What's going on with RPC? Why is the price sky rocketing, now at nearly 50,000 Satoshi?
Wow! I hope this isn't a fluke!
The price is sky rocketing because the dev of rand paul coin looks like he's going to give 50% of a DPOS hard cap to holders of Ron Paul Coin on the snapshot date.
Provided Crypsty withdrawals are working the price will probably increase a lot more.
Holders of Ron Paul Coin will then get 50% of the shares in a new coin with no inflation, (as well as keeping their Ron Paul Coins) It looks like the dev is calling it Rand Paul Coin atm but I hope he calls it something related to Ron Paul too.
My current thought on this is to continue with the name Rand Paul Coin Deflationary. There was a vote on facebook that has Rand preferred over Ron as the name. If Rand does not make it as President, then we can do an easy rebrand to Ron and continue on with RPCD and everything else! It really is more what the coin is about.
I have also been contacted from someone involved with Rand Paul's candidacy and it seems quite legitimate. That is somewhat exciting! More than I expected, so I am taking this even more seriously.
So yes I have lowered RPC to 50% from 80%. My apologies to those who bought the coin with the assumption it would be 80%. I didn't quite expect this to be so popular, so I am trying my best to deliver a better value proposition to the holders. I will not lower RPC holders under 50%. The other 50% is still up in the air. The extra 30% given to people outside RPC should give more value to holders.
Please send in a trouble ticket asking Cryptsy why the RPC wallet is in maintenance. This helps no one at all, including Cryptsy. Even if they try to lock the coins up, I will spend the extra day(s) to write the logic to remove their balance from the genesis block. All they have done is made a closed market where people can no longer deposit and so the supply is artificially low.