Topic: [NLG] The great Gulden thread - page 26. (Read 14205 times)

Bittrex volumes have been declining since December, from rank 1 to rank 19 in volume. I personally like the exchange but because they based in the US they have to follow strict laws.

As you can see the thin buy orders have kept the sat price stable, if someone dumps to 500, it's easy to pick it up above 700 sat and they lose a lot of proft. Place small bids and collect Gulden slowly. PoW miners will always be dumping at a constant flow.

Bittrex volumes have been declining since December, from rank 1 to rank 19 in volume. I personally like the exchange but because they based in the US they have to follow strict laws.

As you can see the thin buy orders have kept the sat price stable, if someone dumps to 500, it's easy to pick it up above 700 sat and they lose a lot of proft. Place small bids and collect Gulden slowly. PoW miners will always be dumping at a constant flow.

That will not happend

https://bitcointalksearch.org/topic/het-grote-gulden-topic-guldencom-4769025

Has the community thought about getting on Binance, a lot of traders on that exchange.

I do not know about the sucking your dick part but thx for supporting   

I have bitcoin supporting the prices on bittrex, I will do my best to keep the coin above 650sat, but a lot of selling pressure from traders, miners and witnesses. You can all suck my dick later for keeping the prices from falling to 500sat.

There is not even 1 full bitcoin of orders above 650sat. The highest single order I see is around 37k NLG, I assume that is you. Please bring at least 5+BTC if you want anything sucked at all.

Late reaction but nice article again !!

I will ship you some Gulden for coffee later on  ;

Some news and calculations on the witness accounts.
http://guldenbites.com/2018/07/26/gulden_savings_deposit_great_success/

This man gets it! Kudos back!

As Rich P. pointed out multiple times he's not here to attack the price but to criticise the background of Gulden and the shady actions of hiding some informations.

Kudos to the Ghandi transition btw. Rich  

I am going to stop posting after we reach -600sat, then 4000sat, so I can retire.

As Rich P. pointed out multiple times he's not here to attack the price but to criticise the background of Gulden and the shady actions of hiding some informations.

Kudos to the Ghandi transition btw. Rich  

Trolls, your not needed to keep the price down, your job here is done.

The unintended consequences of witnessing rewards and possible solutions.

I wanted to wait a week after witnessing had started to confront this issue that most PoS coins suffer from and what makes DASH successful with it's masternode rewards. Witnessing from a technical stand point is a marvel that I would agree with most trolls has gone without much recognition outside of the gulden community.  PoW2 has made Gulden the most secure block chain in crypto against a 51% attack because you need to have 70% of the total witness coins and mining power to perform one.

Where is the problem?

There is less incentive for gulden users to buy coins as they start to earn witness rewards. I have seen the same problem with coins that switch to PoS or a hybrid version of PoS and the community assumes with less dumping from miners there will be more buying pressure. This cannot be further from the truth.

The bittrex buy orders have shrunk to 4 btc at the lowest satoshi price Gulden has had in recent memory. Under normal circumstance users would be buying these prices up.

Why Dash can maintain a high value

Dash's PoW reward has decreased to 1.6 coins per block every 2.5 minutes with a growing base of users.  It's simple economics.

What will Gulden developers be forced to do before the end of the year as despair takes hold of all the users?

The gulden developers will need to ask themselves this question...

Is the amount of new daily users enough to maintain a respectable price in the future with a PoW reward of 80?

There is a few options on the table if the answer is no.

1. Introduce a PoW reward reduction at certain intervals in order for demand to match supply and eventually for demand to surpass supply. A rising price is free marketing.
2. A valuable, penetrative and ongoing marketing campaign.
3. Approach businesses to make use of the Gulden block chain.
4. All of the above.

I think the marketing towards the crowd shouldn't be about witnessing. With the Raspberry Pi setup and port forwarding, I see this as a feature for Investors and Nerds. If you lower the lock amount, the period time would go through the roof, which wouldn't align with running a 24/7 device for that at some point.

What marketing should rather target is the security through the combination of PoW and Witnessing. Verified transactions in 2.5 minutes which makes it comparable to credit cards and the outlook to 0 block confirmations possibility.

Of course the people in here (me too) are hyped about witnessing but I don't see that this is the selling argument for the "casuals".

i agree with 2 and 3, i dont have the technical knowledge to have an opinion how 1. would work out.