Some good developments coming but its time to firm up the price. Some dummie has created a bot for Bittrex and is autoselling at the cheapest price all day. I assume hes a solo miner or some such shit.
When you have a miner willing to take .012 CENTS per block it really is hurting the price. Theres two ways this can be handled. Apply more hashing power or push the price up with BTC directly. Since ASIC is coming I suggest an Asic-friendly approach. Get bigger hash on the coin and make the vaue rise that way. Just some thoughts I been having.
You make valid points. Right now low-hash miners are being rewarded quite a bit. The ones who hold will make a ton of dough. But the train is leaving the station for low hash. I agree that an ASIC friendly approach makes sense. There's no turning back once a new technology is introduced. I believe the dev (but I'm not speaking for him) has one fork planned in the foreseeable future that will allow that to happen.
The low price is making it hard to get listed on larger exchanges. Worse, the coin market counters don't even have most of the exchanges we're on listed so the volume looks even more paltry than it is. In any event these are all small problems that can be overcome.
Personally I don't think its worth chasing after the current flavor of the moment concept. (X11 with PoW/PoS) etc. Those ideas will be forgotten after the ASIC invasion. Right now people are making money in a stop gap manner. Whether it continues or not is anyone's guess.
We have a few major announcements that are coming this week that should help establish PCN even more.
As I stated in an earlier post all of this is Phase One - which will last 3 months from the date of launch (March 13, 2014). This phase involves SURVIVING and building a base of users, fans, and services. That's exactly what's happening.