imagine:
people in cryptsy are in panic, to buy altcoins which lose on average 30% ...
Now, if tomorrow was made an announcement to the date of the beginning of the affiliate program of prypto ... LOL ... we were going to see a rush to acquire CSC in cryptsy, higher than the gold rush.
It was good, if GamingCoins could lift a little more the tip of the veil....
Our business model is solid regardless of people buying CSC or not.
We now have enough coins to focus on what we are doing, we are not stopping others from doing any other business model, but CasinoCoin for us is the brand that we will use for our need.
If people sell we will buy more, if they hold then we welcome then onboard.
Quite frankly what ever the exchanges do is not going to impact what we are doing with CasinoCoin.
GC
I'm glad to see your project does not depend on any exchange ..
However it fell as a cold water bucket on me.
you say: "We now have enough coins to focus on what we are doing, we are not stopping others from doing any other business model ..."
and you also said on October 06, 2015: ". b) We Took the price from 200 and up Currently own over 5m of the coins for the purpose previously stated"
We know that at this point today, Coin Supply (CSC) = 34.235.978 CSC
So my question is very simple: to your business model, you need only 1/7 of the coins available today, and you will not need another 28 or 29 million, right?
28 or 29 million are available for other business models of others, right?
I think you are not understanding entirely what GC is saying, ... he is setting up a business/service getting casinos to use casinocoin as an affiliate program where he puts 1 CSC = 1USD. Casinos buy prypto cards from GC with predefined values, they hand them out to potential players, players deposit at the casinos, they play, cashout, win, loose, etc. If he states that he has now sufficient coins to support his business model he only states that he thinks he needs at least 5 mln usd in affialiate money to support his startup. If csc gets more widely adopted by casinos automatically more prypto cards will be requested and GC will need more CSC to fulfill those orders so thats when he will go ahead and get more coins. Other ventures are free to do the same, .. as GC states there is plenty coin left for others. If CSC gets harder to get the price will rise when demand stays solid. As soon as CSC passes 1 USD GC can open up to a public exchange as that will be the moment where CSC will surpass his guaranteed 1 CSC = 1USD value.
Man you guys are getting very nervous these days, ... if cryptsy ends it will NOT be the end of CSC, just make sure you do not leave your coins there! We did not just invest like 150 hours of development work in a new wallet and api services if we did not trust in its future potential. Calm down, take a deep breath and move on. You can now also trade at AlcurEX and AlterDice. We will NOT let this coin die off, if necessary GoldSeal and i will even startup our own dedicated CSC exchange but for now we think that is something to be done by the community or others that see a business opportunity and not by us.
O and by the way, the coinsupply indicated at
http://csc.blockexp.info/ is incorrect. The correct value is shown in the new wallet and is currently at about 34.934.435, that value is calculated on real subsidy values.
Last but not least, @SEABOND, nice first post on the CSC forum, crawl back into your hole in the ground where you apparently have been for the last few months, come back after winter sleep and be amazed at spring time ....