lol thanks guys, I heard that somewhere. The question is, are you attempting to defraud people or have you just drunk the koolaid so facts don't matter?
I can personally say emphatically that I am not out defraud anyone.
Do you hope to profit from your involvement in GDLcoin? If the coin is destined to fail because it does not pass the bar to become a mainstream coin, or have any special advantages to make it a niche coin, by what other mechanism besides finding someone else willing to pay you more than your cost.
Yes and why are stating that it is destined to fail?
Are you invested in bitcoin or any alt-coins at all?
Do you expect a return on investment if so?
Did you/are you going to ask the same questions to the bitcoin and litecoin community?
Do you ask these questions to your stockbroker?
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.
First we were accused of having millions of goldcoins and that were just waiting to take GOLDCoin to an exchange and dump our coins. When that did not happen now we are again accused of making deals not to sell coins on the exchange. You think everybody got his coins free, but again you are wrong. I personally and i know others who bought most of their GLDCoins on the forum and cryptsy. You can even look it up when we were buying the coins up from start.
Take a read through this thread, people acting like they support GLDcoin are flat out saying it.
