The thing about this coin is if transaction times are supposed to be bad, for less merchant adoption, and you will probably the only merchant accepting it, wont it affect the value if you do something wrong, would the coin even have any value?
I didn't say we wanted less merchants, just that I expect them to pick other coins for their speed. There is no premine or IPO, I am the only one taking a risk by putting my own money up to fund the orders. Calculated risk and I'm ok with the odds
how long are confirm times on average for unattainium? Maybe you merchants who are willing to accept 1 confirm, or even 0 confirms such as steambitshop might adopt this. Im quite interwsted as to why you are willing to put up your funda like this? Maybe, if i get my antminer s1back i could mine this. Depends on the pricing of the hardware that will go on sale.
I see it as a circular business model. Let's say, for simplicity, I hold 100 UNAT. If I make a sale, but lose $20 on that transaction, holding the coins in my wallet instead of dumping them will hopefully increase the price per coin by $.21, putting me in the black on the balance sheet. Now, by offering SHA hardware first, I am counting on (at least) a small portion of those sold for UNAT to be put back into the mining network, raising difficulty, and making each individual coin worth just a little bit more
Basically, I'm just buying the coins from customers, but instead of giving you BTC, you will receive mining hardware
It all looks very promising and interesting, you certainly do seem to have grabbed my attention, but what happens after you receive the coins from selling hardware? Will there be an escrow service? Will you sell off a % of coins to help circulation in market or will you just hoard all of them?
There are already a few interested people in #Unattainium - I believe escrow will not be necessary once people see them getting their miners. I just hope some people post proof they received
In reference to tracking your own purchase...without spilling the beans quite yet, I have been following another coin closely and I am going to take their idea of how to process sales and push it to the next level for ease of tracking and proof of purchasing the equipment
Well, if this coin does launch properly, i would imagine lots of miners mining it, and then they WILL HODL until the merchant shop is released, from there on price will just shoot up, either way, if this thing launches i will be there and im in
The coin is already out and on block 49 currently after a week of mining. The shop is not yet live
my bad, 5am and still no sleep, once i have my hands on my miner i will mine this coin like ive never mined before, i would like to get my hands on some before the merchant ship is released.
