Re: [ANN] SpreadCoin | True Decentralization (No Pools) | Testing New Masternodes
coins101 on market rigging:
coins101 explaining that otoh is currently rigging the DRK price:
One can only conclude that DRK should thus also be available at a significant discount to market price, and wonder why coins101 is not in the DRK thread demanding this?
Because there is price manipulation, I think there should be a significant market discount to the market price.
coins101 explaining that otoh is currently rigging the DRK price:
otoh has a put a price floor on DRK at 0.007. He has open orders around 400-500 BTC DRK on finex and 100 BTC on Cryptsy.
One can only conclude that DRK should thus also be available at a significant discount to market price, and wonder why coins101 is not in the DRK thread demanding this?
Believe it or not, I have actually thought about it. But he is a buyer on the open market, where supply is pretty liquid.
SPR doesn't have liquidity. It never has; mainly because it's been manipulated from the start.
That actually is a barrier to progress. To get an army of master nodes, you need liquidity. Otherwise you just get pockets of master node operators. Solo mining for decentralisation on the one hand; anonymity centralisation on the other
Trying to force the price up on a project that has no brand value and is not yet trusted is counter productive. If the early adopters want to hodl tight, you might as well wait 9 months for the coin supply to increase to allow a market to develop before releasing master nodes.