DigitalCoin and Nibble, both great launches in my opinion. Lowering the block reward when difficulty is next to nothing works well, promotes more even distribution of coins. It's an elegant way of dealing with the early orphan issues. Also from what I've seen there seems to be less people dumping those coins so far.
While there's less potential profit to jumping on these coins early, I think this puts off miners looking to rake in 1000s of coins, allowing for more natural hashrate growth. The biggest detriment to these new coins is people looking to dump them on an exchange right from the get go, and if people have less coins they might think twice about dumping them all at once.
Topic: How much hope is there for any new coin not to be dumped to death? - page 2. (Read 1290 times)
What features could a new coin have to avoid the pump and dump quick deaths that have taken down so many others? I see WorldCoin with a fair and smooth launch, with fast transaction times and some thought was shown with the retargeting to not fall into the problem that hurt FeatherCoin so bad. WorldCoin seems like a coin with potential, yet all I see is massive amounts of dumping at whatever the top offer is on bter and mcx, even if the top offer is lowballing recent bids and purchases.
Watching these two exchanges for a while, it seems like WDC miners would not hesitate to dump their coins for half or even less than the current bids if that was what was offered. To an extent I can see taking the guaranteed profits because it is still very lucrative, but when multiple 1K+ dumps are transacted literally one second after someone purchased at a much higher price over and over again, you have to wonder if any coin can really survive like this. I have watched all afternoon as people clearly dumped the second their WDC hit their exchange accounts. There is no other explanation, as waiting 5 seconds to view the order history would have yielded them better prices time and again.
What could be done to minimize at least some of the most incompetent of dumpers? PPC tried adding interest for coins held in one's wallet. Could a larger interest rate coupled with the other features of WorldCoin fair better for a potential coin? Can any new coin survive the growing number of dump miners that will sell at virtually any price above zero? I'm wondering if even LTC would survive if launched today in such conditions if 99% of the coins mined were instantly dumped for whatever someone was willing to pay.
I'm all for a third coin surviving long term, and perhaps I am jumping the gun in posting this so soon after WDC hit the exchanges, but it just seems like this one is going to play out like all the rest and it seems like a good coin.
Watching these two exchanges for a while, it seems like WDC miners would not hesitate to dump their coins for half or even less than the current bids if that was what was offered. To an extent I can see taking the guaranteed profits because it is still very lucrative, but when multiple 1K+ dumps are transacted literally one second after someone purchased at a much higher price over and over again, you have to wonder if any coin can really survive like this. I have watched all afternoon as people clearly dumped the second their WDC hit their exchange accounts. There is no other explanation, as waiting 5 seconds to view the order history would have yielded them better prices time and again.
What could be done to minimize at least some of the most incompetent of dumpers? PPC tried adding interest for coins held in one's wallet. Could a larger interest rate coupled with the other features of WorldCoin fair better for a potential coin? Can any new coin survive the growing number of dump miners that will sell at virtually any price above zero? I'm wondering if even LTC would survive if launched today in such conditions if 99% of the coins mined were instantly dumped for whatever someone was willing to pay.
I'm all for a third coin surviving long term, and perhaps I am jumping the gun in posting this so soon after WDC hit the exchanges, but it just seems like this one is going to play out like all the rest and it seems like a good coin.
From what I've noticed, the great coin killer, seems to be difficulty. Difficulty gets too high, the bulk of people stop mining it, and go to something profitable. It doesn't seem to hold its value long enough, for the diff to go down, and people to go back to mining it again, LTC being the exception, of course. WDC has had a promising day, in the exchange. The instant transactions are nice. The orphan blocks are a bit of a pita. I guess that's one thing Digicoin has on WDC, and it may catch on, after WDC diff rises. Only time will tell.
*Edit* Time based diff adjustments, as opposed to block based ones, may help mitigate this...We'll see
What features could a new coin have to avoid the pump and dump quick deaths that have taken down so many others? I see WorldCoin with a fair and smooth launch, with fast transaction times and some thought was shown with the retargeting to not fall into the problem that hurt FeatherCoin so bad. WorldCoin seems like a coin with potential, yet all I see is massive amounts of dumping at whatever the top offer is on bter and mcx, even if the top offer is lowballing recent bids and purchases.
Watching these two exchanges for a while, it seems like WDC miners would not hesitate to dump their coins for half or even less than the current bids if that was what was offered. To an extent I can see taking the guaranteed profits because it is still very lucrative, but when multiple 1K+ dumps are transacted literally one second after someone purchased at a much higher price over and over again, you have to wonder if any coin can really survive like this. I have watched all afternoon as people clearly dumped the second their WDC hit their exchange accounts. There is no other explanation, as waiting 5 seconds to view the order history would have yielded them better prices time and again.
What could be done to minimize at least some of the most incompetent of dumpers? PPC tried adding interest for coins held in one's wallet. Could a larger interest rate coupled with the other features of WorldCoin fair better for a potential coin? Can any new coin survive the growing number of dump miners that will sell at virtually any price above zero? I'm wondering if even LTC would survive if launched today in such conditions if 99% of the coins mined were instantly dumped for whatever someone was willing to pay.
I'm all for a third coin surviving long term, and perhaps I am jumping the gun in posting this so soon after WDC hit the exchanges, but it just seems like this one is going to play out like all the rest and it seems like a good coin.
Watching these two exchanges for a while, it seems like WDC miners would not hesitate to dump their coins for half or even less than the current bids if that was what was offered. To an extent I can see taking the guaranteed profits because it is still very lucrative, but when multiple 1K+ dumps are transacted literally one second after someone purchased at a much higher price over and over again, you have to wonder if any coin can really survive like this. I have watched all afternoon as people clearly dumped the second their WDC hit their exchange accounts. There is no other explanation, as waiting 5 seconds to view the order history would have yielded them better prices time and again.
What could be done to minimize at least some of the most incompetent of dumpers? PPC tried adding interest for coins held in one's wallet. Could a larger interest rate coupled with the other features of WorldCoin fair better for a potential coin? Can any new coin survive the growing number of dump miners that will sell at virtually any price above zero? I'm wondering if even LTC would survive if launched today in such conditions if 99% of the coins mined were instantly dumped for whatever someone was willing to pay.
I'm all for a third coin surviving long term, and perhaps I am jumping the gun in posting this so soon after WDC hit the exchanges, but it just seems like this one is going to play out like all the rest and it seems like a good coin.
Jump to: