MaNI, Thank you for making that post I know it was not an easy decision to come to but regretfully I must concur with your analysis and conclusions. I found out about this less than 24 hours ago and i am still feel sick to my stomach we had really started something special. For those of you who do not just wash your hands of crypto here and now in disgust and enjoyed the community led aspect of what we were trying to do please head over to
pandacointalk there are still positive developments to discuss.
PhiPhi
MaNI's post makes no sense. There were 18BTC volume. To every sell there is a buy.
If Bdanyo is leaving the coin, great - if the community wants to take over build going forward, he had no coins left.
If Bdanyo is doing the destroy and rebuild tactic as MaNI pointed out, great, he is accumulating stake and the people dumping at 1 Satoshi is willing to sell at 1 Satoshi. And now Bdanyo had more vested interest to see PND value to go higher than his average cost.
It does not matter what Bdanyo do now in the market, your decision to carry on should be independent of that analysis. It's worthless - for every sell there is a buy, for every buy, there is a sell. Someone is getting the coins at a price others are willing to sell at.