Gabriel had some real life shit to do recently but he'll be back in a few hours probably, we have plans for an in-wallet exchange, cutting out the middle man and allowing for 0% fee p2p trading. It's always good to have exposure on an exchange , but c-cex isn't huge. The new wallet is really marketable, it's a lightweight Bitcoin AND Credits wallet, all in the small trimmed working directory.
Just because a coin isn't hyped, doesn't mean it has no value. CRE has a ton of value, and arguably has the highest potential of any crypto in existence right now. I plan on sticking with the coin and community, you never know what might happen. I think it might be useful to get another/multiple other people that can develop for the coin as well, since Gabriel understandably has his hands full doing all the wallet work himself.
Anyways, I'm happy to see you guys around and I'll try to get gabriel in here asap!
LONG LIVE CRE
+1
In all honesty i don't beleive we will be de-listed from c-cex..
But in the event we are. Another exchange will likely take us on.
I'm sitting on my CRE for now until someone develops a service where I can give it to miners for a chunk of their profit..
LONG LIVE CRE
I'll explore that possible service
Defo needs a service of some kind. I've bumped volume to just over 3btc and have personally bought nearly 2 btc of coins. I do what I can to help to promote and keep the coin exposed. Let's see
I think gabriel is coding on some nice features that will make credits marketable.
Though one thing about it is that i think credits are exploitable and therefore might never get a high value.
Let's say someone owns 100 bitcoins. He then sends these bitcoins from one address to the next each 10 minutes or each block. 3 months later he will possibly get 100 credits * 6 per hour, * 24 per day = 14400 credits per day.
I think the possibility to artificially raise the amount of credits might be a problem for the valuation of CRE.
Am i wrong?
I believe you are incorrect SebuJ.
Now, It is my understanding that a person *could* take a BTC. Claim the CRE from it. Then sell the BTC on an exchange and purchase another BTC, Then claim the CRE from that one, rinse and repeat.
However. I think the time it would take to do such a thing might be counter productive for profiting in such a way.
Ah right, i meant it that way. Didn't know why i left the exchange part out.
Though yes, the exchange would be needed and that would mean added fees for each transaction. Ingoing and outgoing. You have to beat the fee first. Then it would be work, timewise. Even though there are exchanges that only need one confirmation.
And it would be a risk since you don't know what the price of CRE will be in 3 months. At least when this timeframe will remain the same.
So when thinking that over, the low price of CRE makes it not viable at the moment. But i think it somehow means that the price can't go higher than a certain level. That would be when this kind of "work" would actually be worth it. More would do it and pushing the price down when selling the CRE to get their payout.
Though credits are far away from that yet.
