I have great respect for the dev team and how they have built up this coin. I often tell people, and I've said in this thread as well, that they are the only team I've dealt so far with that does not over-promise or under-deliver.
That being said, when the simulator is done, I really hope the dev team will be ready to take community recommendations and move on an algo. I've pushed from the beginning to move to DIGI. Terk reaffirmed my thoughts with his comments in that PM... obviously he thinks DIGI will knock his pool out of the chain. I was swayed by one of my team members that BTM was the way to go, but we found out shortly there-after that BTM was borked, and it failed miserably. Custom algos are great and all, but I know that DIGI works, and my team has had some good initial findings with our testnet.
However, what worries me is the fact that clever is still mining NLG, even when it can't possibly be profitable. The storage/Bittrex address shows that. So why continue to mine, other than to hurt the coin on an insta-dump later on? My main concern is that regardless of the effectiveness of whatever algo we chose, Terk will use his enormous pool of hashrate to continue to rape NLG for the hell of it. I'm starting to think regardless of what he mines, he can absorb a considerable amount of profit loss to "play" with coins. NLG is just a bug under his shoe.
One thing we could do that would cut clever out of the picture is ask Bittrex to suspend trading. If that's where the coins are in fact ending up, maybe just pull the rug out from under him. Or ask the Bittrex owner to remove the API calls for NLG. Without a way to gauge exact profitability, it would be a solid argument to his miners that he is in fact using their hashes to ruin a coin, rather than making him money.
And yes, until we hear from Terk, it is all just speculation. But I'd seriously doubt he'd say anything when he knows he's the reason for 3 months worth of community angst. How could he seriously explain why he's doing what he's doing... "oh, I just didn't know"... yeah, ok.
-Fuse
I would not worry if anyone dumps this coin the price will go back to around 400 very quickly. I worked out awhile back that when NLG did rise from around 75sat to a spike at 1900sat it rose with real demand to around 480sat before speculation and PnDs came to the party. So I honestly believe any dump will be short lived with investors hoping it happens getting in at low prices of 200sat. The main reason to set lower buy orders is for desperate or impatient holders of guldencoin to dump out.
You guys would honestly commit suicide if you saw how slow updates are for other coins even in the top 30 which mainly maintain value because of very low coin supply but will never get anywhere because not enough users are able to invest in the coins at good prices. This is why Guldencoin has so much support because it's cheap to get your hands on a lot of coins and therefore brings about more people wanting to help grow the currency. I also believe the block reward halving every 4 years is really good as it gives cheap coins for a longer period of time, this is exactly how it was for bitcoin.
So buy now , help spread the word and in 4 years time with constant updates you will all be smiling.
