Quote from: astraeg on January 09, 2015, 04:08:34 AM

There is very little selling or buying. It comes down to trying to do things differently. Bytecent is only on one exchange, it has no thread on here, it is not hyped, it has a small dev team and small community. But it is promising. The aim of Bytecent is to be easy to use and mine for your uncle or aunt. Download, install, mine. Buy direct with fiat, bypass BTC and exchanges. It is a sleeper for sure and is available on hundreds of download sites. People new to cryptocurrencies will start to find it. Give it time.

That is a simpleton explanation. Fact is that:

a) The community is too small to support the coin and its price, so it will become a dead coin before it reaches ANY target audience outside of crypto.

b) Too many people simple hate/dont trust/don't like IE, in the crypto world. Viscerally so in many cases which, to me, it's only related, bottom line, to racism.

c) The mining irregularities have plagued the project from the start. It already has more than double the amount of coins -all for free- that it had when the ICO ended. Since there hasn't been any costs attached to that completely irregular amount of coins mined, logically, the price goes down. In fact, everything being equal, since there are currently more than double the number of coins than there were at the end of the ICO, the price has basically halved. Which makens sense since there has not been ANY progress whatsoever in the project since.

d) That banning shit IE has enacted of some countries/areas have been an exercise in futility that has (rightfully) enraged even people that were initially supporters of the project. The problem of over/mining -while most people cannot get hardly any coins mined in their regular computers/laptops- stinks to high heaven... even in IE and his closest friends are not benefiting. Someone is still gaming the system so to speak and getting tens of thousands of coins AND dumping them in the market, hence the downfall in the price.

All these problems will not be solved by a few people here and there, MAYBE, downloading the wallet and MAYBE, starting mining at home -to no avail, for no coins, practically, can be mined on a regular computer/laptop. So those people will dump the shit and promise themselves not to ever participate in such absurd games for pennies for constant aggravation. It will damage not just BYC but also the alts in general and the whole crypto world.

But just a little because, really, no one of any significance knows what BYC is of have ever pretended to become.

It will be a sad, pathetic side show within a couple of weeks. At the most.