to do ? I and many others believe in the coin and the dev but the coin needs a respite from constant dump pressure.
Please others chime in. You know in Silicon Valley they put small companies in incubators to let them grow. I don't know.. Any thoughts from others on how we can get this coin to grow ?
What the dev and the coin are trying to do are important.
A charity with 100% transparency down to the level of tracking each donation.. I mean where is transparency like that in the normal world ? I know it's made me really upset that I don't know where my money goes and people aren't help. This is a big deal that we can track each donation and have our say in it..
I agree.
But i wouldnt blame "miners" generally. They are part of the process indeed, but the "blind dumping" is done by bots.
Namely bots from multipools paying their miners in btc.
They automaticly dump the coins mined by the pool to whatever bids are present.
They never stop. Unless ofcourse, the difficulty becomes too high, or price too low.
But you cant really fight a pool either... I think this is the reason many coins transition to POS.
First phase: Make and spread coins by mining.
Second phase : Just trade coins .. some new coins made from POS as reward for those staking and keeping the nodes and net up.
Alternatives with POW can also be imagined... like less reward, but still enough to keep the net going.
More coins =less value per coin
Less coins = more exclusive and valuable.
Burning coins is also a way. But that means someone has to sacrifice some.