I am here, again. Just call me a troll, who cares? Almost a week passed and if you are not totally blind, you can see the result of your "community" action!
First, before the reduction of the block reward, there was 7,6 Ghs hashrate dedicated for this coin. Then came the 250k block and you were soo blind to not see what will happen if you reduce the block reward but artifically push down the price not to let it grow to balance this change out!
Again, NLG price should be 10 times more, around 3000 satoshi ATM to be a healthy coin!
Just look at the hashrate now it is 1,6 Ghs! In a POW system, mining is securing the blockchain. If your miners will leave you because of the low price and low block reward, then you will not have any transactions going through, you could not use your coin!
Even if you manage to get 100 Mhs of scrypt hashing power that is not enough for anything!
And there you are sitting, laughing and ordering pizzas, as everything is all right! NO, wake up! There is serious problem with this coin and this is because of some irresponsible people who think they are doing good with keeping the price down!
You should had to let the price rise even if there would be a small disturbance for a few days!
You should stop beeing in the high horses and start thinking on a solution or within a few weeks the hashrate will reach 500-300 mhs, because that is a healthy balance for this low block reward and low price.
If you want to get back your miners to secure the network then you have to find a way to higher the price somehow!
P.S.: You can post the usual "trolls are here so we are doing good" nonsenses, but you should better look around, listen to and check what I am saying because everything I said is true.
P.S.2: Before you start the other boring "sell your NLG, you have your profit...Bla...bla", yes, I invested in NLG, I still have my coins and I am worried about my investment and I do not want to loose it because of some stupid mistake and ignorance you made, and make now!
Quite a few inaccuracies you have there. I'll address a few of the more important ones.
1) Pre reward drop our hash rate was actually more like 2.5ghs - there was a temporary spike to 7ghs but this only happened *because* of the reward drop and was brought about mostly by people renting to bring the change over faster etc. Don't believe me though check the hashrate chart here yourself
http://www.coinwarz.com/cryptocurrency/coins/guldencoin - compare pre 24 August to now and you will see they are actually very close together.
2) While hash rate is important for security it doesn't effect transaction time in the way you think - in fact our block times (and thus transaction processing) is smoother than ever before.
3) Hash isn't suddenly about to drop off for at least another month as there was an IPO to rent hash for a month - if you were paying attention you would know this.
Now I will agree with you that ideally in the long/medium term the price ideally needs to go up a little (not nearly as much as you claim) to keep things healthy - but it is certainly not as urgent as you seem to think (which makes it look like you want to cash out?) the price will slowly go up when and if the time is right and the market says so. In fact it has already gone up quite a bit, it was trading at ~200 before we announced that the reduction would take place...