Someone keeps posting their sell order into the book from time to time (roughly 60+mil i think) making the 1 sat wall over 1.2BTC. It is not the biggest wall but still it increases the amount required to 2 a lot. I have some PND that i am holding but it is really hard to see it going above 1 sat on the sell wall, at least not before we get to the "new coin" swap.
In Jan 2015 there were about 25 accounts with individual balances over 250,000 million PND (top one over 1,000,000,000 PND) and represented over 30% of all PND. Out of 12,500 wallets holding a balance 1 PND or greater, the top 60 accounts represented over 50% of all PND. The actual numbers of individuals holding the top accounts is less 60 as some owners appear to have had multiple accounts. Distribution was/is a big problem and no one knows who owns these coins, this ratio would carry forward to any supply contraction.
What this means for anybody wanting to resurrect and invest PND is the Sword of Damocles hanging over their head if any one of those top 60 accounts is redeemed on the market guess what's going to happen? All of this was agreed at the last meltdown autopsy but I don't see anything being done to address this in the new plans, deflating the number of coins on it's own will not fix this.
BTW who is the new dev team or are we just going to have to take it on trust again? PandacoinPND used to have IMHO one of the best communities of all the alt-crypto's barring the devs and pumpers who derailed the whole show. There was a sense of the bigger picture besides just trying to make a profit, if that is what you're genuinely trying to resurrect then do a full reset and start from the beginning but retain the brand. Make deals with online suppliers, think of smart new paths to distribution, raise capital, reward useful community members, assemble all the elements you need to relaunch a brand. It's a lot of hard work but better than just feeding your time, money and effort to the 0.004%. Remember this is what you're up against.
Anyway Seasons Greetings to all of you.
So right on the mark. Great to hear from you PhiPhi. You are completely the voice of reason, otherwise, it's "here we go again. Getting scammed straight to hell."
