Topic: GLDCOIN @ Cryptsy! YAY (Read 6469 times)

Look at the blockchain, see where all the first coins went, and where they ended up.  Someone got a massive amount of coins. Millions.  And they sent them all somewhere Friday morning.  My guess, cryptsy...

I actually believed in Gold Coin and had near 200k.  Not anymore after seeing that.

The Dev mined 2 million plus, gave some away to look like a hero, then dumped them all.  I investigated on my own its easy to do.

Dump your GLD and buy Nibbles (no exchange for us yet).  Our coin has no pre-mining, insta-mining, and our release was fair.  The fairest of any.

I'm not trolling, I'm trying to help you guys out.  We'd love to have your enthusiasm on our team...

nibble is a failure, leave us alone we love our gold

Look at the blockchain, see where all the first coins went, and where they ended up.  Someone got a massive amount of coins. Millions.  And they sent them all somewhere Friday morning.  My guess, cryptsy...

I actually believed in Gold Coin and had near 200k.  Not anymore after seeing that.

The Dev mined 2 million plus, gave some away to look like a hero, then dumped them all.  I investigated on my own its easy to do.

Dump your GLD and buy Nibbles (no exchange for us yet).  Our coin has no pre-mining, insta-mining, and our release was fair.  The fairest of any.

I'm not trolling, I'm trying to help you guys out.  We'd love to have your enthusiasm on our team...

When you introduce a new cryptocurrency, it has to be *better* than the status quo, because otherwise there is no reason for anyone not involved with speculative initial phase to ever buy or use it.  Sure, right now you guys are one big happy family all agreeing to not sell your coins because that will rise the overall value, but it's that collussion that perpetuates the fraud.  If the policy was "Ok everybody do what you want and lets see where this goes" it would be fine, and the market would reflect reality - But because many of the major players appear to have agreed to limit the supply available to the market, it means you're waiting to sell until you've profited.

So in order for you to profit, you have to sell to someone willing to pay more to you than it was worth to you in cost, which is a very low number since its a brand new alt that is just not getting a little harder to mine.  Lacking any advantages, any differences, really anything besides a 'marketable name" that means you're looking for suckers who will ignore the fundamentals (it's not any better than anything else, so it has almost no chance of being adopted because it offers no advantage to incentivize such adoption) and pay you a higher price not because it fixes any problems or has a chance of adoption, but instead because they think they too will be able to find a sucker willing to buy it from them for more than they paid for it.

You're acting like that's not how a scam works, but actually - it is.   If you hope to profit from this coin, you can only do so by getting other people to value it despite the fact there is no reason to.

I'm not saying GLDcoin is the only one, just that it by all appearances is one.  I haven't had time to look into other coins, trying to be through in developing my opinion about GLDcoin.  You guys might be well intentioned, but it's very short-sighted to say "I hope to profit" and still act like having a gentlemans agreement amongst major holders isn't collussion to keep the price artificially high.  This of course causes the greater "profitability" of the coin vs. alternatives, which encourages more people to mine it, etc.   Again, I get why you first generation miners or people who got pre-mined coins for free want to be involved - Money for nothing!   But the logic fails at that point.

I very much have these questions about every other coin, it's just that Bitcoin and Litecoin (recently) have gotten stuck in a positive feedback loop that makes these concerns fall away as legitimate utility takes the place.   it's not that GLDcoin doesn't have that same utility, it's just that mirroring it is not enough to justify using GLDcoin vs. any of the more establish alternatives.