Post
Topic
Board Announcements (Altcoins)
Re: [ANN][SPR] SpreadCoin | True Decentralization (No Pools)
by
tminer
on 25/01/2015, 06:06:30 UTC
some suggestions for price stabilization

1 .we need to attract to more miners to get the network hash to skyrocket. so spread really spreads and it would difficult to get spr, which in turns increases the price, the miner here also profited because of high value.
{getting 100 spr worth .1 usd = getting 1 spr worth 10 usd}

2. Cut the supply.  presently around 9000cns/day. At 41k sathoshi- daily 3.69 btc  to be pumped into market to get price stable, currently with few people aware of spr, it is not possible for a long time. so cutting coin supply to around 3000 would be better considering supply of btc/day.

3.Pump spr to around 2-5 usd and (at this stage it can easily done with few btcs ) and getting into more exchanges like cryptsy, bter etc, do some promotions to get more daily investors to keep price stable at 2 usd, with in turn attracts more miners and step one can be achieved.

idea of no-pools is a good one, which may be a greater factor for long term adoption, but altcoin market changes every day, new technology arrives each time, so we need to compete with them, so price is a major factor for to compete with, rather than die prematurely.[consider darkcoin-They are innovative at the same time with decent price]

InstantX may going to be our nuclear-weapon, if it gets implemented before dark and we get significant coverage in coindesk and other leading medias.

Edit: i think step 2 to be seriously considered because it takes around four years to reach 4725 coins/day