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.
You know as well as I do that Darkcoin's price has been heavily manipulated throughout most of its life, just as it's being manipulated now - I have many, many posts in the DRK thread commenting on the obvious constant bot manipulation on Mintpal and elsewhere.
Crypto markets are the same as any other, those with more resources have an advantage over those with less. Your complaints against Spread could be applied to anything else.
Spread isn't waiting 9 months for anything, buy in or go cry into your panties somewhere else.
